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

Shares of Costco Wholesale Co. (NASDAQ:COST) traded down 0.1% on Wednesday . The stock traded as low as $955.00 and last traded at $957.85. 454,303 shares were traded 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 research analysts recently commented on the company. Morgan Stanley raised their price target 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. Evercore ISI lifted their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 0.1 %

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 company has a market cap of $434.97 billion, a P/E ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. The company has a fifty day moving average of $954.19 and a 200 day moving average of $906.54.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Hedge Funds Weigh In On Costco Wholesale

Several institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

About Costco Wholesale

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.