Costco Wholesale (NASDAQ:COST) Stock Price Down 0.1% – Here’s Why

Shares of Costco Wholesale Co. (NASDAQ:COST) fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $955.00 and last traded at $957.85. 454,303 shares traded hands during trading, a decline of 76% from the average session volume of 1,860,190 shares. The stock had previously closed at $958.67.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 0.8 %

The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $428.94 billion, a price-to-earnings ratio of 56.75, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The firm has a 50 day moving average price of $953.06 and a two-hundred day moving average price of $905.62.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Hedge Funds Weigh In On Costco Wholesale

Hedge funds and other institutional investors have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new position in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. 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.