Capstone Financial Advisors Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Capstone Financial Advisors reduced its stake in Costco Wholesale Corporation by 2.91% during the most recent quarter end. The investment management company now holds a total of 4,645 shares of Costco Wholesale Corporation which is valued at $706,040 after selling 139 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Costco Wholesale Corporation makes up approximately 0.37% of Capstone Financial Advisors’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. boosted its stake in COST in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,900 shares of Costco Wholesale Corporation which is valued at $288,800. Costco Wholesale Corporation makes up approx 0.01% of Edmond De Rothschild Holding S.a.’s portfolio.Grantham Mayo Van Otterloo boosted its stake in COST in the latest quarter, The investment management firm added 315,023 additional shares and now holds a total of 1,185,898 shares of Costco Wholesale Corporation which is valued at $173,971,237. Costco Wholesale Corporation makes up approx 0.85% of Grantham Mayo Van Otterloo’s portfolio.Thompson Davis boosted its stake in COST in the latest quarter, The investment management firm added 94 additional shares and now holds a total of 537 shares of Costco Wholesale Corporation which is valued at $77,081. Costco Wholesale Corporation makes up approx 0.14% of Thompson Davis’s portfolio.Banque Pictet Cie Sa boosted its stake in COST in the latest quarter, The investment management firm added 92,122 additional shares and now holds a total of 139,015 shares of Costco Wholesale Corporation which is valued at $19,954,213. Costco Wholesale Corporation makes up approx 0.53% of Banque Pictet Cie Sa’s portfolio.

Costco Wholesale Corporation closed down -0.84 points or -0.56% at $150.36 with 20,20,489 shares getting traded on Monday. Post opening the session at $150.84, the shares hit an intraday low of $149.52 and an intraday high of $151.2 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 $1.77 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. Costco Wholesale Corporation was Upgraded by Northcoast to ” Buy” on Oct 19, 2016. Costco Wholesale Corporation was Initiated by Wells Fargo to “Market Perform” on Oct 18, 2016. 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.

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