Harbour Capital Advisors LLC lessened its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,612 shares of the retailer's stock after selling 1,289 shares during the quarter. Costco Wholesale makes up 1.6% of Harbour Capital Advisors LLC's portfolio, making the stock its 12th largest holding. Harbour Capital Advisors LLC's holdings in Costco Wholesale were worth $6,394,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of COST. Vanguard Group Inc. lifted its position in Costco Wholesale by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 42,201,610 shares of the retailer's stock valued at $38,668,069,000 after purchasing an additional 455,043 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Costco Wholesale by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. FMR LLC grew its stake in shares of Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer's stock valued at $8,665,921,000 after acquiring an additional 149,209 shares during the period. GAMMA Investing LLC grew its stake in shares of Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer's stock valued at $7,717,744,000 after acquiring an additional 8,152,528 shares during the period. Finally, Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $5,182,316,000. Institutional investors own 68.48% of the company's stock.
Insider Buying and Selling at Costco Wholesale
In related news, EVP Patrick J. Callans sold 3,000 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the sale, the executive vice president now directly owns 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the transaction, the director now owns 11,531 shares in the company, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock worth $9,496,950 over the last ninety days. Company insiders own 0.18% of the company's stock.
Costco Wholesale Price Performance
COST traded down $3.63 during trading hours on Thursday, hitting $982.91. The company's stock had a trading volume of 2,260,136 shares, compared to its average volume of 2,067,659. The stock has a market cap of $435.90 billion, a price-to-earnings ratio of 55.75, a P/E/G ratio of 5.92 and a beta of 1.00. The business's 50-day moving average price is $1,004.32 and its 200-day moving average price is $981.29. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The business's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $3.78 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.
Costco Wholesale Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $1.30 per share. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, May 2nd. Costco Wholesale's payout ratio is presently 29.50%.
Analyst Ratings Changes
COST has been the topic of several analyst reports. Robert W. Baird lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Cowen restated a "buy" rating on shares of Costco Wholesale in a research report on Friday, March 7th. Evercore ISI dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a report on Tuesday, June 17th. Barclays raised their price target on Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,034.79.
View Our Latest Analysis on Costco Wholesale
About Costco Wholesale
(
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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