Carlton Hofferkamp & Jenks Wealth Management LLC Acquires 55 Shares of Costco Wholesale Corporation (COST)
Carlton Hofferkamp & Jenks Wealth Management LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,748 shares of the retailer’s stock after acquiring an additional 55 shares during the period. Costco Wholesale Corporation comprises approximately 1.7% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 10th largest holding. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Costco Wholesale Corporation were worth $2,518,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Costco Wholesale Corporation by 1.3% in the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after buying an additional 239,479 shares during the last quarter. FMR LLC boosted its position in Costco Wholesale Corporation by 1.5% in the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after buying an additional 177,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Costco Wholesale Corporation by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Costco Wholesale Corporation by 62.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the last quarter. Finally, Janus Capital Management LLC boosted its position in Costco Wholesale Corporation by 8.6% in the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares during the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.
In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the sale, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $477,120 in the last 90 days. 0.74% of the stock is currently owned by company insiders.
COST has been the topic of a number of recent research reports. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a research report on Monday, August 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $179.23.
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Costco Wholesale Corporation (COST) traded down 0.04% during mid-day trading on Friday, hitting $162.30. The company’s stock had a trading volume of 3,757,799 shares. The firm has a market cap of $71.18 billion, a price-to-earnings ratio of 28.18 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The firm has a 50 day moving average of $157.60 and a 200-day moving average of $165.44. Costco Wholesale Corporation also saw unusually large options trading activity on Thursday. Traders acquired 6,031 put options on the company. This represents an increase of approximately 231% compared to the average volume of 1,822 put options.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Wednesday, August 16th. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.
About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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