Costco Wholesale (NASDAQ:COST) Trading Down 0.1% – What’s Next?

Costco Wholesale Co. (NASDAQ:COST)’s share price dropped 0.1% on Wednesday . The company traded as low as $955.00 and last traded at $957.85. Approximately 454,303 shares changed hands during trading, a decline of 76% from the average daily volume of 1,860,190 shares. The stock had previously closed at $958.67.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 0.1 %

The business has a 50-day moving average price of $954.19 and a two-hundred day moving average price of $906.54. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Institutional Trading of Costco Wholesale

A number of large investors have recently modified their holdings of COST. Centaurus Financial Inc. increased its position in shares of Costco Wholesale by 19.2% during the second quarter. Centaurus Financial Inc. now owns 5,179 shares of the retailer’s stock worth $4,402,000 after acquiring an additional 833 shares during the period. Sage Advisors LLC grew its stake in shares of Costco Wholesale by 14.7% during the second quarter. Sage Advisors LLC now owns 1,100 shares of the retailer’s stock worth $935,000 after purchasing an additional 141 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Costco Wholesale during the second quarter worth $2,250,000. Global Wealth Strategies & Associates grew its stake in shares of Costco Wholesale by 111.9% during the third quarter. Global Wealth Strategies & Associates now owns 231 shares of the retailer’s stock worth $205,000 after purchasing an additional 122 shares in the last quarter. Finally, First Financial Bank Trust Division grew its stake in shares of Costco Wholesale by 16.6% during the third quarter. First Financial Bank Trust Division now owns 352 shares of the retailer’s stock worth $312,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors 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.