Sierra Ocean LLC Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

Sierra Ocean LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 588 shares of the retailer's stock, valued at approximately $539,000. Costco Wholesale comprises approximately 0.4% of Sierra Ocean LLC's portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. grew its holdings in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Down 2.7 %

Shares of Costco Wholesale stock traded down $28.32 on Thursday, hitting $1,034.22. 1,996,019 shares of the company traded hands, compared to its average volume of 1,908,977. The stock's 50 day moving average price is $973.78 and its 200-day moving average price is $928.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a market cap of $459.09 billion, a PE ratio of 60.73, a PEG ratio of 6.28 and a beta of 0.84.

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Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Telsey Advisory Group restated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a report on Wednesday, December 18th. Finally, Evercore ISI raised their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

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.