Prospera Financial Services Inc buys $819,229 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Prospera Financial Services Inc scooped up 362 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 12, 2016. The investment management firm now holds a total of 5,425 shares of Costco Wholesale Corporation which is valued at $819,229.Costco Wholesale Corporation makes up approximately 0.17% of Prospera Financial Services Inc’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in COST in the latest quarter, The investment management firm added 11,557 additional shares and now holds a total of 2,049,418 shares of Costco Wholesale Corporation which is valued at $309,482,612. Costco Wholesale Corporation makes up approx 0.32% of Legal General Group Plc’s portfolio.Gradient Investments reduced its stake in COST by selling 100 shares or 29.59% in the most recent quarter. The Hedge Fund company now holds 238 shares of COST which is valued at $35,767.Exxonmobil Investment Management Inc Tx reduced its stake in COST by selling 1,539 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 111,854 shares of COST which is valued at $16,776,981. Costco Wholesale Corporation makes up approx 0.35% of Exxonmobil Investment Management Inc Tx’s portfolio.Stillwater Investment Management boosted its stake in COST in the latest quarter, The investment management firm added 112 additional shares and now holds a total of 12,387 shares of Costco Wholesale Corporation which is valued at $1,857,802. Costco Wholesale Corporation makes up approx 1.01% of Stillwater Investment Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in COST in the latest quarter, The investment management firm added 174,670 additional shares and now holds a total of 232,720 shares of Costco Wholesale Corporation which is valued at $34,903,346. Costco Wholesale Corporation makes up approx 0.14% of Bnp Paribas Arbitrage Sa’s portfolio.

Costco Wholesale Corporation opened for trading at $149.67 and hit $151.14 on the upside on Tuesday, eventually ending the session at $151.01, with a gain of 0.49% or 0.73 points. The heightened volatility saw the trading volume jump to 25,96,769 shares. Company has a market cap of $66,152 M.

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.

Many Wall Street Analysts have commented on Costco Wholesale Corporation. 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 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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