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

Cyrus J. Lawrence LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,509 shares of the retailer’s stock after buying an additional 281 shares during the period. Costco Wholesale accounts for approximately 3.2% of Cyrus J. Lawrence LLC’s investment portfolio, making the stock its 9th biggest position. Cyrus J. Lawrence LLC’s holdings in Costco Wholesale were worth $15,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale during the first quarter worth about $32,000. Financial Connections Group Inc. increased its position in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $34,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $36,000. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock worth $4,252,856 over the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COST shares. DA Davidson restated a “neutral” rating and issued a $780.00 price target on shares of Costco Wholesale in a research note on Friday, September 6th. Argus upped their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Citigroup lifted their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $853.92.

Costco Wholesale Stock Up 0.7 %

NASDAQ:COST opened at $906.98 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The firm’s 50 day simple moving average is $864.85 and its 200 day simple moving average is $811.52. The company has a market cap of $402.10 billion, a PE ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is 28.75%.

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.