Caldwell Orkin Inc buys $4,815,950 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Caldwell Orkin Inc scooped up 7,090 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 28,490 shares of Costco Wholesale Corporation which is valued at $4,815,950.Costco Wholesale Corporation makes up approximately 2.70% of Caldwell Orkin Inc’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in COST by selling 135,260 shares or 32.37% in the most recent quarter. The Hedge Fund company now holds 282,649 shares of COST which is valued at $47,778,987. Costco Wholesale Corporation makes up approx 0.18% of State Of Wisconsin Investment Board’s portfolio.Ubs Asset Management Americas Inc reduced its stake in COST by selling 87,829 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 1,217,769 shares of COST which is valued at $204,439,060. Costco Wholesale Corporation makes up approx 0.22% of Ubs Asset Management Americas Inc’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in COST in the latest quarter, The investment management firm added 98,954 additional shares and now holds a total of 635,337 shares of Costco Wholesale Corporation which is valued at $106,546,015. Costco Wholesale Corporation makes up approx 0.33% of State Board Of Administration Of Florida Retirement System’s portfolio. Timber Hill added COST to its portfolio by purchasing 17,782 company shares during the most recent quarter which is valued at $2,982,041. Costco Wholesale Corporation makes up approx 0.24% of Timber Hill’s portfolio.Montag Caldwell reduced its stake in COST by selling 35,610 shares or 6.61% in the most recent quarter. The Hedge Fund company now holds 503,140 shares of COST which is valued at $84,135,071. Costco Wholesale Corporation makes up approx 1.65% of Montag Caldwell’s portfolio.

Costco Wholesale Corporation closed down -0.58 points or -0.35% at $167.36 with 10,04,399 shares getting traded on Tuesday. Post opening the session at $168.09, the shares hit an intraday low of $167.31 and an intraday high of $168.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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