Costco Wholesale (NASDAQ:COST) had its price objective decreased by investment analysts at Citigroup from $257.00 to $238.00 in a research report issued to clients and investors on Sunday. The brokerage currently has a “neutral” rating on the retailer’s stock. Citigroup’s target price would indicate a potential upside of 5.84% from the stock’s previous close.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. BMO Capital Markets set a $260.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Monday, September 10th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Loop Capital set a $265.00 price objective on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 price objective on the stock in a research report on Tuesday, September 11th. Eight research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $236.85.
Shares of COST stock traded down $8.34 during trading on Friday, reaching $224.86. The company’s stock had a trading volume of 2,860,655 shares, compared to its average volume of 2,187,973. The company has a quick ratio of 0.46, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $98.54 billion, a PE ratio of 32.92, a P/E/G ratio of 2.87 and a beta of 0.90. Costco Wholesale has a one year low of $175.79 and a one year high of $245.16.
In related news, VP Roland Michael Vachris sold 6,600 shares of the business’s stock in a transaction on Monday, October 15th. The shares were sold at an average price of $225.88, for a total transaction of $1,490,808.00. Following the transaction, the vice president now directly owns 17,282 shares in the company, valued at $3,903,658.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider W Craig Jelinek sold 22,500 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $223.52, for a total transaction of $5,029,200.00. Following the transaction, the insider now owns 322,958 shares in the company, valued at $72,187,572.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,312 shares of company stock worth $13,847,852. 0.74% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Costco Wholesale by 0.4% during the third quarter. Vanguard Group Inc. now owns 35,457,639 shares of the retailer’s stock worth $8,328,292,000 after buying an additional 158,722 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Costco Wholesale by 3.4% in the third quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock valued at $6,586,376,000 after purchasing an additional 919,651 shares during the last quarter. FMR LLC increased its holdings in shares of Costco Wholesale by 0.5% in the third quarter. FMR LLC now owns 10,618,916 shares of the retailer’s stock valued at $2,494,171,000 after purchasing an additional 48,021 shares during the last quarter. Capital World Investors increased its holdings in shares of Costco Wholesale by 12.0% in the third quarter. Capital World Investors now owns 9,908,138 shares of the retailer’s stock valued at $2,327,223,000 after purchasing an additional 1,064,167 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Costco Wholesale by 0.6% in the second quarter. Northern Trust Corp now owns 6,229,389 shares of the retailer’s stock valued at $1,301,817,000 after purchasing an additional 37,778 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.
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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