Harrington Investments INC Lowers Stake in Costco Wholesale Corporation $COST

Harrington Investments INC lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,326 shares of the retailer’s stock after selling 90 shares during the quarter. Costco Wholesale comprises 2.8% of Harrington Investments INC’s portfolio, making the stock its 9th biggest holding. Harrington Investments INC’s holdings in Costco Wholesale were worth $5,272,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COST. Bulwark Capital Corp bought a new position in shares of Costco Wholesale in the second quarter worth about $25,000. Anderson Financial Strategies LLC raised its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the period. eCIO Inc. bought a new position in shares of Costco Wholesale in the first quarter worth about $48,000. Aspect Partners LLC raised its stake in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares during the period. Finally, Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.1%

COST opened at $951.16 on Monday. The firm has a market cap of $421.82 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 5.34 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The stock has a fifty day moving average price of $957.97 and a 200-day moving average price of $971.32.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s payout ratio is presently 29.50%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on 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 directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several recent research reports. Morgan Stanley raised their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Wolfe Research started coverage on Costco Wholesale in a research report on Thursday. They set a “peer perform” rating for the company. Loop Capital cut their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Finally, Truist Financial raised their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

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.