Costco Wholesale Corporation (COST) : Courier Capital Corp reduced its stake in Costco Wholesale Corporation by 4.01% during the most recent quarter end. The investment management company now holds a total of 11,595 shares of Costco Wholesale Corporation which is valued at $1,926,161 after selling 485 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Costco Wholesale Corporation makes up approximately 0.38% of Courier Capital Corp’s portfolio.
Other Hedge Funds, Including , 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.Gemmer Asset Management reduced its stake in COST by selling 25 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 10,538 shares of COST which is valued at $1,764,799. Costco Wholesale Corporation makes up approx 0.93% of Gemmer Asset Management’s portfolio.Checchi Capital Advisers boosted its stake in COST in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 4,027 shares of Costco Wholesale Corporation which is valued at $674,402. Costco Wholesale Corporation makes up approx 0.17% of Checchi Capital Advisers’s portfolio.Foundry Partners reduced its stake in COST by selling 30,083 shares or 53.65% in the most recent quarter. The Hedge Fund company now holds 25,987 shares of COST which is valued at $4,334,112. Costco Wholesale Corporation makes up approx 0.41% of Foundry Partners’s portfolio.Fisher Asset Management reduced its stake in COST by selling 509 shares or 13.0% in the most recent quarter. The Hedge Fund company now holds 3,406 shares of COST which is valued at $568,053.
Costco Wholesale Corporation opened for trading at $166.04 and hit $167.74 on the upside on Thursday, eventually ending the session at $166.55, with a gain of 0.26% or 0.43 points. The heightened volatility saw the trading volume jump to 16,38,320 shares. Company has a market cap of $72,960 M.
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 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.