Bar Harbor Wealth Management Has $33.53 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Bar Harbor Wealth Management trimmed its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,454 shares of the retailer's stock after selling 738 shares during the quarter. Costco Wholesale comprises approximately 2.2% of Bar Harbor Wealth Management's holdings, making the stock its 7th biggest position. Bar Harbor Wealth Management's holdings in Costco Wholesale were worth $33,532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock worth $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC lifted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after purchasing an additional 10 shares in the last quarter. Miramar Capital LLC lifted its position in shares of Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after purchasing an additional 10 shares in the last quarter. Finally, Clear Investment Research LLC lifted its position in shares of Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James C. Klauer sold 4,000 shares of the business's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now directly owns 43,994 shares in the company, valued at $43,161,193.58. This represents a 8.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock worth $10,825,205 in the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $12.50 during mid-day trading on Friday, hitting $990.21. The stock had a trading volume of 1,782,964 shares, compared to its average volume of 2,064,562. The stock has a market capitalization of $439.14 billion, a price-to-earnings ratio of 58.15, a P/E/G ratio of 6.15 and a beta of 1.00. The company has a 50 day simple moving average of $998.80 and a 200-day simple moving average of $980.70. Costco Wholesale Co. has a 52 week low of $793.00 and a 52 week high of $1,078.24. 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 (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.78 EPS. On average, research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $1.30 dividend. The ex-dividend date was Friday, May 2nd. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

Analyst Ratings Changes

A number of research firms have recently commented on COST. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,070.00 to $1,075.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research report on Thursday, May 29th. Cfra Research raised shares of Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Loop Capital cut their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Tuesday, June 3rd. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,035.32.

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.