Black Diamond Financial LLC Sells 70 Shares of Costco Wholesale Co. (NASDAQ:COST)

Black Diamond Financial LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522 shares of the retailer’s stock after selling 70 shares during the period. Black Diamond Financial LLC’s holdings in Costco Wholesale were worth $478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. grew its holdings in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $1,035.03 on Monday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The business’s fifty day moving average is $975.61 and its 200 day moving average is $932.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale 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.