Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,891 shares of the retailer’s stock after selling 330 shares during the quarter. Costco Wholesale makes up about 2.8% of Cyrus J. Lawrence LLC’s holdings, making the stock its 8th biggest position. Cyrus J. Lawrence LLC’s holdings in Costco Wholesale were worth $10,672,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale in the 4th quarter valued at $26,000. Horizon Bancorp Inc. IN acquired a new position in Costco Wholesale in the 2nd quarter valued at $38,000. Steph & Co. grew its stake in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares during the last quarter. Focused Wealth Management Inc grew its stake in Costco Wholesale by 101.5% in the 2nd quarter. Focused Wealth Management Inc now owns 90 shares of the retailer’s stock valued at $48,000 after buying an additional 6,000 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its stake in Costco Wholesale by 888.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Galanti sold 1,112 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $680.21, for a total transaction of $756,393.52. Following the completion of the sale, the chief financial officer now owns 24,300 shares of the company’s stock, valued at approximately $16,529,103. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,752 shares of company stock worth $9,377,669. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

COST stock traded down $6.09 during trading on Monday, hitting $717.31. 245,880 shares of the stock traded hands, compared to its average volume of 2,015,714. Costco Wholesale Co. has a one year low of $465.33 and a one year high of $728.17. The stock has a market cap of $318.29 billion, a price-to-earnings ratio of 49.31, a P/E/G ratio of 5.11 and a beta of 0.77. The company has a 50 day simple moving average of $669.74 and a 200 day simple moving average of $599.99. The company has a current ratio of 1.09, a quick ratio of 0.60 and a debt-to-equity ratio of 0.22.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.07. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The firm had revenue of $57.80 billion during the quarter, compared to the consensus estimate of $57.79 billion. During the same period last year, the firm posted $3.10 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Costco Wholesale Co. will post 15.66 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, February 1st. Costco Wholesale’s payout ratio is presently 27.81%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COST shares. Evercore ISI raised their target price on shares of Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Costco Wholesale from $620.00 to $605.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. DA Davidson increased their price target on shares of Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, December 15th. UBS Group increased their price target on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $659.96.

Check Out Our Latest Stock Report on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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