K.J. Harrison & Partners Inc lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,614 shares of the retailer's stock after selling 2,019 shares during the quarter. Costco Wholesale comprises 1.8% of K.J. Harrison & Partners Inc's investment portfolio, making the stock its 9th biggest holding. K.J. Harrison & Partners Inc's holdings in Costco Wholesale were worth $9,093,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Miramar Capital LLC boosted its stake in shares of Costco Wholesale by 1.9% in the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock worth $481,000 after acquiring an additional 10 shares during the period. Clear Investment Research LLC lifted its holdings in Costco Wholesale by 22.2% in the 4th 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. Peninsula Wealth LLC boosted its stake in Costco Wholesale by 1.2% in the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer's stock worth $749,000 after purchasing an additional 10 shares during the period. Bosun Asset Management LLC grew its holdings in Costco Wholesale by 1.6% during the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock valued at $583,000 after buying an additional 10 shares in the last quarter. Finally, Lifeworks Advisors LLC grew its holdings in Costco Wholesale by 1.2% during the 4th quarter. Lifeworks Advisors LLC now owns 895 shares of the retailer's stock valued at $820,000 after buying an additional 11 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, Director Susan L. Decker sold 547 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the transaction, the executive vice president directly owned 43,994 shares in the company, valued at approximately $43,161,193.58. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,547 shares of company stock valued at $9,496,950 over the last ninety days. Company insiders own 0.18% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on COST shares. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Mizuho started coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Tuesday, June 3rd. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Finally, Truist Financial boosted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,034.79.
Get Our Latest Analysis on COST
Costco Wholesale Trading Up 0.0%
Shares of NASDAQ:COST traded up $0.34 during trading hours on Tuesday, hitting $990.28. 448,433 shares of the company's stock traded hands, compared to its average volume of 2,067,281. The firm has a market capitalization of $439.17 billion, a P/E ratio of 56.07, a price-to-earnings-growth ratio of 5.82 and a beta of 1.00. The business has a fifty day moving average price of $1,004.54 and a 200-day moving average price of $981.06. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $3.78 EPS. Equities analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.
Costco Wholesale Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. Costco Wholesale's dividend payout ratio (DPR) is 29.50%.
Costco Wholesale Profile
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Free Report)
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.
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