Boston Financial Mangement Inc Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Boston Financial Mangement Inc reduced its stake in Costco Wholesale Corporation by 0.31% during the most recent quarter end. The investment management company now holds a total of 67,174 shares of Costco Wholesale Corporation which is valued at $9,836,961 after selling 207 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Costco Wholesale Corporation makes up approximately 1.47% of Boston Financial Mangement Inc’s portfolio.

Other Hedge Funds, Including , Partnervest Advisory Services boosted its stake in COST in the latest quarter, The investment management firm added 114 additional shares and now holds a total of 1,923 shares of Costco Wholesale Corporation which is valued at $281,604. Costco Wholesale Corporation makes up approx 0.16% of Partnervest Advisory Services’s portfolio.Wealthtrust-arizona boosted its stake in COST in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 145 shares of Costco Wholesale Corporation which is valued at $21,479. Costco Wholesale Corporation makes up approx 0.01% of Wealthtrust-arizona’s portfolio.Washington Trust Bank boosted its stake in COST in the latest quarter, The investment management firm added 828 additional shares and now holds a total of 19,369 shares of Costco Wholesale Corporation which is valued at $2,869,130. Costco Wholesale Corporation makes up approx 0.72% of Washington Trust Bank’s portfolio.Murphy Pohlad Asset Management boosted its stake in COST in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,930 shares of Costco Wholesale Corporation which is valued at $289,346. Costco Wholesale Corporation makes up approx 0.21% of Murphy Pohlad Asset Management’s portfolio.

Costco Wholesale Corporation opened for trading at $149.38 and hit $149.98 on the upside on Tuesday, eventually ending the session at $149.56, with a gain of 0.65% or 0.97 points. The heightened volatility saw the trading volume jump to 19,43,901 shares. Company has a market cap of $65,662 M.

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 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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