Bourgeon Capital Management buys $3,305,788 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Bourgeon Capital Management scooped up 6,000 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 19,900 shares of Costco Wholesale Corporation which is valued at $3,305,788.Costco Wholesale Corporation makes up approximately 2.05% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in COST in the latest quarter, The investment management firm added 2,088 additional shares and now holds a total of 173,783 shares of Costco Wholesale Corporation which is valued at $28,868,832. Costco Wholesale Corporation makes up approx 0.73% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Evercore Wealth Management boosted its stake in COST in the latest quarter, The investment management firm added 826 additional shares and now holds a total of 149,738 shares of Costco Wholesale Corporation which is valued at $24,874,477. Costco Wholesale Corporation makes up approx 1.07% of Evercore Wealth Management’s portfolio.Oakbrook Investments reduced its stake in COST by selling 23,161 shares or 92.79% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of COST which is valued at $301,446. Costco Wholesale Corporation makes up approx 0.02% of Oakbrook Investments’s portfolio.Cape Cod Five Cents Savings Bank reduced its stake in COST by selling 78 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 36,354 shares of COST which is valued at $6,049,669. Costco Wholesale Corporation makes up approx 1.08% of Cape Cod Five Cents Savings Bank’s portfolio.

Costco Wholesale Corporation closed down -0.3 points or -0.18% at $167.4 with 12,94,445 shares getting traded on Monday. Post opening the session at $167.25, the shares hit an intraday low of $166.47 and an intraday high of $167.55 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Investors should note that on Jul 25, 2016, Costco Wholesale Corporation announced a cash dividend of $0.4500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Aug 26, 2016.

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.

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