Costco Wholesale Corporation (COST) : Carlton Hofferkamp Jenks Wealth Management reduced its stake in Costco Wholesale Corporation by 0.64% during the most recent quarter end. The investment management company now holds a total of 17,030 shares of Costco Wholesale Corporation which is valued at $2,608,485 after selling 110 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Costco Wholesale Corporation makes up approximately 2.10% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.
Costco Wholesale Corporation closed down -1.32 points or -0.86% at $151.42 with 20,97,632 shares getting traded on Wednesday. Post opening the session at $152.49, the shares hit an intraday low of $150.69 and an intraday high of $152.735 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Oakbrook Investments reduced its stake in COST by selling 604 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 24,961 shares of COST which is valued at $3,823,276. Costco Wholesale Corporation makes up approx 0.24% of Oakbrook Investments’s portfolio. Jaffetilchin Investment Partners sold out all of its stake in COST during the most recent quarter. The investment firm sold 3,397 shares of COST which is valued $520,318.Central Trust Co reduced its stake in COST by selling 125 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 24,103 shares of COST which is valued at $3,691,857. Costco Wholesale Corporation makes up approx 0.29% of Central Trust Co’s portfolio.Foundry Partners reduced its stake in COST by selling 30,083 shares or 53.65% in the most recent quarter. The Hedge Fund company now holds 25,987 shares of COST which is valued at $3,873,362. Costco Wholesale Corporation makes up approx 0.39% of Foundry Partners’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.