Costco Wholesale Co. (NASDAQ:COST) Declares Quarterly Dividend of $0.65

Share on StockTwits

Costco Wholesale Co. (NASDAQ:COST) announced a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.65 per share by the retailer on Friday, November 15th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, October 31st.

Shares of NASDAQ:COST opened at $298.94 on Tuesday. Costco Wholesale has a one year low of $189.51 and a one year high of $307.34. The stock has a fifty day moving average of $293.61 and a 200-day moving average of $270.81. The company has a market capitalization of $130.36 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 4.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.15. The company had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.36 EPS. As a group, research analysts forecast that Costco Wholesale will post 8.6 EPS for the current fiscal year.

In other Costco Wholesale news, Director Susan L. Decker sold 333 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $297.50, for a total transaction of $99,067.50. Following the transaction, the director now directly owns 41,470 shares of the company’s stock, valued at $12,337,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $298.46, for a total transaction of $1,492,300.00. Following the transaction, the insider now directly owns 22,277 shares in the company, valued at $6,648,793.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,317 shares of company stock valued at $3,677,494. 0.21% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Morgan Stanley increased their target price on Costco Wholesale from $230.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. They noted that the move was a valuation call. ValuEngine lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group assumed coverage on Costco Wholesale in a report on Thursday, July 11th. They issued a “buy” rating and a $290.00 target price for the company. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Northcoast Research lowered Costco Wholesale from a “buy” rating to a “neutral” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $293.13.

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.

See Also: Initial Coin Offering (ICO)

Dividend History for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Harmony Market Capitalization Achieves $14.87 Million
Harmony Market Capitalization Achieves $14.87 Million
Public Employees Retirement Association of Colorado Reduces Position in Synchrony Financial
Public Employees Retirement Association of Colorado Reduces Position in Synchrony Financial
Public Employees Retirement Association of Colorado Sells 160 Shares of IHS Markit Ltd
Public Employees Retirement Association of Colorado Sells 160 Shares of IHS Markit Ltd
Dillard’s, Inc.  Shares Bought by SG Americas Securities LLC
Dillard’s, Inc. Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC Has $2.81 Million Stake in New York Community Bancorp, Inc.
SG Americas Securities LLC Has $2.81 Million Stake in New York Community Bancorp, Inc.
SG Americas Securities LLC Lowers Stock Position in Alexandria Real Estate Equities Inc
SG Americas Securities LLC Lowers Stock Position in Alexandria Real Estate Equities Inc


© 2006-2019 Ticker Report