Harrington Investments INC Has $4.84 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Harrington Investments INC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,278 shares of the retailer’s stock after selling 55 shares during the period. Costco Wholesale makes up approximately 2.7% of Harrington Investments INC’s holdings, making the stock its 10th largest position. Harrington Investments INC’s holdings in Costco Wholesale were worth $4,836,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the last quarter. United Bank raised its position in shares of Costco Wholesale by 7.5% in the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after purchasing an additional 416 shares during the last quarter. Curi RMB Capital LLC boosted its stake in Costco Wholesale by 47.9% in the 3rd quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock worth $2,412,000 after purchasing an additional 881 shares in the last quarter. Balboa Wealth Partners grew its position in Costco Wholesale by 4.6% during the 3rd quarter. Balboa Wealth Partners now owns 4,621 shares of the retailer’s stock valued at $4,097,000 after purchasing an additional 204 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Costco Wholesale by 3.9% during the 3rd quarter. CIBC Asset Management Inc now owns 185,056 shares of the retailer’s stock valued at $163,968,000 after purchasing an additional 6,963 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, March 3rd. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Evercore ISI increased their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Nine research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 1.5 %

COST stock opened at $903.92 on Friday. The business’s 50-day moving average price is $989.80 and its 200-day moving average price is $944.22. The stock has a market cap of $401.25 billion, a P/E ratio of 53.08, a PEG ratio of 6.15 and a beta of 0.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s payout ratio is presently 27.09%.

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.