(COST) Receives Consensus Rating of "Buy" from Analysts

Mae Love
December 8, 2017

2,237,937 shares of the company were exchanged, compared to its average volume of 3,104,633. Costco Wholesale's dividend payout ratio is 32.89%. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer's stock worth $9,058,000 after buying an additional 1,439,613 shares during the last quarter. About 573,165 shares traded. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Nasdaq.com and their article: "Costco Wholesale Corporation (COST) Ex-Dividend Date Scheduled for November 16 ..." published on November 15, 2017 as well as Seekingalpha.com's news article titled: "Will Amazon Disrupt The Business Model Of Costco?" with publication date: November 28, 2017. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. The Company's products include pretzels, sandwich crackers, kettle cooked chips, pretzel crackers, cookies, potato chips, tortilla chips, popcorn, nuts, and other salty snacks. In the last 90 days, insiders sold 32,842 shares of company stock valued at $5,520,848.

Birch Hill Investment Advisors Llc decreased Potash Corp Sask Inc (NYSE:POT) stake by 23,600 shares to 272,880 valued at $4.45M in 2017Q2. Chevron Corporation (NYSE:CVX) was reduced too. Deutsche Bank reiterated a "hold" rating and set a $172.00 target price on shares of Costco Wholesale in a research report on Tuesday, September 5th. Therefore 65% are positive. The shares were sold at an average price of $183.26, for a total value of $549,780.00. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts expect that Costco Wholesale will post 6.46 earnings per share for the current year. Cowen & Co maintained the shares of COST in report on Thursday, August 24 with "Buy" rating. On Friday, May 26 the stock rating was maintained by Oppenheimer with "Buy". Stifel Nicolaus maintained the shares of COST in report on Monday, September 18 with "Buy" rating. The stock has "Buy" rating by Northcoast on Wednesday, October 19. The rating has been revealed to investors in an analyst report on Friday, 6 October. The rating was maintained by Wells Fargo with "Hold" on Thursday, June 1. Private Wealth Prtnrs Ltd Com invested 1.15% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Deutsche Bank has "Hold" rating and $144.0 target. Oppenheimer restated a "buy" rating on shares of Costco Wholesale in a research report on Thursday, November 30th. The investor is now holding 27,560,905 shares thanks to an increase of 2,655,649 new shares in their portfolio. Its up 0.40, from 0.88 in 2017Q1.

Shares of Costco Wholesale (COST) traded up 0.15% during mid-day trading on Tuesday, hitting $182.35.

Cibc World Markets Corp raised its position in Costco Wholesale Co. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.02 by $0.06. Texas Yale Capital Corp holds 0.1% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 7,128 shares. The firm owned 34,388,915 shares of the company's stock after buying an additional 748,149 shares during the period. Calamos Wealth Mgmt Limited Liability Company has 4,357 shares. Nomura Holdg has invested 0.03% in Costco Wholesale Corporation (NASDAQ:COST).

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Following some medium-term indicators on shares of Costco Wholesale Corporation (COST), we can see that the 40-day commodity channel index signal is presently Buy while the 50-day Parabolic SAR generates a Buy signal. Moreover, Citigroup has 0.1% invested in Costco Wholesale Corporation (NASDAQ:COST) for 684,017 shares. Fundx Invest Grp Ltd owns 1,832 shares.

Dekabank Deutsche Girozentrale, which manages about $12.58B US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 72,980 shares to 1.67M shares, valued at $74.96 million in 2017Q2, according to the filing. Cadinha & Co. LLC increased its stake in Costco Wholesale by 7.3% during the second quarter. Architects owns 2,334 shares. Swedbank holds 720,999 shares. Brighton Jones Ltd Liability Co reported 4,534 shares.

The stock increased 0.94% or $0.38 during the last trading session, reaching $40.28. Snyder's-Lance, Inc. (LNCE) has risen 22.79% since December 8, 2016 and is uptrending. It has outperformed by 61.89% the S&P500. Managed Asset Portfolios Llc owns 300,105 shares or 3.43% of their United States portfolio. Proficio Capital Partners LLC now owns 927 shares of the retailer's stock worth $160,000 after buying an additional 373 shares during the last quarter. 2,088 were accumulated by Vaughan David Invests Il. Finally, Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale by 14.4% during the 3rd quarter.

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