Costco Wholesale Corporation (COST) : Renaissance Investment Group reduced its stake in Costco Wholesale Corporation by 1.68% during the most recent quarter end. The investment management company now holds a total of 29,089 shares of Costco Wholesale Corporation which is valued at $4,369,750 after selling 496 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Costco Wholesale Corporation makes up approximately 2.13% of Renaissance Investment Group’s portfolio.
Other Hedge Funds, Including , Investment Management Of Virginia reduced its stake in COST by selling 50 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 7,615 shares of COST which is valued at $1,143,925. Costco Wholesale Corporation makes up approx 0.29% of Investment Management Of Virginia’s portfolio.Fisher Asset Management reduced its stake in COST by selling 130 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 3,276 shares of COST which is valued at $492,317.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. Highwater Wealth Management added COST to its portfolio by purchasing 1,945 company shares during the most recent quarter which is valued at $291,711. Costco Wholesale Corporation makes up approx 1.64% of Highwater Wealth Management’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 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.