Harrington Investments INC decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,293 shares of the retailer’s stock after selling 101 shares during the period. Costco Wholesale makes up 1.3% of Harrington Investments INC’s portfolio, making the stock its 28th largest position. Harrington Investments INC’s holdings in Costco Wholesale were worth $1,994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in Costco Wholesale by 4.8% during the second quarter. FMR LLC now owns 12,077,579 shares of the retailer’s stock worth $3,662,043,000 after purchasing an additional 551,799 shares during the period. Morgan Stanley lifted its stake in shares of Costco Wholesale by 21.0% during the 3rd quarter. Morgan Stanley now owns 5,049,567 shares of the retailer’s stock valued at $1,792,598,000 after buying an additional 876,624 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Costco Wholesale by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 3,391,071 shares of the retailer’s stock worth $1,203,830,000 after buying an additional 108,176 shares during the period. UBS Asset Management Americas Inc. grew its stake in Costco Wholesale by 6.0% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,349,244 shares of the retailer’s stock valued at $833,982,000 after buying an additional 133,145 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,092,367 shares of the retailer’s stock valued at $742,790,000 after acquiring an additional 6,087 shares during the period. Hedge funds and other institutional investors own 67.21% of the company’s stock.

In related news, VP Paul G. Moulton sold 9,015 shares of Costco Wholesale stock in a transaction on Friday, January 8th. The shares were sold at an average price of $366.50, for a total value of $3,303,997.50. Following the sale, the vice president now owns 23,049 shares in the company, valued at $8,447,458.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Patrick J. Callans sold 2,500 shares of the business’s stock in a transaction on Monday, December 14th. The shares were sold at an average price of $374.65, for a total transaction of $936,625.00. Following the transaction, the vice president now directly owns 59,838 shares in the company, valued at $22,418,306.70. The disclosure for this sale can be found here. In the last three months, insiders sold 19,376 shares of company stock worth $7,187,423. Insiders own 0.22% of the company’s stock.

Several brokerages have recently weighed in on COST. Credit Suisse Group lifted their price target on Costco Wholesale from $328.00 to $370.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Royal Bank of Canada increased their price target on shares of Costco Wholesale from $412.00 to $419.00 in a report on Thursday, November 5th. Robert W. Baird raised their price objective on shares of Costco Wholesale from $375.00 to $410.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Morgan Stanley upped their target price on shares of Costco Wholesale from $400.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, December 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $430.00 price target on shares of Costco Wholesale in a report on Wednesday, December 30th. Twelve equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus price target of $386.64.

Shares of COST traded up $2.75 during trading hours on Wednesday, hitting $366.95. The company had a trading volume of 1,947,377 shares, compared to its average volume of 2,635,072. Costco Wholesale Co. has a 52-week low of $271.28 and a 52-week high of $393.15. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $373.93 and its 200 day moving average price is $354.36. The firm has a market cap of $162.54 billion, a P/E ratio of 37.39, a P/E/G ratio of 4.26 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, December 9th. The retailer reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.24. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the previous year, the firm earned $1.73 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, research analysts expect that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

About Costco Wholesale

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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