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

Harbour Capital Advisors LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 3rd quarter, Holdings Channel reports. The fund owned 7,937 shares of the retailer’s stock after selling 94 shares during the quarter. Costco Wholesale comprises 1.7% 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 $7,216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Strong Tower Advisory Services boosted its holdings in Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after purchasing an additional 137 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after acquiring an additional 2,620 shares during the period. Main Street Financial Solutions LLC increased its stake in Costco Wholesale by 22.8% during the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after acquiring an additional 656 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its position in Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at approximately $9,091,512.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,224 shares of company stock valued at $9,974,973 in the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

NASDAQ:COST opened at $885.29 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The stock has a market cap of $392.48 billion, a P/E ratio of 54.85, a P/E/G ratio of 5.53 and a beta of 0.80. The stock has a 50-day simple moving average of $888.57 and a 200-day simple moving average of $831.04.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $4.86 earnings per share. As a group, analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COST shares. DA Davidson reiterated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a report on Thursday, October 10th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research note on Thursday, August 8th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley lifted their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Tigress Financial restated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $890.07.

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.