Carlton Hofferkamp & Jenks Wealth Management LLC Has $6.54 Million Position in Costco Wholesale Corporation $COST

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,055 shares of the retailer’s stock after selling 101 shares during the period. Costco Wholesale accounts for 2.4% of Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings, making the stock its 9th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Costco Wholesale were worth $6,544,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in COST. Brighton Jones LLC increased its position in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Costco Wholesale by 12.6% in the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after purchasing an additional 966 shares in the last quarter. Omnia Family Wealth LLC raised its holdings in shares of Costco Wholesale by 38.6% during the 1st quarter. Omnia Family Wealth LLC now owns 463 shares of the retailer’s stock valued at $438,000 after buying an additional 129 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Costco Wholesale by 3.9% during the 1st quarter. Perigon Wealth Management LLC now owns 21,712 shares of the retailer’s stock valued at $20,535,000 after buying an additional 816 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 1.1%

NASDAQ COST opened at $932.14 on Friday. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $413.11 billion, a PE ratio of 51.19, a P/E/G ratio of 5.72 and a beta of 0.98. The stock’s 50 day moving average is $945.23 and its 200 day moving average is $971.67.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company earned $5.15 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on COST shares. Sanford C. Bernstein boosted their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. reduced their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. The Goldman Sachs Group lifted their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Finally, Wolfe Research began coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,068.15.

Insider Activity

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the sale, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their position. The sale 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 the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the transaction, 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. Over the last three months, insiders sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is currently owned by insiders.

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.