Eachwin Capital Lp buys $3,406,663 stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Eachwin Capital Lp scooped up 830 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 20,153 shares of Costco Wholesale Corporation which is valued at $3,406,663.Costco Wholesale Corporation makes up approximately 3.12% of Eachwin Capital Lp’s portfolio.

Other Hedge Funds, Including , Junto Capital Management Lp sold out all of its stake in COST during the most recent quarter. The investment firm sold 103,500 shares of COST which is valued $17,495,640. Argentiere Capital Ag added COST to its portfolio by purchasing 29,032 company shares during the most recent quarter which is valued at $4,873,892. Costco Wholesale Corporation makes up approx 4.89% of Argentiere Capital Ag’s portfolio.Private Advisor Group boosted its stake in COST in the latest quarter, The investment management firm added 2,355 additional shares and now holds a total of 25,220 shares of Costco Wholesale Corporation which is valued at $4,221,828. Costco Wholesale Corporation makes up approx 0.17% of Private Advisor Group’s portfolio.Thompson Davis reduced its stake in COST by selling 863 shares or 66.08% in the most recent quarter. The Hedge Fund company now holds 443 shares of COST which is valued at $74,158. Costco Wholesale Corporation makes up approx 0.11% of Thompson Davis’s portfolio.Feltz Wealth Plan reduced its stake in COST by selling 3,602 shares or 33.7% in the most recent quarter. The Hedge Fund company now holds 7,087 shares of COST which is valued at $1,189,766. Costco Wholesale Corporation makes up approx 0.06% of Feltz Wealth Plan’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 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 *

Costco Wholesale Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Costco Wholesale Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.