Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lifted by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,533 shares of the retailer’s stock after buying an additional 71 shares during the period. Costco Wholesale makes up about 3.3% of Cyrus J. Lawrence LLC’s investment portfolio, making the stock its 11th largest holding. Cyrus J. Lawrence LLC’s holdings in Costco Wholesale were worth $16,980,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter valued at $29,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at $31,000. NewSquare Capital LLC increased its holdings in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale in the fourth quarter valued at $35,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on COST shares. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial boosted their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Stock Up 1.5 %

COST stock opened at $909.26 on Friday. 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 52-week low of $697.27 and a 52-week high of $1,078.24. The company has a 50-day moving average of $987.55 and a two-hundred day moving average of $944.60. The stock has a market capitalization of $403.42 billion, a price-to-earnings ratio of 53.39, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Insider Buying and Selling at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.