K.J. Harrison & Partners Inc Has $10.58 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

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

Other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC raised its holdings in shares of Costco Wholesale by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 59,440 shares of the retailer’s stock valued at $54,463,000 after purchasing an additional 433 shares during the period. Apriem Advisors lifted its holdings in shares of Costco Wholesale by 2.7% in the 4th quarter. Apriem Advisors now owns 2,458 shares of the retailer’s stock worth $2,253,000 after purchasing an additional 65 shares in the last quarter. GenTrust LLC grew its position in Costco Wholesale by 0.4% in the 4th 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 increased its stake in Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth about $224,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. TD Cowen upped their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,031.97 on Thursday. The stock’s 50-day simple moving average is $979.28 and its two-hundred day simple moving average is $935.71. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The firm has a market capitalization of $458.09 billion, a P/E ratio of 60.60, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

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

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.