Harbor Investment Advisory LLC Lowers Holdings in Costco Wholesale Co. (NASDAQ:COST)

Harbor Investment Advisory LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 5,676 shares of the retailer’s stock after selling 17 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Costco Wholesale were worth $5,201,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $58,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale during the third quarter worth $58,000. Finally, Christopher J. Hasenberg Inc lifted its position in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 2.5 %

COST opened at $943.19 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock’s 50 day moving average price is $949.82 and its 200 day moving average price is $901.74. The stock has a market cap of $418.68 billion, a P/E ratio of 55.38, a P/E/G ratio of 5.60 and a beta of 0.84.

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.