Argentiere Capital Ag adds Costco Wholesale Corporation (COST) to its portfolio

Costco Wholesale Corporation (COST) : Argentiere Capital Ag added new position in Costco Wholesale Corporation during the most recent quarter end. The investment management firm now holds 29,032 shares of Costco Wholesale Corporation which is valued at $4,873,892 , the company said in a statement filed on Aug 9, 2016 with the SEC.Costco Wholesale Corporation makes up approximately 4.89% of Argentiere Capital Ag’s portfolio.

Other Hedge Funds, Including , Pathstone Family Office added COST to its portfolio by purchasing 150 company shares during the most recent quarter which is valued at $25,110. Costco Wholesale Corporation makes up approx 0.03% of Pathstone Family Office’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in COST in the latest quarter, The investment management firm added 6,361 additional shares and now holds a total of 290,394 shares of Costco Wholesale Corporation which is valued at $48,699,074. Costco Wholesale Corporation makes up approx 0.53% of Dekabank Deutsche Girozentrale’s portfolio.Keating Investment Counselors Inc boosted its stake in COST in the latest quarter, The investment management firm added 1,980 additional shares and now holds a total of 5,115 shares of Costco Wholesale Corporation which is valued at $849,704. Costco Wholesale Corporation makes up approx 0.42% of Keating Investment Counselors Inc’s portfolio.Cidel Asset Management Inc boosted its stake in COST in the latest quarter, The investment management firm added 5,764 additional shares and now holds a total of 69,225 shares of Costco Wholesale Corporation which is valued at $11,499,657. Costco Wholesale Corporation makes up approx 0.65% of Cidel Asset Management Inc’s portfolio.Badgley Phelps Bell Inc boosted its stake in COST in the latest quarter, The investment management firm added 1,197 additional shares and now holds a total of 88,509 shares of Costco Wholesale Corporation which is valued at $14,703,115. Costco Wholesale Corporation makes up approx 1.30% of Badgley Phelps Bell Inc’s portfolio.

Costco Wholesale Corporation closed down -0.45 points or -0.27% at $167.96 with 13,82,531 shares getting traded on Wednesday. Post opening the session at $167.45, the shares hit an intraday low of $166.92 and an intraday high of $168.36 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 .

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 *