Hemington Wealth Management Purchases 37 Shares of Costco Wholesale Co. (NASDAQ:COST)

Hemington Wealth Management lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,098 shares of the retailer’s stock after purchasing an additional 37 shares during the quarter. Hemington Wealth Management’s holdings in Costco Wholesale were worth $1,006,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COST. Park Capital Management LLC WI acquired a new stake in Costco Wholesale in the 4th quarter valued at about $224,000. Ingalls & Snyder LLC increased its position in Costco Wholesale by 14.9% in the 4th quarter. Ingalls & Snyder LLC now owns 1,963 shares of the retailer’s stock valued at $1,799,000 after acquiring an additional 254 shares in the last quarter. Consolidated Planning Corp increased its position in Costco Wholesale by 17.1% in the 4th quarter. Consolidated Planning Corp now owns 8,768 shares of the retailer’s stock valued at $8,034,000 after acquiring an additional 1,280 shares in the last quarter. Raab & Moskowitz Asset Management LLC increased its position in Costco Wholesale by 5.3% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 15,129 shares of the retailer’s stock valued at $13,863,000 after acquiring an additional 759 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC increased its position in Costco Wholesale by 12.4% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 544 shares of the retailer’s stock valued at $498,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $1,076.86 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The firm’s 50 day moving average price is $966.02 and its two-hundred day moving average price is $919.48. The firm has a market cap of $478.02 billion, a P/E ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.