Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,901 shares of the retailer’s stock after selling 36 shares during the period. Costco Wholesale comprises approximately 1.6% of Harbour Capital Advisors LLC’s holdings, making the stock its 11th largest holding. Harbour Capital Advisors LLC’s holdings in Costco Wholesale were worth $7,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clean Yield Group increased its holdings in Costco Wholesale by 54.6% in the fourth quarter. Clean Yield Group now owns 705 shares of the retailer’s stock valued at $646,000 after buying an additional 249 shares during the last quarter. Forza Wealth Management LLC increased its holdings in shares of Costco Wholesale by 16.3% in the 4th quarter. Forza Wealth Management LLC now owns 3,080 shares of the retailer’s stock valued at $2,822,000 after acquiring an additional 431 shares during the last quarter. Accelerate Investment Advisors LLC raised its position in shares of Costco Wholesale by 143.3% during the 4th quarter. Accelerate Investment Advisors LLC now owns 596 shares of the retailer’s stock valued at $546,000 after acquiring an additional 351 shares in the last quarter. Cooper Financial Group lifted its stake in Costco Wholesale by 5.7% during the fourth quarter. Cooper Financial Group now owns 4,863 shares of the retailer’s stock worth $4,456,000 after purchasing an additional 263 shares during the last quarter. Finally, Cadent Capital Advisors LLC boosted its holdings in Costco Wholesale by 2.0% in the fourth quarter. Cadent Capital Advisors LLC now owns 763 shares of the retailer’s stock worth $700,000 after purchasing an additional 15 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 1.3 %

Shares of NASDAQ:COST opened at $924.70 on Tuesday. The stock has a market capitalization of $410.47 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a 50 day moving average price of $948.69 and a 200 day moving average price of $899.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COST. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Citigroup lifted their target price 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. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.