Costco Wholesale (NASDAQ:COST) Stock Price Down 0.5% – Should You Sell?

Costco Wholesale Co. (NASDAQ:COST)’s share price traded down 0.5% during mid-day trading on Monday . The company traded as low as $1,068.01 and last traded at $1,071.85. 1,409,326 shares traded hands during trading, a decline of 27% from the average session volume of 1,921,622 shares. The stock had previously closed at $1,076.86.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Truist Financial boosted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.5 %

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 firm’s 50-day moving average is $969.49 and its 200 day moving average is $923.85. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Hedge Funds Weigh In On Costco Wholesale

Institutional investors and hedge funds have recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth approximately $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $35,000. Institutional investors and hedge funds 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.