Costco Wholesale Corporation (COST) : Bailard added new position in Costco Wholesale Corporation during the most recent quarter end. The investment management firm now holds 19,605 shares of Costco Wholesale Corporation which is valued at $3,291,287 , the company said in a statement filed on Aug 8, 2016 with the SEC.Costco Wholesale Corporation makes up approximately 0.38% of Bailard’s portfolio.
Other Hedge Funds, Including , Zwj Investment Counsel Inc reduced its stake in COST by selling 200 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 6,864 shares of COST which is valued at $1,152,328. Costco Wholesale Corporation makes up approx 0.12% of Zwj Investment Counsel Inc’s portfolio.Investment House reduced its stake in COST by selling 190 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 73,803 shares of COST which is valued at $12,262,368. Costco Wholesale Corporation makes up approx 1.87% of Investment House’s portfolio.Msi Financial Services Inc reduced its stake in COST by selling 1,035 shares or 3.43% in the most recent quarter. The Hedge Fund company now holds 29,166 shares of COST which is valued at $4,845,931. Costco Wholesale Corporation makes up approx 0.17% of Msi Financial Services Inc’s portfolio.Farmers Merchants Investments Inc reduced its stake in COST by selling 50 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 460 shares of COST which is valued at $77,298. Costco Wholesale Corporation makes up approx 0.01% of Farmers Merchants Investments Inc’s portfolio.
Costco Wholesale Corporation closed down -0.31 points or -0.18% at $168.73 with 9,18,631 shares getting traded on Monday. Post opening the session at $169.04, the shares hit an intraday low of $168.59 and an intraday high of $169.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 .
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.