Nichols Asset Management Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Nichols Asset Management reduced its stake in Costco Wholesale Corporation by 43.29% during the most recent quarter end. The investment management company now holds a total of 1,310 shares of Costco Wholesale Corporation which is valued at $196,395 after selling 1,000 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Costco Wholesale Corporation makes up approximately 0.04% of Nichols Asset Management’s portfolio.

Costco Wholesale Corporation closed down -0.83 points or -0.54% at $151.77 with 14,92,820 shares getting traded on Wednesday. Post opening the session at $152.24, the shares hit an intraday low of $150.6 and an intraday high of $152.509 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Northstar Group boosted its stake in COST in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 25,476 shares of Costco Wholesale Corporation which is valued at $3,902,159. Costco Wholesale Corporation makes up approx 2.96% of Northstar Group’s portfolio. Dorsey Wright Associates added COST to its portfolio by purchasing 3,922 company shares during the most recent quarter which is valued at $584,574. Costco Wholesale Corporation makes up approx 0.31% of Dorsey Wright Associates’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 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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