Costco Wholesale (NASDAQ:COST) Price Target Raised to $975.00 at Loop Capital

Costco Wholesale (NASDAQ:COST) had its price target increased by Loop Capital from $970.00 to $975.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

A number of other brokerages have also recently issued reports on COST. Citigroup increased their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a neutral rating in a report on Friday, May 31st. StockNews.com lowered Costco Wholesale from a buy rating to a hold rating in a research note on Thursday, August 29th. Truist Financial upped their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a buy rating in a report on Friday, May 31st. Evercore ISI lifted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an outperform rating in a report on Friday. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $925.00 price objective on shares of Costco Wholesale in a report on Friday. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $842.77.

Costco Wholesale Stock Performance

NASDAQ COST opened at $896.49 on Friday. Costco Wholesale has a twelve month low of $540.23 and a twelve month high of $918.93. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock has a market cap of $397.44 billion, a P/E ratio of 55.54, a PEG ratio of 5.33 and a beta of 0.80. The company’s 50-day simple moving average is $858.47 and its 200 day simple moving average is $801.88.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by company insiders.

Institutional Trading of Costco Wholesale

A number of institutional investors have recently modified their holdings of the company. Oak Asset Management LLC lifted its stake in Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after acquiring an additional 12 shares in the last quarter. Peddock Capital Advisors LLC boosted its holdings in Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. grew its position in Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares in the last quarter. Boltwood Capital Management increased its stake in Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after buying an additional 13 shares during the last quarter. Finally, LifePro Asset Management lifted its position in Costco Wholesale by 3.8% during the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after buying an additional 13 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Company Profile

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.