Fundx Investment Group Exits Position in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Fundx Investment Group has sold out all of its stake in Costco Wholesale Corporation during the most recent quarter, according to the disclosure filed by the company on May 9, 2016 with the SEC. The investment management company has sold out 1,832 shares of Costco Wholesale Corporation which is valued at $264,724.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in COST in the latest quarter, The investment management firm added 1,396 additional shares and now holds a total of 11,878 shares of Costco Wholesale Corporation which is valued at $1,716,371. Costco Wholesale Corporation makes up approx 0.88% of Sonora Investment Management’s portfolio.Us Financial Advisors reduced its stake in COST by selling 269 shares or 89.67% in the most recent quarter. The Hedge Fund company now holds 31 shares of COST which is valued at $4,540. Costco Wholesale Corporation makes up approx 0.01% of Us Financial Advisors’s portfolio.Swiss National Bank boosted its stake in COST in the latest quarter, The investment management firm added 336,500 additional shares and now holds a total of 1,182,208 shares of Costco Wholesale Corporation which is valued at $173,122,540. Costco Wholesale Corporation makes up approx 0.30% of Swiss National Bank’s portfolio.Boston Financial Mangement Inc reduced its stake in COST by selling 207 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 67,174 shares of COST which is valued at $9,836,961. Costco Wholesale Corporation makes up approx 1.47% of Boston Financial Mangement Inc’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma boosted its stake in COST in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 6,615 shares of Costco Wholesale Corporation which is valued at $979,880. Costco Wholesale Corporation makes up approx 0.02% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

Costco Wholesale Corporation closed down -2.22 points or -1.51% at $144.5 with 29,93,616 shares getting traded on Friday. Post opening the session at $146.33, the shares hit an intraday low of $144.3 and an intraday high of $146.72 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. RBC Capital Mkts Initiated Costco Wholesale Corporation on May 3, 2016 to “Outperform”, Price Target of the shares are set at $169.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 Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

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