Costco Wholesale Corporation (COST) Receives “Neutral” Rating from Guggenheim
Costco Wholesale Corporation (NASDAQ:COST)‘s stock had its “neutral” rating restated by investment analysts at Guggenheim in a report issued on Thursday.
Several other research firms also recently weighed in on COST. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Finally, Cowen and Company set a $180.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Saturday, July 22nd. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus target price of $179.56.
Costco Wholesale Corporation (NASDAQ:COST) opened at 165.21 on Thursday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm’s 50-day moving average price is $159.79 and its 200-day moving average price is $164.89. The firm has a market cap of $72.46 billion, a price-to-earnings ratio of 28.68 and a beta of 0.94.
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In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 3,000 shares of company stock worth $481,760. Corporate insiders own 0.74% of the company’s stock.
A number of institutional investors have recently made changes to their positions in COST. Perigon Wealth Management increased its holdings in Costco Wholesale Corporation by 1.2% in the third quarter. Perigon Wealth Management now owns 9,982 shares of the retailer’s stock valued at $1,443,000 after buying an additional 118 shares during the last quarter. KBC Group increased its holdings in Costco Wholesale Corporation by 1.2% in the third quarter. KBC Group now owns 41,005 shares of the retailer’s stock valued at $5,928,000 after buying an additional 488 shares during the last quarter. Chelsea Counsel Company increased its holdings in Costco Wholesale Corporation by 1.6% in the third quarter. Chelsea Counsel Company now owns 149,662 shares of the retailer’s stock valued at $21,637,000 after buying an additional 2,402 shares during the last quarter. Renaissance Investment Group increased its holdings in Costco Wholesale Corporation by 2.4% in the fourth quarter. Renaissance Investment Group now owns 29,692 shares of the retailer’s stock valued at $4,795,000 after buying an additional 700 shares during the last quarter. Finally, Stillwater Investment Management increased its holdings in Costco Wholesale Corporation by 1.1% in the fourth quarter. Stillwater Investment Management now owns 11,619 shares of the retailer’s stock valued at $1,876,000 after buying an additional 125 shares during the last quarter. 72.35% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Corporation Company Profile
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.
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