Graybill Bartz Assoc Ltd buys $1.8 Million stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Graybill Bartz Assoc Ltd scooped up 35 additional shares in Costco Wholesale Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 12,132 shares of Costco Wholesale Corporation which is valued at $1.8 Million.Costco Wholesale Corporation makes up approximately 1.66% of Graybill Bartz Assoc Ltd’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands boosted its stake in COST in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 31,200 shares of Costco Wholesale Corporation which is valued at $4.7 Million. Costco Wholesale Corporation makes up approx 0.63% of Pensionfund Dsm Netherlands’s portfolio.Renaissance Investment Group reduced its stake in COST by selling 135 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 29,557 shares of COST which is valued at $4.7 Million. Costco Wholesale Corporation makes up approx 2.34% of Renaissance Investment Group’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 closed down -2.6 points or -1.71% at $149.05 with 22,78,997 shares getting traded on Monday. Post opening the session at $151.34, the shares hit an intraday low of $148.965 and an intraday high of $151.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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