Costco Wholesale Corporation (COST) : Aft Forsyth Sober has sold out all of its stake in Costco Wholesale Corporation during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 200 shares of Costco Wholesale Corporation which is valued at $28,900.
Other Hedge Funds, Including , Venturi Wealth Management boosted its stake in COST in the latest quarter, The investment management firm added 6,362 additional shares and now holds a total of 31,870 shares of Costco Wholesale Corporation which is valued at $4.6 Million. Costco Wholesale Corporation makes up approx 1.71% of Venturi Wealth Management’s portfolio.Goelzer Investment Management boosted its stake in COST in the latest quarter, The investment management firm added 196 additional shares and now holds a total of 31,326 shares of Costco Wholesale Corporation which is valued at $4.6 Million. Costco Wholesale Corporation makes up approx 0.66% of Goelzer Investment Management’s portfolio.Dynamic Advisors Solutions reduced its stake in COST by selling 343 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 12,996 shares of COST which is valued at $1.9 Million. Costco Wholesale Corporation makes up approx 0.81% of Dynamic Advisors Solutions’s portfolio.Schmidt P J Investment Management Inc reduced its stake in COST by selling 75 shares or 3.18% in the most recent quarter. The Hedge Fund company now holds 2,285 shares of COST which is valued at $338,477. Costco Wholesale Corporation makes up approx 0.13% of Schmidt P J Investment Management Inc’s portfolio.
Costco Wholesale Corporation closed down -0.01 points or -0.01% at $142.69 with 20,89,035 shares getting traded on Friday. Post opening the session at $142.73, the shares hit an intraday low of $142.02 and an intraday high of $143.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. RBC Capital Mkts Initiated Costco Wholesale Corporation on May 3, 2016 to “Outperform”, Price Target of the shares are set at $169.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.