Investment Analysts’ Recent Ratings Updates for Costco Wholesale (COST)

Costco Wholesale (NASDAQ: COST) has recently received a number of price target changes and ratings updates:

• 9/23/2024 – Costco Wholesale is now covered by analysts at Melius Research. They set a “hold” rating and a $950.00 price target on the stock.
• 9/10/2024 – Costco Wholesale was downgraded by analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating. They now have a $890.00 price target on the stock, up previously from $860.00.
• 9/9/2024 – Costco Wholesale had its price target raised by analysts at Morgan Stanley from $855.00 to $950.00. They now have an “overweight” rating on the stock.
• 9/6/2024 – Costco Wholesale had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $925.00 price target on the stock.
• 9/6/2024 – Costco Wholesale had its price target raised by analysts at Oppenheimer Holdings Inc. from $925.00 to $955.00. They now have an “outperform” rating on the stock.
• 9/6/2024 – Costco Wholesale had its price target raised by analysts at Evercore ISI from $915.00 to $925.00. They now have an “outperform” rating on the stock.
• 9/6/2024 – Costco Wholesale had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $780.00 price target on the stock.
• 9/6/2024 – Costco Wholesale was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/6/2024 – Costco Wholesale had its price target raised by analysts at Loop Capital from $970.00 to $975.00. They now have a “buy” rating on the stock.
• 9/6/2024 – Costco Wholesale had its price target raised by analysts at Stifel Nicolaus from $910.00 to $915.00. They now have a “buy” rating on the stock.
• 8/29/2024 – Costco Wholesale was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/27/2024 – Costco Wholesale had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $925.00 price target on the stock.
• 8/12/2024 – Costco Wholesale had its price target raised by analysts at BMO Capital Markets from $875.00 to $950.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – Costco Wholesale had its price target lowered by analysts at Oppenheimer Holdings Inc. from $950.00 to $925.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – Costco Wholesale had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $925.00 to $927.00. They now have a “buy” rating on the stock.
• 8/8/2024 – Costco Wholesale was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating. They now have a $925.00 price target on the stock.
• 8/7/2024 – Costco Wholesale had its price target lowered by analysts at Evercore ISI from $920.00 to $915.00. They now have an “outperform” rating on the stock.
• 8/5/2024 – Costco Wholesale had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $925.00 price target on the stock.

Costco Wholesale Trading Up 1.1 %

NASDAQ:COST opened at $917.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $406.57 billion, a P/E ratio of 56.82, a P/E/G ratio of 5.51 and a beta of 0.80. The firm has a 50-day simple moving average of $866.22 and a 200-day simple moving average of $812.45. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s payout ratio is 28.75%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Costco Wholesale

Institutional investors and hedge funds have recently made changes to their positions in the business. Strong Tower Advisory Services grew its holdings in shares of Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after acquiring an additional 2,620 shares during the period. Main Street Financial Solutions LLC grew its holdings in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 656 shares in the last quarter. Parcion Private Wealth LLC boosted its position in Costco Wholesale by 30.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after buying an additional 1,319 shares during the period. Finally, Aspiriant LLC boosted its holdings in Costco Wholesale by 6.1% in the first quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after purchasing an additional 134 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.