Costco Wholesale Corporation (COST) : Martin Co Inc Tn reduced its stake in Costco Wholesale Corporation by 4.04% during the most recent quarter end. The investment management company now holds a total of 17,222 shares of Costco Wholesale Corporation which is valued at $2,911,207 after selling 725 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Costco Wholesale Corporation makes up approximately 0.90% of Martin Co Inc Tn’s portfolio.
Other Hedge Funds, Including , Babson Capital Management reduced its stake in COST by selling 4,086 shares or 43.22% in the most recent quarter. The Hedge Fund company now holds 5,368 shares of COST which is valued at $907,407. Costco Wholesale Corporation makes up approx 0.04% of Babson Capital Management’s portfolio.Norinchukin Bank The boosted its stake in COST in the latest quarter, The investment management firm added 424 additional shares and now holds a total of 45,153 shares of Costco Wholesale Corporation which is valued at $7,580,286. Costco Wholesale Corporation makes up approx 0.18% of Norinchukin Bank The’s portfolio.Marble Harbor Investment Counsel reduced its stake in COST by selling 200 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of COST which is valued at $419,700. Costco Wholesale Corporation makes up approx 0.10% of Marble Harbor Investment Counsel’s portfolio.Integrated Wealth Management reduced its stake in COST by selling 92 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 4,306 shares of COST which is valued at $715,313. Costco Wholesale Corporation makes up approx 0.27% of Integrated Wealth Management’s portfolio.Boston Advisors reduced its stake in COST by selling 4,330 shares or 45.15% in the most recent quarter. The Hedge Fund company now holds 5,261 shares of COST which is valued at $874,115. Costco Wholesale Corporation makes up approx 0.02% of Boston Advisors’s portfolio.
Costco Wholesale Corporation closed down -2.42 points or -1.53% at $155.64 with 2,984,148 shares getting traded on Wednesday. Post opening the session at $157.64, the shares hit an intraday low of $155.4 and an intraday high of $157.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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.