HHM Wealth Advisors LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

HHM Wealth Advisors LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 467 shares of the retailer’s stock after buying an additional 16 shares during the period. HHM Wealth Advisors LLC’s holdings in Costco Wholesale were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $42,896,000. Czech National Bank increased its holdings in Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after buying an additional 5,799 shares during the last quarter. GAMMA Investing LLC raised its position in Costco Wholesale by 24.2% in the third quarter. GAMMA Investing LLC now owns 6,661 shares of the retailer’s stock worth $5,905,000 after acquiring an additional 1,300 shares during the period. Diversified Trust Co boosted its stake in Costco Wholesale by 5.6% in the third quarter. Diversified Trust Co now owns 7,631 shares of the retailer’s stock valued at $6,765,000 after acquiring an additional 403 shares during the last quarter. Finally, Everpar Advisors LLC grew its position in shares of Costco Wholesale by 3.3% during the 3rd quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after acquiring an additional 17 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 2.6 %

Shares of NASDAQ:COST opened at $1,005.83 on Tuesday. The firm has a fifty day moving average of $954.51 and a 200 day moving average of $908.28. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-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 firm has a market capitalization of $446.49 billion, a PE ratio of 59.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of several research analyst reports. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.