Costco Wholesale Corporation (COST) Position Boosted by Honkamp Krueger Financial Services Inc.

Honkamp Krueger Financial Services Inc. boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,601 shares of the retailer’s stock after buying an additional 736 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Costco Wholesale Corporation were worth $896,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of COST. Delta Asset Management LLC TN increased its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after buying an additional 65 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale Corporation in the second quarter valued at $107,000. Mercer Capital Advisers Inc. increased its holdings in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares during the last quarter. Finally, Ledyard National Bank increased its holdings in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after buying an additional 130 shares during the last quarter. 72.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 160.04 on Wednesday. The stock’s 50 day moving average is $156.49 and its 200-day moving average is $165.72. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The firm has a market capitalization of $70.19 billion, a P/E ratio of 27.78 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock valued at $477,120 over the last quarter. Insiders own 0.74% of the company’s stock.

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Several equities analysts recently commented on COST shares. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a report on Monday, August 21st. Deutsche Bank AG reaffirmed a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.23.

Costco Wholesale Corporation Company 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.

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

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