Costco Wholesale Corporation (COST) : Asset Advisors Corp reduced its stake in Costco Wholesale Corporation by 0.21% during the most recent quarter end. The investment management company now holds a total of 70,095 shares of Costco Wholesale Corporation which is valued at $10,508,642 after selling 150 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Costco Wholesale Corporation makes up approximately 2.26% of Asset Advisors Corp’s portfolio.
Costco Wholesale Corporation closed down -1.5 points or -0.99% at $149.92 with 22,33,857 shares getting traded on Friday. Post opening the session at $151.05, the shares hit an intraday low of $149.36 and an intraday high of $151.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , First Citizens Bank Trust Co reduced its stake in COST by selling 22,924 shares or 24.91% in the most recent quarter. The Hedge Fund company now holds 69,092 shares of COST which is valued at $10,358,273. Costco Wholesale Corporation makes up approx 0.85% of First Citizens Bank Trust Co’s portfolio.Stralem Co Inc reduced its stake in COST by selling 800 shares or 12.7% in the most recent quarter. The Hedge Fund company now holds 5,500 shares of COST which is valued at $824,560. Costco Wholesale Corporation makes up approx 0.09% of Stralem Co Inc’s portfolio.Private Trust Co Na boosted its stake in COST in the latest quarter, The investment management firm added 1,402 additional shares and now holds a total of 12,612 shares of Costco Wholesale Corporation which is valued at $1,890,791. Costco Wholesale Corporation makes up approx 0.50% of Private Trust Co Na’s portfolio.
On the company’s financial health, Costco Wholesale Corporation reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Dec 8, 2015. Analyst had a consensus of $1.17. The company had revenue of $27200.00 million for the quarter, compared to analysts expectations of $27729.79 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
Many Wall Street Analysts have commented on Costco Wholesale Corporation. Costco Wholesale Corporation was Resumed by Barclays to “Equal Weight” on Mar 31, 2016. Shares were Reiterated by Telsey Advisory Group on Mar 4, 2016 to “Outperform” and Lowered the Price Target to $ 170 from a previous price target of $175 .
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Companys warehouses generally operate on a seven-day 69-hour week. The Companys product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Companys online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.