Harbor Investment Advisory LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)


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Harbor Investment Advisory LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,666 shares of the retailer’s stock after buying an additional 211 shares during the period. Harbor Investment Advisory LLC’s holdings in Costco Wholesale were worth $1,292,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COST. Hotaling Investment Management LLC raised its position in Costco Wholesale by 0.6% during the fourth quarter. Hotaling Investment Management LLC now owns 4,992 shares of the retailer’s stock worth $1,881,000 after acquiring an additional 28 shares in the last quarter. First Command Bank raised its position in Costco Wholesale by 2.9% during the fourth quarter. First Command Bank now owns 1,037 shares of the retailer’s stock worth $391,000 after acquiring an additional 29 shares in the last quarter. Affinity Capital Advisors LLC raised its position in Costco Wholesale by 2.8% during the fourth quarter. Affinity Capital Advisors LLC now owns 1,097 shares of the retailer’s stock worth $413,000 after acquiring an additional 30 shares in the last quarter. Evermay Wealth Management LLC raised its position in Costco Wholesale by 1.2% during the fourth quarter. Evermay Wealth Management LLC now owns 2,455 shares of the retailer’s stock worth $925,000 after acquiring an additional 30 shares in the last quarter. Finally, WMS Partners LLC raised its position in Costco Wholesale by 1.5% during the fourth quarter. WMS Partners LLC now owns 1,971 shares of the retailer’s stock worth $743,000 after acquiring an additional 30 shares in the last quarter. 67.21% of the stock is owned by institutional investors.

NASDAQ COST traded down $0.85 during mid-day trading on Monday, hitting $369.87. The company’s stock had a trading volume of 45,321 shares, compared to its average volume of 2,903,997. The company’s 50 day simple moving average is $340.82 and its 200 day simple moving average is $361.36. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $163.68 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 4.17 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The business had revenue of $44.77 billion during the quarter, compared to analyst estimates of $43.71 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, research analysts forecast that Costco Wholesale Co. will post 9.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be given a $0.79 dividend. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $3.16 annualized dividend and a yield of 0.85%. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.70. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.64%.

Several analysts have issued reports on the stock. Robert W. Baird dropped their price target on shares of Costco Wholesale from $410.00 to $395.00 and set an “outperform” rating on the stock in a research report on Thursday, March 11th. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $377.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, April 14th. Citigroup dropped their price objective on shares of Costco Wholesale from $380.00 to $360.00 and set a “neutral” rating on the stock in a research report on Thursday, March 11th. Telsey Advisory Group dropped their price objective on shares of Costco Wholesale from $430.00 to $375.00 and set an “outperform” rating on the stock in a research report on Friday, March 5th. Finally, DA Davidson dropped their price objective on shares of Costco Wholesale from $390.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, March 11th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $386.79.

In other Costco Wholesale news, Director Susan L. Decker sold 694 shares of Costco Wholesale stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total transaction of $252,164.90. Following the transaction, the director now directly owns 19,047 shares of the company’s stock, valued at approximately $6,920,727.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Roland Michael Vachris sold 4,300 shares of Costco Wholesale stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the transaction, the vice president now directly owns 15,602 shares in the company, valued at $5,215,748.60. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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