Costco Wholesale Corporation (COST) : Stillwater Investment Management scooped up 112 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 5, 2016. The investment management firm now holds a total of 12,387 shares of Costco Wholesale Corporation which is valued at $1,857,802.Costco Wholesale Corporation makes up approximately 1.01% of Stillwater Investment Management’s portfolio.
Other Hedge Funds, Including , Indiana Trust Investment Management Co reduced its stake in COST by selling 369 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 11,421 shares of COST which is valued at $1,712,922. Costco Wholesale Corporation makes up approx 0.90% of Indiana Trust Investment Management Co’s portfolio.Eqis Capital Management reduced its stake in COST by selling 395 shares or 10.7% in the most recent quarter. The Hedge Fund company now holds 3,297 shares of COST which is valued at $494,484. Costco Wholesale Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.Washington Trust Bank reduced its stake in COST by selling 454 shares or 2.29% in the most recent quarter. The Hedge Fund company now holds 19,403 shares of COST which is valued at $2,910,062. Costco Wholesale Corporation makes up approx 0.70% of Washington Trust Bank’s portfolio.Harbour Capital Advisors reduced its stake in COST by selling 104 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 8,601 shares of COST which is valued at $1,289,978. Costco Wholesale Corporation makes up approx 0.69% of Harbour Capital Advisors’s portfolio. Highwater Wealth Management added COST to its portfolio by purchasing 1,945 company shares during the most recent quarter which is valued at $291,711. Costco Wholesale Corporation makes up approx 1.64% of Highwater Wealth Management’s portfolio.
Costco Wholesale Corporation closed down -0.53 points or -0.35% at $150.48 with 28,40,515 shares getting traded on Tuesday. Post opening the session at $151.47, the shares hit an intraday low of $149.49 and an intraday high of $151.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.