Costco Wholesale Corporation (COST) : Bristlecone Advisors scooped up 2,556 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 15, 2016. The investment management firm now holds a total of 31,446 shares of Costco Wholesale Corporation which is valued at $5,315,632.Costco Wholesale Corporation makes up approximately 2.01% of Bristlecone Advisors’s portfolio.
Other Hedge Funds, Including , Invictus Rg Pte. Ltd. reduced its stake in COST by selling 1,826 shares or 75.74% in the most recent quarter. The Hedge Fund company now holds 585 shares of COST which is valued at $98,888. Costco Wholesale Corporation makes up approx 0.08% of Invictus Rg Pte. Ltd.’s portfolio.I.g. Investment Management Ltd. reduced its stake in COST by selling 31,715 shares or 15.16% in the most recent quarter. The Hedge Fund company now holds 177,477 shares of COST which is valued at $29,762,893. Costco Wholesale Corporation makes up approx 0.11% of I.g. Investment Management Ltd.’s portfolio.Tradewinds Capital Management boosted its stake in COST in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 9,799 shares of Costco Wholesale Corporation which is valued at $1,638,589. Costco Wholesale Corporation makes up approx 1.13% of Tradewinds Capital Management’s portfolio.Agran Libbie reduced its stake in COST by selling 220 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 39,274 shares of COST which is valued at $6,525,375. Costco Wholesale Corporation makes up approx 1.58% of Agran Libbie’s portfolio.
Costco Wholesale Corporation closed down -5.88 points or -3.63% at $156.21 with 60,38,471 shares getting traded on Thursday. Post opening the session at $159, the shares hit an intraday low of $155.54 and an intraday high of $159 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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.