Costco Wholesale Co. (NASDAQ:COST – Get Free Report) shares rose 0.1% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $946.04 and last traded at $943.35. Approximately 249,746 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,766,128 shares. The stock had previously closed at $942.16.
The newly announced dividend which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.
Wall Street Analysts Forecast Growth
COST has been the subject of several analyst reports. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Truist Financial increased their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird increased their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.
Costco Wholesale Stock Down 0.3 %
The firm has a market cap of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business’s 50 day moving average price is $951.57 and its 200 day moving average price is $903.72.
Institutional Trading of Costco Wholesale
Large investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the 4th quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth $58,000. 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.
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