HBW Advisory Services LLC Buys 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

HBW Advisory Services LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,498 shares of the retailer’s stock after acquiring an additional 38 shares during the period. HBW Advisory Services LLC’s holdings in Costco Wholesale were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Fairway Wealth LLC lifted its stake in shares of Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. Christopher J. Hasenberg Inc lifted its stake in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC bought a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on COST. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 1.2 %

COST traded up $11.04 on Friday, hitting $938.41. The company had a trading volume of 1,775,963 shares, compared to its average volume of 1,790,675. The stock has a fifty day moving average price of $946.73 and a 200-day moving average price of $897.99. Costco Wholesale Co. has a 12-month low of $667.64 and a 12-month high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The stock has a market capitalization of $416.56 billion, a price-to-earnings ratio of 55.10, a P/E/G ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.