Headlines about Costco Wholesale (NASDAQ:COST) have been trending positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Costco Wholesale earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the retailer an impact score of 45.5309450125405 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Gamco Investors INC. ET AL Reduces Position in Costco Wholesale Co. (COST) (americanbankingnews.com)
- Costco Wholesale Co. (COST) Position Lifted by Public Employees Retirement Association of Colorado (americanbankingnews.com)
- Costco Wholesale Co. (COST) is Texan Capital Management’s 9th Largest Position (americanbankingnews.com)
- Costco Wholesale Co. (COST) is Greenwood Capital Associates LLC’s 8th Largest Position (americanbankingnews.com)
- Everence Capital Management Inc. Lowers Holdings in Costco Wholesale Co. (COST) (americanbankingnews.com)
Costco Wholesale (NASDAQ:COST) traded up $3.22 during trading on Friday, hitting $189.81. The stock had a trading volume of 1,560,000 shares, compared to its average volume of 2,520,000. The stock has a market cap of $83,360.00, a PE ratio of 30.18, a P/E/G ratio of 3.10 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale has a 12 month low of $150.00 and a 12 month high of $199.88.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s dividend payout ratio (DPR) is currently 31.80%.
A number of research firms recently issued reports on COST. Vetr downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 target price for the company. in a research report on Tuesday, February 20th. Tigress Financial restated a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target for the company in a report on Friday, January 12th. Robert W. Baird restated a “buy” rating and issued a $215.00 price target on shares of Costco Wholesale in a report on Friday, December 15th. Finally, Argus upped their price target on Costco Wholesale to $200.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $190.18.
In related news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $193.41, for a total transaction of $580,230.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at approximately $1,673,770.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,185 shares of company stock valued at $17,408,817. Company insiders own 0.74% of the company’s stock.
About Costco Wholesale
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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