Highland Private Wealth Management Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Highland Private Wealth Management reduced its stake in Costco Wholesale Corporation by 3.11% during the most recent quarter end. The investment management company now holds a total of 1,401 shares of Costco Wholesale Corporation which is valued at $236,825 after selling 45 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Costco Wholesale Corporation makes up approximately 0.13% of Highland Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co sold out all of its stake in COST during the most recent quarter. The investment firm sold 27,200 shares of COST which is valued $4,597,888.Condor Capital Management reduced its stake in COST by selling 421 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 5,128 shares of COST which is valued at $859,966. Costco Wholesale Corporation makes up approx 0.20% of Condor Capital Management’s portfolio.Carnegie Capital Asset Management reduced its stake in COST by selling 785 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 7,817 shares of COST which is valued at $1,298,560. Costco Wholesale Corporation makes up approx 0.18% of Carnegie Capital Asset Management’s portfolio.Mount Vernon Associates Inc Md boosted its stake in COST in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 12,105 shares of Costco Wholesale Corporation which is valued at $2,011,246. Costco Wholesale Corporation makes up approx 4.04% of Mount Vernon Associates Inc Md’s portfolio.

Costco Wholesale Corporation opened for trading at $164.47 and hit $164.835 on the upside on Monday, eventually ending the session at $163.98, with a gain of 0.03% or 0.05 points. The heightened volatility saw the trading volume jump to 18,19,224 shares. Company has a market cap of $71,834 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 .

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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