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

Harbour Capital Advisors LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,901 shares of the retailer’s stock after selling 36 shares during the quarter. Costco Wholesale accounts for approximately 1.6% of Harbour Capital Advisors LLC’s portfolio, making the stock its 11th largest holding. Harbour Capital Advisors LLC’s holdings in Costco Wholesale were worth $7,242,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD acquired a new stake in Costco Wholesale in the 2nd quarter valued at about $4,226,000. Abound Wealth Management grew its position in shares of Costco Wholesale by 3.5% in the second quarter. Abound Wealth Management now owns 743 shares of the retailer’s stock valued at $631,000 after purchasing an additional 25 shares during the last quarter. Black Diamond Financial LLC increased its stake in shares of Costco Wholesale by 53.4% during the 2nd quarter. Black Diamond Financial LLC now owns 557 shares of the retailer’s stock worth $474,000 after purchasing an additional 194 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares during the last quarter. Finally, One Capital Management LLC lifted its stake in Costco Wholesale by 36.5% in the 2nd quarter. One Capital Management LLC now owns 11,696 shares of the retailer’s stock valued at $9,941,000 after buying an additional 3,130 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Down 1.3 %

NASDAQ:COST opened at $924.70 on Tuesday. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The business’s 50-day moving average is $948.69 and its two-hundred day moving average is $899.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a market capitalization of $410.47 billion, a PE ratio of 54.30, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COST. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. DA Davidson boosted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.