RD Lewis Holdings Inc. Buys Shares of 1,951 Costco Wholesale Co. (NASDAQ:COST)

RD Lewis Holdings Inc. bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,951 shares of the retailer’s stock, valued at approximately $1,788,000. Costco Wholesale makes up about 2.0% of RD Lewis Holdings Inc.’s portfolio, making the stock its 19th largest holding.

Several other institutional investors also recently bought and sold shares of COST. Proficio Capital Partners LLC boosted its stake in Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares during the last quarter. FMR LLC raised its holdings in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Finally, Amundi raised its holdings in shares of Costco Wholesale by 11.2% in the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock worth $2,132,519,000 after buying an additional 231,969 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 1.4 %

Shares of NASDAQ COST opened at $916.61 on Tuesday. The company’s 50-day simple moving average is $989.68 and its 200-day simple moving average is $945.08. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The firm has a market cap of $406.88 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. 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 (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale’s payout ratio is presently 27.09%.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’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 transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on COST. Truist Financial raised their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, March 7th. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. DA Davidson raised 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. Finally, Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

About Costco Wholesale

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.