HFR Wealth Management LLC Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

HFR Wealth Management LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 19,083 shares of the retailer’s stock after selling 82 shares during the quarter. Costco Wholesale comprises about 4.3% of HFR Wealth Management LLC’s portfolio, making the stock its 4th largest holding. HFR Wealth Management LLC’s holdings in Costco Wholesale were worth $17,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cromwell Holdings LLC raised its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after buying an additional 10 shares in the last quarter. SRN Advisors LLC raised its position in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares in the last quarter. Sculati Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.2 %

NASDAQ COST opened at $1,046.85 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $464.70 billion, a PE ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The business’s 50-day moving average is $984.45 and its 200 day moving average is $939.83.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of brokerages recently issued reports on COST. Barclays increased their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.