Carlton Hofferkamp & Jenks Wealth Management LLC Has $6.58 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,185 shares of the retailer’s stock after selling 168 shares during the period. Costco Wholesale makes up about 2.5% of Carlton Hofferkamp & Jenks Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Costco Wholesale were worth $6,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.2 %

COST opened at $1,046.85 on Tuesday. The company’s 50 day moving average is $984.45 and its 200-day moving average is $939.83. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $464.70 billion, a P/E ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday. Finally, UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.