Fundx Investment Group Exits Position in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Fundx Investment Group 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 Jul 22, 2016 with the SEC. The investment management company has sold out 1,832 shares of Costco Wholesale Corporation which is valued at $306,805.

Other Hedge Funds, Including , Gradient Investments boosted its stake in COST in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 338 shares of Costco Wholesale Corporation which is valued at $56,618. Costco Wholesale Corporation makes up approx 0.01% of Gradient Investments’s portfolio.Jacobs Coca reduced its stake in COST by selling 50 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 26,356 shares of COST which is valued at $4,395,654. Costco Wholesale Corporation makes up approx 1.00% of Jacobs Coca’s portfolio.Hollencrest Securities boosted its stake in COST in the latest quarter, The investment management firm added 190 additional shares and now holds a total of 7,557 shares of Costco Wholesale Corporation which is valued at $1,250,230. Costco Wholesale Corporation makes up approx 0.19% of Hollencrest Securities’s portfolio.Patten Patten Inctn boosted its stake in COST in the latest quarter, The investment management firm added 2,045 additional shares and now holds a total of 55,092 shares of Costco Wholesale Corporation which is valued at $9,114,420. Costco Wholesale Corporation makes up approx 1.25% of Patten Patten Inctn’s portfolio.

Costco Wholesale Corporation opened for trading at $166.64 and hit $167.68 on the upside on Friday, eventually ending the session at $167.22, with a gain of 0.52% or 0.87 points. The heightened volatility saw the trading volume jump to 13,59,664 shares. Company has a market cap of $73,253 M.

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 .RBC Capital Mkts Initiated Costco Wholesale Corporation on May 3, 2016 to “Outperform”, Price Target of the shares are set at $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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