Costco Wholesale Corporation (COST) : Cobiz Investment Management reduced its stake in Costco Wholesale Corporation by 4.15% during the most recent quarter end. The investment management company now holds a total of 40,291 shares of Costco Wholesale Corporation which is valued at $6,693,141 after selling 1,745 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Costco Wholesale Corporation makes up approximately 1.63% of Cobiz Investment Management’s portfolio.
Other Hedge Funds, Including , Pillar Pacific Capital Management boosted its stake in COST in the latest quarter, The investment management firm added 996 additional shares and now holds a total of 39,805 shares of Costco Wholesale Corporation which is valued at $6,612,407. Costco Wholesale Corporation makes up approx 1.06% of Pillar Pacific Capital Management’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.Security National Trust Co reduced its stake in COST by selling 15 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 6,547 shares of COST which is valued at $1,096,426. Costco Wholesale Corporation makes up approx 0.39% of Security National Trust Co’s portfolio.Huntington Steele reduced its stake in COST by selling 77 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 2,571 shares of COST which is valued at $428,791. Costco Wholesale Corporation makes up approx 0.16% of Huntington Steele’s portfolio.
Costco Wholesale Corporation opened for trading at $166.04 and hit $167.74 on the upside on Thursday, eventually ending the session at $166.55, with a gain of 0.26% or 0.43 points. The heightened volatility saw the trading volume jump to 16,38,320 shares. Company has a market cap of $72,960 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.
Investors should note that on Jul 25, 2016, Costco Wholesale Corporation announced a cash dividend of $0.4500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Aug 26, 2016.
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.