Costco Wholesale Corporation $COST is Harbour Trust & Investment Management Co’s 6th Largest Position

Harbour Trust & Investment Management Co decreased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,419 shares of the retailer’s stock after selling 40 shares during the quarter. Costco Wholesale comprises 2.8% of Harbour Trust & Investment Management Co’s portfolio, making the stock its 6th biggest holding. Harbour Trust & Investment Management Co’s holdings in Costco Wholesale were worth $25,163,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after purchasing an additional 443,101 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Costco Wholesale by 0.4% in the 1st quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock worth $4,097,127,000 after purchasing an additional 18,045 shares during the period. Invesco Ltd. boosted its holdings in shares of Costco Wholesale by 5.2% in the 1st quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock worth $3,695,796,000 after purchasing an additional 191,985 shares during the period. Nuveen LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth approximately $3,461,159,000. Finally, Jennison Associates LLC lifted its stake in shares of Costco Wholesale by 3.9% during the 1st quarter. Jennison Associates LLC now owns 3,357,630 shares of the retailer’s stock worth $3,175,579,000 after acquiring an additional 125,441 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. BTIG Research initiated coverage on Costco Wholesale in a research note on Tuesday. They set a “buy” rating and a $1,115.00 price target for the company. Argus raised their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, Daiwa Capital Markets decreased their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Twenty investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.04.

Costco Wholesale Stock Up 1.2%

Costco Wholesale stock opened at $946.51 on Wednesday. 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 business’s 50-day simple moving average is $951.71 and its two-hundred day simple moving average is $971.87. The company has a market cap of $419.47 billion, a PE ratio of 51.98, a PEG ratio of 5.67 and a beta of 0.98. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23.

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

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, 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. Insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.