Costco Wholesale (NASDAQ:COST) Trading Down 0%

Costco Wholesale Co. (NASDAQ:COST)’s stock price fell 0% on Monday . The company traded as low as $911.93 and last traded at $915.78. 291,011 shares changed 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

Several equities analysts recently weighed in on COST shares. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Truist Financial increased their price objective on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. Telsey Advisory Group restated an “outperform” rating and issued a $925.00 target price on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm has a market capitalization of $402.00 billion, a PE ratio of 56.74, a P/E/G ratio of 5.47 and a beta of 0.80. The business’s 50 day moving average is $861.57 and its two-hundred day moving average is $806.45.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by insiders.

Institutional Trading of Costco Wholesale

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