HF Advisory Group LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

HF Advisory Group LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 387 shares of the retailer’s stock after buying an additional 16 shares during the quarter. HF Advisory Group LLC’s holdings in Costco Wholesale were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COST. Aaron Wealth Advisors LLC lifted its holdings in Costco Wholesale by 8.8% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,995 shares of the retailer’s stock valued at $2,744,000 after purchasing an additional 242 shares in the last quarter. Whitaker Myers Wealth Managers LTD. lifted its stake in shares of Costco Wholesale by 29.3% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 529 shares of the retailer’s stock worth $485,000 after buying an additional 120 shares in the last quarter. BNC Wealth Management LLC boosted its position in Costco Wholesale by 2.9% during the fourth quarter. BNC Wealth Management LLC now owns 6,628 shares of the retailer’s stock worth $6,073,000 after acquiring an additional 187 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in Costco Wholesale by 3.8% during the 4th quarter. Sandy Cove Advisors LLC now owns 716 shares of the retailer’s stock valued at $656,000 after acquiring an additional 26 shares in the last quarter. Finally, Riversedge Advisors LLC raised its holdings in Costco Wholesale by 5.4% in the 4th quarter. Riversedge Advisors LLC now owns 917 shares of the retailer’s stock valued at $840,000 after acquiring an additional 47 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COST shares. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. The Goldman Sachs Group increased their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Loop Capital upped their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s 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 sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 2.5 %

COST opened at $943.19 on Monday. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The business has a 50 day moving average price of $949.82 and a two-hundred day moving average price of $901.47. 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 company has a market cap of $418.68 billion, a PE ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

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.