Swarthmore Group Inc Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Swarthmore Group Inc reduced its stake in Costco Wholesale Corporation by 30.66% during the most recent quarter end. The investment management company now holds a total of 187,795 shares of Costco Wholesale Corporation which is valued at $28,764,560 after selling 83,050 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Costco Wholesale Corporation makes up approximately 4.34% of Swarthmore Group Inc’s portfolio.

Costco Wholesale Corporation opened for trading at $152.78 and hit $153.71 on the upside on Monday, eventually ending the session at $153.3, with a gain of 0.08% or 0.13 points. The heightened volatility saw the trading volume jump to 13,35,762 shares. Company has a market cap of $67,304 M.

Other Hedge Funds, Including , Bath Savings Trust Co sold out all of its stake in COST during the most recent quarter. The investment firm sold 1,247 shares of COST which is valued $191,003.Lenox Wealth Advisors boosted its stake in COST in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 100 shares of Costco Wholesale Corporation which is valued at $15,317.Capstone Asset Management Co boosted its stake in COST in the latest quarter, The investment management firm added 578 additional shares and now holds a total of 54,811 shares of Costco Wholesale Corporation which is valued at $8,395,401. Costco Wholesale Corporation makes up approx 0.24% of Capstone Asset Management Co’s portfolio.Kistler-tiffany Companies boosted its stake in COST in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 2,360 shares of Costco Wholesale Corporation which is valued at $351,758. Costco Wholesale Corporation makes up approx 0.20% of Kistler-tiffany Companies’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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