HB Wealth Management LLC Buys 1,590 Shares of Costco Wholesale Co. (NASDAQ:COST)

HB Wealth Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,491 shares of the retailer’s stock after purchasing an additional 1,590 shares during the quarter. HB Wealth Management LLC’s holdings in Costco Wholesale were worth $18,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale in the 4th quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $58,000. Finally, 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 valued at $65,000 after acquiring an additional 56 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COST. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, DA Davidson upped their price target on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm’s 50 day moving average price is $949.82 and its 200-day moving average price is $901.17. The firm has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

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.