Costco Wholesale Corporation (COST) : Norris Perne French Llpmi reduced its stake in Costco Wholesale Corporation by 1.94% during the most recent quarter end. The investment management company now holds a total of 73,906 shares of Costco Wholesale Corporation which is valued at $12,279,482 after selling 1,461 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Costco Wholesale Corporation makes up approximately 2.57% of Norris Perne French Llpmi’s portfolio.
Other Hedge Funds, Including , Court Place Advisors boosted its stake in COST in the latest quarter, The investment management firm added 443 additional shares and now holds a total of 2,517 shares of Costco Wholesale Corporation which is valued at $418,200. Costco Wholesale Corporation makes up approx 0.24% of Court Place Advisors’s portfolio.Nordea Investment Management Ab boosted its stake in COST in the latest quarter, The investment management firm added 91 additional shares and now holds a total of 19,443 shares of Costco Wholesale Corporation which is valued at $3,267,202. Costco Wholesale Corporation makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.
Costco Wholesale Corporation opened for trading at $166.64 and hit $167.68 on the upside on Friday, eventually ending the session at $167.22, with a gain of 0.52% or 0.87 points. The heightened volatility saw the trading volume jump to 13,59,664 shares. Company has a market cap of $73,253 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. Company shares were Upgraded by Goldman on Jun 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 175 from a previous price target of $169 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 173 from a previous price target of $169 .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 (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.