Costco Wholesale Corporation (COST) : Parker Investment Management scooped up 2 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 3,904 shares of Costco Wholesale Corporation which is valued at $586,186.Costco Wholesale Corporation makes up approximately 0.21% of Parker Investment Management’s portfolio.
Other Hedge Funds, Including , Dorchester Wealth Management Co reduced its stake in COST by selling 300 shares or 15.19% in the most recent quarter. The Hedge Fund company now holds 1,675 shares of COST which is valued at $251,501. Costco Wholesale Corporation makes up approx 0.09% of Dorchester Wealth Management Co’s portfolio.Elite Wealth Management reduced its stake in COST by selling 1,435 shares or 14.34% in the most recent quarter. The Hedge Fund company now holds 8,569 shares of COST which is valued at $1,286,635. Costco Wholesale Corporation makes up approx 1.89% of Elite Wealth Management’s portfolio.Profit Investment Management reduced its stake in COST by selling 4,687 shares or 36.4% in the most recent quarter. The Hedge Fund company now holds 8,188 shares of COST which is valued at $1,230,001. Costco Wholesale Corporation makes up approx 1.24% of Profit Investment Management’s portfolio.Bristlecone Advisors reduced its stake in COST by selling 4,098 shares or 12.63% in the most recent quarter. The Hedge Fund company now holds 28,346 shares of COST which is valued at $4,280,529. Costco Wholesale Corporation makes up approx 1.56% of Bristlecone Advisors’s portfolio.First Mercantile Trust Co reduced its stake in COST by selling 945 shares or 14.29% in the most recent quarter. The Hedge Fund company now holds 5,670 shares of COST which is valued at $850,443. Costco Wholesale Corporation makes up approx 0.11% of First Mercantile Trust Co’s portfolio.
Costco Wholesale Corporation closed down -0.07 points or -0.05% at $150.15 with 17,45,010 shares getting traded on Friday. Post opening the session at $150.18, the shares hit an intraday low of $149.28 and an intraday high of $151 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Costco Wholesale Corporation reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Sep 29, 2016. Analyst had a consensus of $1.73. The company had revenue of $36560.00 million for the quarter, compared to analysts expectations of $36903.67 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS.
Investors should note that on Oct 12, 2016, Costco Wholesale Corporation announced a cash dividend of $0.4500. The company’s management has announced Nov 2, 2016 as the ex-dividend date and fixed the record date on Nov 4, 2016. The payable date has been fixed on Nov 18, 2016.
Many Wall Street Analysts have commented on Costco Wholesale Corporation. Costco Wholesale Corporation was Initiated by Wells Fargo to “Market Perform” on Oct 18, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 178 from a previous price target of $177 .
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.