Costco Wholesale Corporation (COST) : Exxonmobil Investment Management Inc Tx reduced its stake in Costco Wholesale Corporation by 1.36% during the most recent quarter end. The investment management company now holds a total of 111,854 shares of Costco Wholesale Corporation which is valued at $16,776,981 after selling 1,539 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Costco Wholesale Corporation makes up approximately 0.35% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Trust Co Of Oklahoma boosted its stake in COST in the latest quarter, The investment management firm added 294 additional shares and now holds a total of 13,141 shares of Costco Wholesale Corporation which is valued at $1,971,019. Costco Wholesale Corporation makes up approx 1.09% of Trust Co Of Oklahoma’s portfolio.Private Asset Management Inc reduced its stake in COST by selling 10 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 60,074 shares of COST which is valued at $9,009,899. Costco Wholesale Corporation makes up approx 1.52% of Private Asset Management Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in COST by selling 22,426 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 422,066 shares of COST which is valued at $63,301,459. Costco Wholesale Corporation makes up approx 0.35% of Chevy Chase Trust Holdings’s portfolio.West Oak Capital boosted its stake in COST in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 9,521 shares of Costco Wholesale Corporation which is valued at $1,427,960. Costco Wholesale Corporation makes up approx 0.99% of West Oak Capital’s portfolio.
Costco Wholesale Corporation opened for trading at $149.77 and hit $150.19 on the upside on Friday, eventually ending the session at $149.99, with a gain of 0.35% or 0.52 points. The heightened volatility saw the trading volume jump to 22,82,456 shares. Company has a market cap of $65,705 M.
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. 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 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.