Costco Wholesale Corporation (COST) : Pecaut reduced its stake in Costco Wholesale Corporation by 1.98% during the most recent quarter end. The investment management company now holds a total of 13,385 shares of Costco Wholesale Corporation which is valued at $2,006,679 after selling 270 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Costco Wholesale Corporation makes up approximately 1.97% of Pecaut’s portfolio.
Costco Wholesale Corporation closed down -1.5 points or -0.99% at $149.92 with 22,33,857 shares getting traded on Friday. Post opening the session at $151.05, the shares hit an intraday low of $149.36 and an intraday high of $151.81 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Laurel Grove Capital reduced its stake in COST by selling 1,000 shares or 32.52% in the most recent quarter. The Hedge Fund company now holds 2,075 shares of COST which is valued at $311,084. Costco Wholesale Corporation makes up approx 0.17% of Laurel Grove Capital’s portfolio.Btr Capital Management Inc boosted its stake in COST in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 10,732 shares of Costco Wholesale Corporation which is valued at $1,643,820. Costco Wholesale Corporation makes up approx 0.38% of Btr Capital Management Inc’s portfolio.Atalanta Sosnoff Capital reduced its stake in COST by selling 188,797 shares or 99.0% in the most recent quarter. The Hedge Fund company now holds 1,905 shares of COST which is valued at $291,789. Costco Wholesale Corporation makes up approx 0.01% of Atalanta Sosnoff Capital’s portfolio.Prospera Financial Services Inc reduced its stake in COST by selling 92 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 4,775 shares of COST which is valued at $731,387. Costco Wholesale Corporation makes up approx 0.16% of Prospera Financial Services Inc’s portfolio.Atlas Browninc. boosted its stake in COST in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,096 shares of Costco Wholesale Corporation which is valued at $474,214. Costco Wholesale Corporation makes up approx 0.20% of Atlas Browninc.’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.