Westport Resources Management Inc Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Westport Resources Management Inc reduced its stake in Costco Wholesale Corporation by 1.85% during the most recent quarter end. The investment management company now holds a total of 20,905 shares of Costco Wholesale Corporation which is valued at $3,533,781 after selling 393 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Costco Wholesale Corporation makes up approximately 1.10% of Westport Resources Management Inc’s portfolio.

Other Hedge Funds, Including , Quadrant Capital Group boosted its stake in COST in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 545 shares of Costco Wholesale Corporation which is valued at $91,135. Costco Wholesale Corporation makes up approx 0.06% of Quadrant Capital Group’s portfolio.Strs Ohio reduced its stake in COST by selling 1,023 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 367,406 shares of COST which is valued at $61,044,507. Costco Wholesale Corporation makes up approx 0.26% of Strs Ohio’s portfolio.

Costco Wholesale Corporation opened for trading at $167.21 and hit $168.33 on the upside on Friday, eventually ending the session at $168.02, with a gain of 0.16% or 0.27 points. The heightened volatility saw the trading volume jump to 17,64,785 shares. Company has a market cap of $73,604 M.

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.

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