Cyrus J. Lawrence LLC Has $16.98 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cyrus J. Lawrence LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,533 shares of the retailer’s stock after purchasing an additional 71 shares during the period. Costco Wholesale makes up 3.3% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 11th biggest position. Cyrus J. Lawrence LLC’s holdings in Costco Wholesale were worth $16,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mizuho Securities USA LLC raised its position in Costco Wholesale by 46.1% in the fourth quarter. Mizuho Securities USA LLC now owns 41,993 shares of the retailer’s stock worth $38,477,000 after purchasing an additional 13,245 shares in the last quarter. Virtu Financial LLC grew its stake in Costco Wholesale by 289.5% during the fourth quarter. Virtu Financial LLC now owns 17,136 shares of the retailer’s stock worth $15,701,000 after buying an additional 12,736 shares during the last quarter. ZEGA Investments LLC bought a new stake in Costco Wholesale during the fourth quarter worth about $4,412,000. Millstone Evans Group LLC bought a new stake in Costco Wholesale during the fourth quarter worth about $826,000. Finally, Mindset Wealth Management LLC grew its stake in Costco Wholesale by 13.3% during the fourth quarter. Mindset Wealth Management LLC now owns 665 shares of the retailer’s stock worth $609,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on COST shares. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Raymond James increased their price target 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. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

Costco Wholesale Trading Up 1.5 %

Shares of NASDAQ:COST opened at $909.26 on Friday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $987.55 and its 200 day simple moving average is $944.60. The firm has a market cap of $403.42 billion, a price-to-earnings ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. As a group, research analysts forecast 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. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s payout ratio is currently 27.09%.

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.