Kcm Investment Advisors buys $17,267,605 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Kcm Investment Advisors scooped up 2,415 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 15, 2016. The investment management firm now holds a total of 102,151 shares of Costco Wholesale Corporation which is valued at $17,267,605.Costco Wholesale Corporation makes up approximately 1.23% of Kcm Investment Advisors’s portfolio.

Other Hedge Funds, Including , Roundview Capital reduced its stake in COST by selling 300 shares or 12.05% in the most recent quarter. The Hedge Fund company now holds 2,189 shares of COST which is valued at $370,029. Costco Wholesale Corporation makes up approx 0.13% of Roundview Capital’s portfolio.Employees Retirement System Of Texas reduced its stake in COST by selling 2,000 shares or 4.02% in the most recent quarter. The Hedge Fund company now holds 47,700 shares of COST which is valued at $8,063,208. Costco Wholesale Corporation makes up approx 0.11% of Employees Retirement System Of Texas’s portfolio.Integrated Wealth Management reduced its stake in COST by selling 92 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 4,306 shares of COST which is valued at $715,313. Costco Wholesale Corporation makes up approx 0.27% of Integrated Wealth Management’s portfolio.Laurel Grove Capital reduced its stake in COST by selling 75 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of COST which is valued at $334,940. Costco Wholesale Corporation makes up approx 0.20% of Laurel Grove Capital’s portfolio.

Costco Wholesale Corporation closed down -5.88 points or -3.63% at $156.21 with 60,38,471 shares getting traded on Thursday. Post opening the session at $159, the shares hit an intraday low of $155.54 and an intraday high of $159 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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