Ardevora Asset Management Llp buys $32,401,176 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Ardevora Asset Management Llp scooped up 29,600 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 193,002 shares of Costco Wholesale Corporation which is valued at $32,401,176.Costco Wholesale Corporation makes up approximately 1.28% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Schnieders Capital Management boosted its stake in COST in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 7,303 shares of Costco Wholesale Corporation which is valued at $1,226,028. Costco Wholesale Corporation makes up approx 0.67% of Schnieders Capital Management’s portfolio.Buffington Mohr Mcneal boosted its stake in COST in the latest quarter, The investment management firm added 4,660 additional shares and now holds a total of 45,832 shares of Costco Wholesale Corporation which is valued at $7,686,026. Costco Wholesale Corporation makes up approx 3.32% of Buffington Mohr Mcneal’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in COST in the latest quarter, The investment management firm added 2,088 additional shares and now holds a total of 173,783 shares of Costco Wholesale Corporation which is valued at $28,868,832. Costco Wholesale Corporation makes up approx 0.73% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Putnam Fl Investment Management Co boosted its stake in COST in the latest quarter, The investment management firm added 2,981 additional shares and now holds a total of 101,201 shares of Costco Wholesale Corporation which is valued at $16,811,510. Costco Wholesale Corporation makes up approx 1.93% of Putnam Fl Investment Management Co’s portfolio.Advisory Services Network boosted its stake in COST in the latest quarter, The investment management firm added 707 additional shares and now holds a total of 9,588 shares of Costco Wholesale Corporation which is valued at $1,593,046. Costco Wholesale Corporation makes up approx 0.35% of Advisory Services Network’s portfolio.

Costco Wholesale Corporation closed down -0.31 points or -0.18% at $168.73 with 9,18,631 shares getting traded on Monday. Post opening the session at $169.04, the shares hit an intraday low of $168.59 and an intraday high of $169.27 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Company shares were Upgraded by Goldman on Jun 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 175 from a previous price target of $169 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 173 from a previous price target of $169 .

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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