Costco Wholesale Co. (NASDAQ:COST - Get Free Report)'s stock price was down 0.4% during trading on Friday . The stock traded as low as $1,068.01 and last traded at $1,072.63. Approximately 398,902 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 1,883,499 shares. The stock had previously closed at $1,076.86.
Wall Street Analyst Weigh In
Several equities analysts have commented on COST shares. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Finally, TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.93.
Get Our Latest Report on COST
Costco Wholesale Trading Down 0.5 %
The firm has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The business's 50 day moving average price is $969.49 and its 200-day moving average price is $923.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.
Costco Wholesale Announces Dividend
The company 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 $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale's payout ratio is currently 27.25%.
Institutional Investors Weigh In On Costco Wholesale
A number of hedge funds have recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at about $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at about $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial purchased a new position in Costco Wholesale in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 68.48% of the company's stock.
About Costco Wholesale
(
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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.
Further Reading
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