Costco Wholesale (COST) Earning Favorable Media Coverage, Study Finds

News headlines about Costco Wholesale (NASDAQ:COST) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Costco Wholesale earned a media sentiment score of 0.32 on Accern’s scale. Accern also gave media stories about the retailer an impact score of 45.9837520265473 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

Costco Wholesale (COST) traded up $1.87 during mid-day trading on Friday, reaching $188.07. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $191.22. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $82,180.00, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same quarter last year, the business earned $1.77 earnings per share. Costco Wholesale’s quarterly revenue was up 15.7% compared to the same quarter last year. equities analysts predict that Costco Wholesale will post 6.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 32.89%.

A number of brokerages recently weighed in on COST. Robert W. Baird restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a research report on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and set a $173.00 target price on shares of Costco Wholesale in a research report on Monday, October 9th. Vetr lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 target price for the company. in a research report on Monday, November 6th. J P Morgan Chase & Co restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a research report on Monday, December 4th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $179.50.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the sale, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares in the company, valued at approximately $665,658. The disclosure for this sale can be found here. In the last three months, insiders sold 32,842 shares of company stock worth $5,520,848. Insiders own 0.74% of the company’s stock.

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Costco Wholesale 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.

Insider Buying and Selling by Quarter for Costco Wholesale (NASDAQ:COST)

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