Carlton Hofferkamp & Jenks Wealth Management LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 15,572 shares of the retailer’s stock after selling 377 shares during the period. Costco Wholesale makes up approximately 1.8% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Costco Wholesale were worth $2,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in COST. Vanguard Group Inc. raised its stake in Costco Wholesale by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares during the last quarter. BlackRock Inc. raised its stake in Costco Wholesale by 2.9% in the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares during the last quarter. Capital World Investors raised its stake in Costco Wholesale by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares during the last quarter. Capital Research Global Investors raised its stake in Costco Wholesale by 2.3% in the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after purchasing an additional 207,675 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Costco Wholesale by 14.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock valued at $1,118,138,000 after purchasing an additional 858,969 shares during the last quarter. 72.06% of the stock is owned by institutional investors and hedge funds.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $184.15 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $79,504.52, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. Costco Wholesale Co. has a fifty-two week low of $150.00 and a fifty-two week high of $199.88.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The company had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. equities research analysts forecast that Costco Wholesale Co. will post 6.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.

In other news, Director John W. Meisenbach sold 3,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares in the company, valued at approximately $1,585,932.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy L. Rose sold 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The disclosure for this sale can be found here. Insiders have sold a total of 91,185 shares of company stock valued at $17,408,817 in the last quarter. Company insiders own 0.58% of the company’s stock.

Several research analysts recently weighed in on the stock. Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 target price for the company in a research note on Monday, February 5th. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Argus boosted their target price on shares of Costco Wholesale to $200.00 and gave the company a “buy” rating in a research note on Monday. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price for the company in a research note on Friday, January 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $215.00 target price on shares of Costco Wholesale in a research note on Friday, December 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $190.36.

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Costco Wholesale Profile

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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