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

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

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Oppenheimer increased their price objective on Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Tigress Financial lifted their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. TD Cowen increased their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price target for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $862.32 and a 200 day moving average price of $808.65. The firm has a market capitalization of $395.68 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insiders Place Their Bets

In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last three months. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wulff Hansen & CO. grew its stake in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth about $510,353,000. Assenagon Asset Management S.A. lifted its stake in Costco Wholesale by 287.3% during the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in Costco Wholesale by 51,747.5% in the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after purchasing an additional 618,383 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Costco Wholesale by 3,647.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock valued at $374,688,000 after purchasing an additional 552,492 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

About Costco Wholesale

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.