Black Diamond Financial LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Black Diamond Financial LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 53.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 557 shares of the retailer’s stock after acquiring an additional 194 shares during the period. Black Diamond Financial LLC’s holdings in Costco Wholesale were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. raised its position in shares of Costco Wholesale by 57.3% in the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after buying an additional 228 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of Costco Wholesale by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after acquiring an additional 135 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares in the last quarter. TrinityPoint Wealth LLC boosted its position in shares of Costco Wholesale by 15.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock valued at $1,633,000 after acquiring an additional 332 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP grew its holdings in shares of Costco Wholesale by 3.2% during the fourth quarter. Schneider Downs Wealth Management Advisors LP now owns 740 shares of the retailer’s stock worth $488,000 after purchasing an additional 23 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the transaction, the insider now directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus lifted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Robert W. Baird upped their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Barclays raised their price target on Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Stifel Nicolaus upped their price objective on Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley increased their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Stock Performance

Shares of COST stock opened at $916.00 on Monday. The firm has a market capitalization of $406.09 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 5.47 and a beta of 0.80. The stock has a fifty day moving average of $861.57 and a 200 day moving average of $806.45. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is 28.75%.

Costco Wholesale Company 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.