HHM Wealth Advisors LLC Cuts Position in Costco Wholesale Corporation $COST

HHM Wealth Advisors LLC cut its position in Costco Wholesale Corporation (NASDAQ:COST) by 12.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 441 shares of the retailer’s stock after selling 65 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Costco Wholesale were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthspire Advisors LLC boosted its stake in shares of Costco Wholesale by 2.0% in the second quarter. Wealthspire Advisors LLC now owns 15,799 shares of the retailer’s stock valued at $15,640,000 after purchasing an additional 312 shares during the period. Perennial Investment Advisors LLC grew its stake in shares of Costco Wholesale by 3.7% in the second quarter. Perennial Investment Advisors LLC now owns 4,167 shares of the retailer’s stock worth $4,126,000 after acquiring an additional 150 shares in the last quarter. Purus Wealth Management LLC increased its position in shares of Costco Wholesale by 2.6% during the second quarter. Purus Wealth Management LLC now owns 16,139 shares of the retailer’s stock worth $15,976,000 after acquiring an additional 413 shares during the period. Portside Wealth Group LLC raised its stake in shares of Costco Wholesale by 27.2% in the second quarter. Portside Wealth Group LLC now owns 2,196 shares of the retailer’s stock valued at $2,173,000 after acquiring an additional 469 shares in the last quarter. Finally, Inspire Advisors LLC boosted its holdings in Costco Wholesale by 21.0% in the second quarter. Inspire Advisors LLC now owns 288 shares of the retailer’s stock valued at $285,000 after purchasing an additional 50 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the sale, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. This represents a 28.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,720 shares of company stock worth $9,010,257 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $895.08 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The company has a market cap of $396.68 billion, a price-to-earnings ratio of 49.15, a PEG ratio of 5.54 and a beta of 0.98. The firm has a 50 day moving average price of $932.06 and a 200 day moving average price of $964.95. Costco Wholesale Corporation has a 1 year low of $871.71 and a 1 year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the prior year, the company earned $5.15 EPS. The company’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Analyst Ratings Changes

COST has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Hovde Group assumed coverage on shares of Costco Wholesale in a report on Tuesday. They issued a “market perform” rating and a $16.00 target price for the company. Oppenheimer cut their price target on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, Morgan Stanley cut their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,025.07.

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.