Harbour Investments Inc. Lowers Stock Holdings in Costco Wholesale Corporation $COST

Harbour Investments Inc. lowered its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,381 shares of the retailer’s stock after selling 110 shares during the quarter. Harbour Investments Inc.’s holdings in Costco Wholesale were worth $10,277,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new position in Costco Wholesale during the second quarter worth approximately $25,000. Anderson Financial Strategies LLC lifted its position in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares in the last quarter. Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after acquiring an additional 18 shares in the last quarter. Finally, eCIO Inc. purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $946.51 on Wednesday. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock has a market cap of $419.47 billion, a PE ratio of 51.98, a P/E/G ratio of 5.67 and a beta of 0.98. The stock has a 50 day moving average price of $951.71 and a 200 day moving average price of $971.87.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.15 earnings per share. Equities research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Oppenheimer restated an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. BTIG Research assumed coverage on Costco Wholesale in a research report on Tuesday. They issued a “buy” rating and a $1,115.00 target price on the stock. Truist Financial decreased their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Finally, Evercore ISI decreased their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Twenty analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,068.04.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

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.