K.J. Harrison & Partners Inc Decreases Holdings in Costco Wholesale Co. (NASDAQ:COST)

K.J. Harrison & Partners Inc decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,633 shares of the retailer’s stock after selling 20 shares during the period. Costco Wholesale makes up about 1.7% of K.J. Harrison & Partners Inc’s holdings, making the stock its 12th biggest holding. K.J. Harrison & Partners Inc’s holdings in Costco Wholesale were worth $10,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. New York Life Investment Management LLC lifted its stake in Costco Wholesale by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 59,440 shares of the retailer’s stock worth $54,463,000 after purchasing an additional 433 shares during the last quarter. Apriem Advisors lifted its position in Costco Wholesale by 2.7% in the fourth quarter. Apriem Advisors now owns 2,458 shares of the retailer’s stock valued at $2,253,000 after purchasing an additional 65 shares during the last quarter. GenTrust LLC boosted its stake in shares of Costco Wholesale by 0.4% during the fourth quarter. GenTrust LLC now owns 3,166 shares of the retailer’s stock valued at $2,901,000 after purchasing an additional 13 shares during the period. SRN Advisors LLC grew its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Costco Wholesale in the 4th quarter worth $224,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on COST shares. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 2.2 %

Shares of Costco Wholesale stock opened at $1,031.97 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $458.09 billion, a PE ratio of 60.60, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company’s fifty day simple moving average is $979.28 and its 200-day simple moving average is $935.71.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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, 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.