Costco Wholesale (NASDAQ:COST) Stock Price Down 0%

Costco Wholesale Co. (NASDAQ:COST)’s stock price fell 0% during trading on Monday . The company traded as low as $911.93 and last traded at $915.78. 291,011 shares traded hands during trading, a decline of 85% from the average session volume of 1,942,084 shares. The stock had previously closed at $916.00.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. Barclays upped their price objective on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. TD Cowen lifted their price target on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Bank of America increased their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Morgan Stanley lifted their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Evercore ISI lifted their price objective on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $844.52.

Costco Wholesale Stock Down 1.0 %

The company has a market cap of $402.00 billion, a PE ratio of 56.74, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The business has a fifty day simple moving average of $861.57 and a two-hundred day simple moving average of $806.45. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s payout ratio is presently 28.75%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,974 shares of company stock worth $4,252,856. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Costco Wholesale

A number of hedge funds have recently modified their holdings of COST. Summit Wealth Partners LLC acquired a new stake in Costco Wholesale in the 2nd quarter valued at approximately $206,000. SS&H Financial Advisors Inc. raised its holdings in Costco Wholesale by 5.4% in the second quarter. SS&H Financial Advisors Inc. now owns 2,907 shares of the retailer’s stock valued at $2,470,000 after acquiring an additional 150 shares in the last quarter. Cannon Financial Strategists Inc. acquired a new position in shares of Costco Wholesale during the 2nd quarter worth about $212,000. Heritage Wealth Management Inc. purchased a new stake in Costco Wholesale during the second quarter worth approximately $1,534,000. Finally, Lazari Capital Management Inc. boosted its holdings in shares of Costco Wholesale by 11.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 804 shares of the retailer’s stock valued at $683,000 after buying an additional 84 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

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.