Jacobson Schmitt Advisors buys $4,216,447 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Jacobson Schmitt Advisors scooped up 573 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 28,793 shares of Costco Wholesale Corporation which is valued at $4,216,447.Costco Wholesale Corporation makes up approximately 3.71% of Jacobson Schmitt Advisors’s portfolio.

Other Hedge Funds, Including , Carderock Capital Management Inc boosted its stake in COST in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 6,339 shares of Costco Wholesale Corporation which is valued at $928,283. Costco Wholesale Corporation makes up approx 0.48% of Carderock Capital Management Inc’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 $1,903,134. Costco Wholesale Corporation makes up approx 0.81% of Dynamic Advisors Solutions’s portfolio. Quantitative Systematic Strategies sold out all of its stake in COST during the most recent quarter. The investment firm sold 1,852 shares of COST which is valued $277,652.Btim Corp. reduced its stake in COST by selling 7,070 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 503,603 shares of COST which is valued at $75,500,162. Costco Wholesale Corporation makes up approx 1.30% of Btim Corp.’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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