Pitcairn Co buys $3,607,615 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Pitcairn Co scooped up 1,452 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 21,713 shares of Costco Wholesale Corporation which is valued at $3,607,615.Costco Wholesale Corporation makes up approximately 0.46% of Pitcairn Co’s portfolio.

Other Hedge Funds, Including , Rnc Capital Management added COST to its portfolio by purchasing 2,402 company shares during the most recent quarter which is valued at $399,092. Costco Wholesale Corporation makes up approx 0.04% of Rnc Capital Management’s portfolio.Pennsylvania Trust Co reduced its stake in COST by selling 1,348 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 40,372 shares of COST which is valued at $6,784,111. Costco Wholesale Corporation makes up approx 0.53% of Pennsylvania Trust Co’s portfolio.Murphy Capital Management Inc boosted its stake in COST in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 5,780 shares of Costco Wholesale Corporation which is valued at $971,271. Costco Wholesale Corporation makes up approx 0.15% of Murphy Capital Management Inc’s portfolio.Baxter Bros Inc reduced its stake in COST by selling 126 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 2,952 shares of COST which is valued at $488,379. Costco Wholesale Corporation makes up approx 0.15% of Baxter Bros Inc’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 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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