HHM Wealth Advisors LLC Has $428,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

HHM Wealth Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467 shares of the retailer’s stock after purchasing an additional 16 shares during the period. HHM Wealth Advisors LLC’s holdings in Costco Wholesale were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fermata Advisors LLC lifted its position in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC lifted its holdings 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 acquiring an additional 11 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC grew its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC increased its position in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Truist Financial raised their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. Evercore ISI upped their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Up 2.6 %

Shares of COST stock opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,009.61. 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 stock has a 50 day simple moving average of $954.51 and a two-hundred day simple moving average of $908.28. The company has a market cap of $446.49 billion, a P/E ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.46%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

About Costco Wholesale

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.