Costco Wholesale Corporation $COST Shares Sold by Marietta Wealth Management LLC

Marietta Wealth Management LLC decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 14,243 shares of the retailer’s stock after selling 126 shares during the period. Costco Wholesale comprises 1.8% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 16th biggest holding. Marietta Wealth Management LLC’s holdings in Costco Wholesale were worth $14,100,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Simplicity Wealth LLC boosted its holdings in Costco Wholesale by 383.4% during the second quarter. Simplicity Wealth LLC now owns 17,485 shares of the retailer’s stock worth $17,309,000 after buying an additional 13,868 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in shares of Costco Wholesale by 24.8% in the second quarter. Brown Miller Wealth Management LLC now owns 1,246 shares of the retailer’s stock worth $1,233,000 after acquiring an additional 248 shares during the period. OLD National Bancorp IN boosted its stake in shares of Costco Wholesale by 36.3% during the 2nd quarter. OLD National Bancorp IN now owns 32,322 shares of the retailer’s stock worth $31,997,000 after acquiring an additional 8,603 shares in the last quarter. Sutton Place Investors LLC grew its position in shares of Costco Wholesale by 9.3% during the 2nd quarter. Sutton Place Investors LLC now owns 376 shares of the retailer’s stock valued at $372,000 after acquiring an additional 32 shares during the period. Finally, Wealthcare Capital Partners LLC increased its stake in shares of Costco Wholesale by 5.1% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 429 shares of the retailer’s stock valued at $424,000 after purchasing an additional 21 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

COST has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. JPMorgan Chase & Co. reduced their price objective on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Finally, Truist Financial dropped their target price on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Costco Wholesale Price Performance

COST stock opened at $915.38 on Monday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $405.95 billion, a price-to-earnings ratio of 50.27, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The business has a fifty day moving average of $953.54 and a two-hundred day moving average of $972.15.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $5.15 EPS. As a group, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

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.