Costco Wholesale Co. (NASDAQ:COST) is Lyell Wealth Management LP’s 9th Largest Position

Lyell Wealth Management LP raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,695 shares of the retailer’s stock after purchasing an additional 249 shares during the period. Costco Wholesale accounts for approximately 2.0% of Lyell Wealth Management LP’s portfolio, making the stock its 9th largest holding. Lyell Wealth Management LP’s holdings in Costco Wholesale were worth $17,621,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of COST. International Assets Investment Management LLC increased its position in Costco Wholesale by 61,693.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock worth $2,049,630,000 after purchasing an additional 3,100,099 shares in the last quarter. C WorldWide Group Holding A S purchased a new stake in shares of Costco Wholesale during the third quarter worth about $390,630,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $297,915,000. Invesco Ltd. lifted its stake in shares of Costco Wholesale by 18.3% during the third quarter. Invesco Ltd. now owns 2,088,673 shares of the retailer’s stock valued at $1,180,016,000 after buying an additional 323,346 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in Costco Wholesale by 34.8% during the third quarter. Canada Pension Plan Investment Board now owns 1,161,630 shares of the retailer’s stock worth $656,274,000 after acquiring an additional 300,000 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. Tigress Financial boosted their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. DA Davidson reiterated a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a research report on Thursday, April 11th. Roth Mkm lifted their price target on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $800.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, Oppenheimer boosted their target price on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $694.48.

Costco Wholesale Stock Up 0.2 %

Shares of NASDAQ COST traded up $1.21 during trading on Wednesday, reaching $723.89. 1,203,546 shares of the stock were exchanged, compared to its average volume of 2,067,977. The business’s 50-day moving average price is $730.36 and its 200 day moving average price is $664.46. The company has a market capitalization of $321.05 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 4.76 and a beta of 0.77. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period in the prior year, the company posted $3.30 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.64%. Costco Wholesale’s payout ratio is currently 26.68%.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Susan L. Decker sold 1,442 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the transaction, the director now owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. In the last three months, insiders sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is currently owned by insiders.

Costco Wholesale 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.