Costco Wholesale Corporation (COST) : Foresters Asset Management reduced its stake in Costco Wholesale Corporation by 7.72% during the most recent quarter end. The investment management company now holds a total of 28,700 shares of Costco Wholesale Corporation which is valued at $4,362,400 after selling 2,400 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 2.26% of Foresters Asset Management’s portfolio.
Other Hedge Funds, Including , Cannell Peter B Co Inc reduced its stake in COST by selling 168 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 82,997 shares of COST which is valued at $12,615,544. Costco Wholesale Corporation makes up approx 0.46% of Cannell Peter B Co Inc’s portfolio.Progressive Investment Management Corp boosted its stake in COST in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 18,279 shares of Costco Wholesale Corporation which is valued at $2,623,768. Costco Wholesale Corporation makes up approx 2.51% of Progressive Investment Management Corp’s portfolio. Lsv Asset Management sold out all of its stake in COST during the most recent quarter. The investment firm sold 1,702 shares of COST which is valued $244,305.Sigma Planning Corp boosted its stake in COST in the latest quarter, The investment management firm added 1,551 additional shares and now holds a total of 10,141 shares of Costco Wholesale Corporation which is valued at $1,455,639. Costco Wholesale Corporation makes up approx 0.18% of Sigma Planning Corp’s portfolio.Nippon Life Insurance Co reduced its stake in COST by selling 1,299 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 30,098 shares of COST which is valued at $4,414,173. Costco Wholesale Corporation makes up approx 0.10% of Nippon Life Insurance Co’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 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.