Norman Fields Gottscho Capital Management buys $10,393,350 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Norman Fields Gottscho Capital Management scooped up 1,462 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 67,855 shares of Costco Wholesale Corporation which is valued at $10,393,350.Costco Wholesale Corporation makes up approximately 6.87% of Norman Fields Gottscho Capital Management’s portfolio.

Costco Wholesale Corporation opened for trading at $151.96 and hit $153.81 on the upside on Friday, eventually ending the session at $153.17, with a gain of 1.17% or 1.77 points. The heightened volatility saw the trading volume jump to 26,75,923 shares. Company has a market cap of $67,247 M.

Other Hedge Funds, Including , Monroe Bank Trustmi boosted its stake in COST in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 128 shares of Costco Wholesale Corporation which is valued at $19,606. Costco Wholesale Corporation makes up approx 0.01% of Monroe Bank Trustmi’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in COST in the latest quarter, The investment management firm added 9,034 additional shares and now holds a total of 107,075 shares of Costco Wholesale Corporation which is valued at $16,400,678. Costco Wholesale Corporation makes up approx 0.37% of Exxonmobil Investment Management Inc Tx’s portfolio.Creative Planning boosted its stake in COST in the latest quarter, The investment management firm added 2,205 additional shares and now holds a total of 46,166 shares of Costco Wholesale Corporation which is valued at $6,881,042. Costco Wholesale Corporation makes up approx 0.05% of Creative Planning’s portfolio.Charter Trust Co boosted its stake in COST in the latest quarter, The investment management firm added 1,462 additional shares and now holds a total of 6,790 shares of Costco Wholesale Corporation which is valued at $1,012,050. Costco Wholesale Corporation makes up approx 0.12% of Charter Trust Co’s portfolio.Chelsea Counsel Co reduced its stake in COST by selling 50,538 shares or 33.77% in the most recent quarter. The Hedge Fund company now holds 99,124 shares of COST which is valued at $14,774,432. Costco Wholesale Corporation makes up approx 4.28% of Chelsea Counsel Co’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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