Harbour Trust & Investment Management Co Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Harbour Trust & Investment Management Co decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,277 shares of the retailer’s stock after selling 181 shares during the quarter. Costco Wholesale makes up 2.6% of Harbour Trust & Investment Management Co’s holdings, making the stock its 5th largest holding. Harbour Trust & Investment Management Co’s holdings in Costco Wholesale were worth $23,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $33,000. Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $55,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup upped their price objective 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. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 1.7 %

Costco Wholesale stock opened at $1,061.92 on Tuesday. The firm has a market cap of $471.39 billion, a price-to-earnings ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The business’s 50-day moving average price is $961.27 and its 200 day moving average price is $915.02. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.