Wells Fargo & Co lowered shares of Costco Wholesale (NASDAQ:COST) from an outperform rating to a market perform rating in a report released on Friday, MarketBeat.com reports. The firm currently has $235.00 price target on the retailer’s stock.

Several other equities analysts also recently issued reports on COST. Royal Bank of Canada upped their price objective on shares of Costco Wholesale to $213.00 and gave the company an outperform rating in a research note on Tuesday, May 29th. Argus upped their price objective on shares of Costco Wholesale from $200.00 to $220.00 and gave the company a buy rating in a research note on Wednesday, May 30th. Telsey Advisory Group upped their price objective on shares of Costco Wholesale from $210.00 to $220.00 and gave the company an outperform rating in a research note on Friday, June 1st. Citigroup upped their price objective on shares of Costco Wholesale from $217.00 to $222.00 and gave the company a buy rating in a research note on Friday, June 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $206.00 to $212.00 and gave the company an overweight rating in a research note on Friday, June 1st. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Costco Wholesale presently has a consensus rating of Buy and an average price target of $225.33.

NASDAQ COST opened at $232.00 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale has a 1 year low of $154.11 and a 1 year high of $245.16. The firm has a market capitalization of $106.32 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 2.87 and a beta of 0.95.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.98%. Costco Wholesale’s dividend payout ratio (DPR) is 39.18%.

In related news, VP James P. Murphy sold 15,000 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $219.22, for a total transaction of $3,288,300.00. Following the completion of the transaction, the vice president now directly owns 33,834 shares of the company’s stock, valued at $7,417,089.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $208.42, for a total transaction of $625,260.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $1,803,666.68. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock valued at $5,268,930 in the last quarter. Insiders own 0.74% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Wealth Advisors Group LLC raised its holdings in Costco Wholesale by 25.1% during the second quarter. Strategic Wealth Advisors Group LLC now owns 12,559 shares of the retailer’s stock worth $2,624,000 after purchasing an additional 2,521 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its holdings in Costco Wholesale by 20.7% during the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,329 shares of the retailer’s stock worth $487,000 after purchasing an additional 400 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Costco Wholesale during the second quarter worth about $604,000. HRT Financial LLC purchased a new position in Costco Wholesale during the second quarter worth about $1,258,000. Finally, WealthTrust Fairport LLC raised its holdings in Costco Wholesale by 5.6% during the second quarter. WealthTrust Fairport LLC now owns 30,675 shares of the retailer’s stock worth $6,410,000 after purchasing an additional 1,614 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Company Profile

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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