Costco Wholesale (NASDAQ:COST) Stock Price Down 0% - What's Next?

Costco Wholesale Co. (NASDAQ:COST - Get Free Report)'s share price was down 0% during trading on Wednesday . The company traded as low as $1,051.00 and last traded at $1,058.28. Approximately 430,775 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,901,779 shares. The stock had previously closed at $1,058.34.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COST shares. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price for the company. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

Costco Wholesale Trading Down 0.5 %

The company has a 50 day moving average of $969.49 and a 200 day moving average of $922.35. 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 stock has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's payout ratio is 27.25%.

Hedge Funds Weigh In On Costco Wholesale

Several institutional investors have recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale in the 4th quarter valued at about $31,000. NewSquare Capital LLC grew its position in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the 4th quarter valued at about $33,000. Finally, Collier Financial acquired a new position in Costco Wholesale in the 4th quarter valued at about $35,000. 68.48% of the stock is owned by institutional investors and hedge funds.

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.