Costco Wholesale Corporation (COST) Cut to Hold at Vetr Inc.

Vetr cut shares of Costco Wholesale Corporation (NASDAQ:COST) from a buy rating to a hold rating in a report released on Thursday. The firm currently has $177.50 price objective on the retailer’s stock.

Other research analysts have also issued reports about the stock. Guggenheim reiterated a neutral rating on shares of Costco Wholesale Corporation in a research note on Wednesday, November 30th. Deutsche Bank AG reduced their price target on shares of Costco Wholesale Corporation from $195.00 to $194.00 and set a buy rating for the company in a research report on Monday, December 5th. BMO Capital Markets set a $180.00 price target on shares of Costco Wholesale Corporation and gave the company a buy rating in a research report on Thursday, October 20th. Barclays PLC restated an equal weight rating and set a $158.00 price target on shares of Costco Wholesale Corporation in a research report on Friday, December 9th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $185.00 price target (up from $175.00) on shares of Costco Wholesale Corporation in a research report on Thursday, January 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $174.85.

Analyst Recommendations for Costco Wholesale Corporation (NASDAQ:COST)

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 173.63 on Thursday. Costco Wholesale Corporation has a 12-month low of $138.57 and a 12-month high of $173.64. The firm has a market capitalization of $76.27 billion, a P/E ratio of 31.68 and a beta of 0.89. The company has a 50-day moving average price of $164.34 and a 200-day moving average price of $157.66.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Wednesday, December 7th. The retailer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.05. Costco Wholesale Corporation had a net margin of 2.02% and a return on equity of 20.06%. The business earned $28.10 billion during the quarter, compared to analyst estimates of $28.30 billion. During the same period in the previous year, the business earned $1.09 EPS. Costco Wholesale Corporation’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Corporation will post $5.90 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Stockholders of record on Friday, February 10th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, February 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.04%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.79%.

In related news, insider David S. Petterson sold 4,000 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $158.55, for a total transaction of $634,200.00. Following the completion of the transaction, the insider now directly owns 21,626 shares of the company’s stock, valued at $3,428,802.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John D. Mckay sold 4,948 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $168.25, for a total transaction of $832,501.00. Following the transaction, the insider now directly owns 64,532 shares of the company’s stock, valued at $10,857,509. The disclosure for this sale can be found here. Insiders have sold 47,292 shares of company stock valued at $7,631,776 over the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of COST. Signaturefd LLC boosted its position in shares of Costco Wholesale Corporation by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock worth $172,000 after buying an additional 491 shares during the last quarter. Peddock Capital Advisors LLC purchased a new stake in Costco Wholesale Corporation during the third quarter valued at about $181,000. Klingman & Associates LLC raised its stake in Costco Wholesale Corporation by 25.8% in the third quarter. Klingman & Associates LLC now owns 1,218 shares of the retailer’s stock valued at $186,000 after buying an additional 250 shares during the period. New Capital Management LP purchased a new stake in Costco Wholesale Corporation during the fourth quarter valued at about $201,000. Finally, Alpha Windward LLC raised its stake in Costco Wholesale Corporation by 0.7% in the third quarter. Alpha Windward LLC now owns 1,332 shares of the retailer’s stock valued at $203,000 after buying an additional 9 shares during the period. 73.12% of the stock is owned by institutional investors and hedge funds.

About Costco Wholesale Corporation

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.

5 Day Chart for NASDAQ:COST

To view Vetr’s full report, visit Vetr’s official website.

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