Costco Wholesale (NASDAQ:COST) Trading Up 0.1%

Costco Wholesale Co. (NASDAQ:COST) rose 0.1% during mid-day trading on Wednesday . The stock traded as high as $900.18 and last traded at $897.73. Approximately 178,109 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,936,651 shares. The stock had previously closed at $897.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial increased their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Roth Mkm reissued a “neutral” rating and set a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. DA Davidson restated a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research report on Friday, September 6th. Tigress Financial raised their target price on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Stock Up 0.1 %

The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $862.32 and its 200-day moving average price is $808.65. The company has a market cap of $398.04 billion, a price-to-earnings ratio of 55.62, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is currently 28.75%.

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, 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. Insiders sold 4,974 shares of company stock worth $4,252,856 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of Costco Wholesale

Institutional investors and hedge funds have recently bought and sold shares of the stock. Frank Rimerman Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale during the first quarter worth $32,000. Financial Connections Group Inc. lifted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Vima LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $34,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $36,000. 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.