Company Update (NASDAQ:COST): Costco Wholesale Corporation Announces Quarterly Cash Dividend
Costco Wholesale Corporation (NASDAQ:COST) announced that its Board of Directors declared a quarterly cash dividend on Costco common stock of $.40 per share. The quarterly dividend is payable August 28, 2015, to shareholders of record at the close of business on August 14, 2015. (Original Source)
Shares of Costco Wholesale closed today at $144.25, down $0.74 or 0.51%. COST has a 1-year high of $156.85 and a 1-year low of $116.81. The stock’s 50-day moving average is $140.35 and its 200-day moving average is $144.04.
On the ratings front, Costco Wholesale has been the subject of a number of recent research reports. In a report issued on July 17, Oppenheimer analyst Brian Nagel maintained a Buy rating on COST, with a price target of $160, which represents a potential upside of 10.9% from where the stock is currently trading. Separately, on July 13, BMO’s Kelly Bania reiterated a Buy rating on the stock and has a price target of $165.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Nagel and Kelly Bania have a total average return of 10.4% and -2.3% respectively. Nagel has a success rate of 67.1% and is ranked #198 out of 3712 analysts, while Bania has a success rate of 47.1% and is ranked #2903.
Overall, 6 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $157.67 which is 9% above where the stock opened today.
Costco Wholesale Corp and its subsidiaries operate membership warehouses. It offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.