Costco Wholesale Co. (COST) Declares Quarterly Dividend of $0.36
Costco Wholesale (NASDAQ:COST) declared a quarterly dividend on Monday, June 23rd, AR Network reports. Shareholders of record on Friday, July 11th will be given a dividend of 0.355 per share on Friday, July 25th. This represents a $1.42 dividend on an annualized basis and a yield of 1.23%.
A number of analysts have recently weighed in on COST shares. Analysts at Zacks reiterated a “neutral” rating on shares of Costco Wholesale in a research note on Wednesday, June 4th. They now have a $121.00 price target on the stock. Analysts at Ameriprise Financial initiated coverage on shares of Costco Wholesale in a research note on Tuesday, April 1st. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $126.00.
Shares of Costco Wholesale (NASDAQ:COST) traded down 0.12% on Monday, hitting $115.22. The stock had a trading volume of 1,509,532 shares. Costco Wholesale has a 52-week low of $107.44 and a 52-week high of $126.12. The stock has a 50-day moving average of $115.4 and a 200-day moving average of $115.2. The company has a market cap of $50.500 billion and a P/E ratio of 25.82.
Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 29th. The company reported $1.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.09 by $0.02. The company had revenue of $25.23 billion for the quarter, compared to the consensus estimate of $25.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Costco Wholesale will post $4.59 EPS for the current fiscal year.
In other Costco Wholesale news, Director Benjamin Sr Carson, Sr. sold 10,915 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $115.69, for a total value of $1,262,756.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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