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Stock Update: Costco Wholesale Corporation (NASDAQ:COST) – Costco Wholesale Corporation Announces Quarterly Cash Dividend

[Marketwired] – Costco Wholesale Corporation today announced that its Board of Directors declared a quarterly cash dividend on Costco common stock of $.40 per share. The quarterly dividend is payable February 26, 2016, … Read more on this. Costco Wholesale Corporation (COST) , valued at $66.46B, began trading this morning at $149.50. Looking at the stock, its one day range is $146.91 to $151.62 with its 52-week range being $117.03 to $169.73. COST shares are currently priced at 27.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 7.74x earnings multiple for the same period. The company pays shareholders $1.60 per share in dividend income per year, for a current yield of 1.08%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.30 per share, which would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $5.51 is a $0.24 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $28.74 Billion. If reported, that would be a 4.70% increase over the year-ago quarter. Recently, Citigroup Initiated COST at Neutral (Nov 9, 2015). Previously, Northcoast downgraded COST from Buy to Neutral. Investors should keep in mind is that the average price target is $171.57, which is 14.76% above where the stock opened this morning. See more in (NASDAQ:COST) Similar Articles: Stock Update (NASDAQ:COST): Costco Wholesale Corporation Announces New Board Member Market Update (NASDAQ:COST): Faruqi & Faruqi, LLP is Investigating Costco Wholesale Corporation (COST) on Behalf of its Shareholders Stock Update: Costco Wholesale Corporation (NASDAQ:COST) – Costco sold counterfeit Tiffany diamond rings, must pay damages
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