Costco Wholesale Co. (NASDAQ:COST) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,491 shares of the retailer’s stock after buying an additional 1,590 shares during the quarter. HB Wealth Management LLC’s holdings in Costco Wholesale were worth $18,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the third quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc lifted its holdings in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COST. TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group raised 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. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Finally, Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $943.19 on Friday. 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 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a market cap of $418.68 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 5.60 and a beta of 0.84. The stock has a 50 day simple moving average of $949.82 and a 200-day simple moving average of $901.17.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

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.