Sigma Investment Management Co Exits Position in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Sigma Investment Management Co has sold out all of its stake in Costco Wholesale Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 2,597 shares of Costco Wholesale Corporation which is valued at $431,414.

Other Hedge Funds, Including , Intrust Bank Na reduced its stake in COST by selling 289 shares or 6.95% in the most recent quarter. The Hedge Fund company now holds 3,872 shares of COST which is valued at $643,217. Costco Wholesale Corporation makes up approx 0.25% of Intrust Bank Na’s portfolio. Beacon Capital Management sold out all of its stake in COST during the most recent quarter. The investment firm sold 35 shares of COST which is valued $5,790.

Costco Wholesale Corporation closed down -0.3 points or -0.18% at $167.4 with 12,94,445 shares getting traded on Monday. Post opening the session at $167.25, the shares hit an intraday low of $166.47 and an intraday high of $167.55 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 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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