Harbour Capital Advisors Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Harbour Capital Advisors reduced its stake in Costco Wholesale Corporation by 1.19% during the most recent quarter end. The investment management company now holds a total of 8,601 shares of Costco Wholesale Corporation which is valued at $1,289,978 after selling 104 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Oct 3, 2016.Costco Wholesale Corporation makes up approximately 0.69% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , 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 closed down -0.53 points or -0.35% at $150.48 with 28,40,515 shares getting traded on Tuesday. Post opening the session at $151.47, the shares hit an intraday low of $149.49 and an intraday high of $151.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *