Media stories about Costco Wholesale (NASDAQ:COST) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Costco Wholesale earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media headlines about the retailer an impact score of 45.1573103719153 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Costco Wholesale Corporation's Sales Growth Remains Impressive (finance.yahoo.com)
- Insider Selling: Costco Wholesale Co. (COST) VP Sells 11,674 Shares of Stock (americanbankingnews.com)
- Costco Wholesale (COST) a Hold This Week (investorplace.com)
- CEO Spotlight: Costco’s Craig Jelinek – Born2Invest (born2invest.com)
- Jefferies Group Equities Analysts Increase Earnings Estimates for Costco Wholesale Co. (COST) (americanbankingnews.com)
Costco Wholesale (NASDAQ COST) traded down $1.91 during trading on Tuesday, hitting $187.46. The company had a trading volume of 1,837,814 shares, compared to its average volume of 2,550,000. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44. The stock has a market cap of $82,270.00, a P/E ratio of 28.66, a P/E/G ratio of 3.04 and a beta of 0.97. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $199.88.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were paid a $0.50 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. Costco Wholesale’s payout ratio is currently 30.58%.
A number of research analysts recently issued reports on the company. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $205.00 price target (down previously from $209.00) on shares of Costco Wholesale in a report on Thursday, March 8th. Vetr downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $195.68 price target on the stock. in a report on Tuesday, February 20th. Argus boosted their price target on Costco Wholesale to $200.00 and gave the company a “buy” rating in a report on Monday, February 12th. Finally, BMO Capital Markets set a $223.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $190.76.
In related news, VP Timothy L. Rose sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares in the company, valued at approximately $10,148,602.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $187.23, for a total value of $561,690.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at $1,620,288.42. The disclosure for this sale can be found here. Insiders sold a total of 119,859 shares of company stock worth $22,789,730 in the last 90 days. 0.58% of the stock is currently owned by company insiders.
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.
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.