Costco Wholesale (NASDAQ:COST) Trading Down 0.4% – Here’s What Happened

Costco Wholesale Co. (NASDAQ:COST) traded down 0.4% during trading on Monday . The company traded as low as $1,025.22 and last traded at $1,030.83. 496,952 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,863,521 shares. The stock had previously closed at $1,035.03.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a 50 day moving average price of $975.61 and a 200 day moving average price of $932.24. The company has a market capitalization of $459.87 billion, a PE ratio of 60.75, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Institutional Trading of Costco Wholesale

Several institutional investors and hedge funds have recently bought and sold shares of COST. Norges Bank bought a new position in Costco Wholesale during the fourth quarter worth $5,182,316,000. Proficio Capital Partners LLC lifted its position in shares of Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $95,452,000. Strategic Financial Concepts LLC grew its position in shares of Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after buying an additional 795,345 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Costco Wholesale by 12.6% during the 4th quarter. Northern Trust Corp now owns 5,257,809 shares of the retailer’s stock valued at $4,817,573,000 after buying an additional 587,303 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.