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

HF Advisory Group LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 387 shares of the retailer’s stock after buying an additional 16 shares during the period. HF Advisory Group LLC’s holdings in Costco Wholesale were worth $355,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Costco Wholesale during the second quarter valued at $4,202,000. Beck Bode LLC grew its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after purchasing an additional 260 shares during the last quarter. Pacer Advisors Inc. raised its position in Costco Wholesale by 7.2% in the 2nd quarter. Pacer Advisors Inc. now owns 68,324 shares of the retailer’s stock worth $58,075,000 after purchasing an additional 4,577 shares during the period. Thrivent Financial for Lutherans lifted its stake in Costco Wholesale by 11.3% in the second quarter. Thrivent Financial for Lutherans now owns 64,820 shares of the retailer’s stock worth $55,096,000 after purchasing an additional 6,587 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in Costco Wholesale by 13.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,356 shares of the retailer’s stock worth $1,153,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Barclays raised their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets boosted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Up 2.5 %

NASDAQ COST opened at $943.19 on Monday. The stock 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. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a fifty day simple moving average of $949.82 and a two-hundred day simple moving average of $901.47.

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.