Costco Wholesale (NASDAQ:COST) had its target price upped by Telsey Advisory Group from $230.00 to $250.00 in a research report report published on Wednesday, Marketbeat.com reports. They currently have an outperform rating on the retailer’s stock.

Several other equities research analysts have also recently weighed in on COST. Loop Capital assumed coverage on Costco Wholesale in a research note on Wednesday, May 16th. They set a buy rating and a $224.00 target price for the company. Royal Bank of Canada lifted their price target on Costco Wholesale to $213.00 and gave the stock an outperform rating in a research report on Tuesday, May 29th. Argus lifted their price target on Costco Wholesale from $200.00 to $220.00 and gave the stock a buy rating in a research report on Wednesday, May 30th. Citigroup lifted their price target on Costco Wholesale from $217.00 to $222.00 and gave the stock a buy rating in a research report on Friday, June 1st. Finally, JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $206.00 to $212.00 and gave the stock an overweight rating in a research report on Friday, June 1st. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $217.25.

COST stock opened at $241.46 on Wednesday. The company has a market cap of $103.79 billion, a P/E ratio of 41.49, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95. Costco Wholesale has a fifty-two week low of $154.11 and a fifty-two week high of $242.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, August 30th. Costco Wholesale’s payout ratio is currently 39.18%.

In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $233.14, for a total value of $699,420.00. Following the transaction, the director now owns 8,654 shares of the company’s stock, valued at $2,017,593.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy L. Rose sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $205.19, for a total value of $512,975.00. Following the completion of the transaction, the vice president now directly owns 20,403 shares in the company, valued at approximately $4,186,491.57. The disclosure for this sale can be found here. In the last three months, insiders sold 41,491 shares of company stock worth $8,868,047. Corporate insiders own 0.74% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY grew its holdings in Costco Wholesale by 8.0% during the second quarter. Cypress Capital Management LLC WY now owns 3,055 shares of the retailer’s stock worth $638,000 after acquiring an additional 225 shares during the period. McIlrath & Eck LLC grew its holdings in Costco Wholesale by 16.8% during the second quarter. McIlrath & Eck LLC now owns 1,585 shares of the retailer’s stock worth $331,000 after acquiring an additional 228 shares during the period. Moloney Securities Asset Management LLC grew its holdings in Costco Wholesale by 11.5% during the second quarter. Moloney Securities Asset Management LLC now owns 2,327 shares of the retailer’s stock worth $486,000 after acquiring an additional 240 shares during the period. Rational Advisors LLC grew its holdings in Costco Wholesale by 6.7% during the second quarter. Rational Advisors LLC now owns 3,862 shares of the retailer’s stock worth $807,000 after acquiring an additional 242 shares during the period. Finally, BKD Wealth Advisors LLC grew its holdings in Costco Wholesale by 20.8% during the second quarter. BKD Wealth Advisors LLC now owns 1,435 shares of the retailer’s stock worth $300,000 after acquiring an additional 247 shares during the period. 71.51% of the stock is currently owned by institutional investors and hedge funds.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Analyst Recommendations for Costco Wholesale (NASDAQ:COST)

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