Costco Wholesale Corporation (COST) : Hollencrest Securities scooped up 125 additional shares in Costco Wholesale Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 7,682 shares of Costco Wholesale Corporation which is valued at $1,160,059.Costco Wholesale Corporation makes up approximately 0.17% of Hollencrest Securities’s portfolio.
Other Hedge Funds, Including , Fisher Asset Management reduced its stake in COST by selling 130 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 3,276 shares of COST which is valued at $492,317. Cutler Group Lp added COST to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $75,140.Kelman-lazarov boosted its stake in COST in the latest quarter, The investment management firm added 157 additional shares and now holds a total of 320 shares of Costco Wholesale Corporation which is valued at $48,090. Costco Wholesale Corporation makes up approx 0.03% of Kelman-lazarov’s portfolio.Telemus Capital reduced its stake in COST by selling 184 shares or 4.63% in the most recent quarter. The Hedge Fund company now holds 3,790 shares of COST which is valued at $568,424. Costco Wholesale Corporation makes up approx 0.06% of Telemus Capital’s portfolio.
Costco Wholesale Corporation opened for trading at $149.67 and hit $151.14 on the upside on Tuesday, eventually ending the session at $151.01, with a gain of 0.49% or 0.73 points. The heightened volatility saw the trading volume jump to 25,96,769 shares. Company has a market cap of $66,152 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.