Costco Wholesale Corporation (COST) : Westwood Management Corp Il reduced its stake in Costco Wholesale Corporation by 36.16% during the most recent quarter end. The investment management company now holds a total of 62,488 shares of Costco Wholesale Corporation which is valued at $9,256,347 after selling 35,400 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Costco Wholesale Corporation makes up approximately 1.77% of Westwood Management Corp Il’s portfolio.
Costco Wholesale Corporation opened for trading at $148.76 and hit $151.42 on the upside on Monday, eventually ending the session at $150.93, with a gain of 1.89% or 2.8 points. The heightened volatility saw the trading volume jump to 33,61,454 shares. Company has a market cap of $66,264 M.
Other Hedge Funds, Including , North Star Investment Management Corp. boosted its stake in COST in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 3,308 shares of Costco Wholesale Corporation which is valued at $490,014. Costco Wholesale Corporation makes up approx 0.09% of North Star Investment Management Corp.’s portfolio.Mount Vernon Associates Inc Md reduced its stake in COST by selling 350 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 12,005 shares of COST which is valued at $1,799,790. Costco Wholesale Corporation makes up approx 3.90% of Mount Vernon Associates Inc Md’s portfolio.Bristol John W Co Inc Ny reduced its stake in COST by selling 17,594 shares or 3.28% in the most recent quarter. The Hedge Fund company now holds 519,427 shares of COST which is valued at $77,872,496. Costco Wholesale Corporation makes up approx 2.06% of Bristol John W Co Inc Ny’s portfolio.Oakbrook Investments reduced its stake in COST by selling 604 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 24,961 shares of COST which is valued at $3,823,276. Costco Wholesale Corporation makes up approx 0.24% of Oakbrook Investments’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.