Costco Wholesale (NASDAQ:COST) Stock Price Down 0.6% - Here's What Happened

Shares of Costco Wholesale Co. (NASDAQ:COST - Get Free Report) traded down 0.6% during trading on Wednesday . The stock traded as low as $1,031.28 and last traded at $1,030.76. 317,911 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 1,829,515 shares. The stock had previously closed at $1,036.87.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Loop Capital upped their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. DA Davidson increased their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Trading Up 0.3 %

The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $986.01 and a 200-day moving average price of $941.00. The firm has a market capitalization of $461.78 billion, a PE ratio of 61.06, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is currently 27.25%.

Hedge Funds Weigh In On Costco Wholesale

A number of large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer's stock worth $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Hudson Value Partners LLC boosted its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC acquired a new stake in Costco Wholesale in the third quarter valued at $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $8,430,000. Finally, GAMMA Investing LLC boosted its position in shares of Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer's stock worth $7,020,000 after buying an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company's stock.

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.

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