Boston Common Asset Management LLC Increases Stake in Costco Wholesale Co. (COST)

Cornelia Mascio
Dicembre 7, 2017

Sun Life Financial INC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,198 shares of the retailer's stock after acquiring an additional 3,158 shares during the quarter. Principal Financial Group Inc. now owns 1,221,685 shares of the retailer's stock valued at $195,385,000 after acquiring an additional 527,746 shares in the last quarter.

Costco Wholesale Corporation (NASDAQ:COST) are being monitored closely by investors today as the name is now priced at $187.22, a -0.21% difference from where it most recently opened.

Several other hedge funds have also recently modified their holdings of the stock. Aveo Capital Partners LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $207,000. BlackRock Inc. raised its position in Costco Wholesale by 2.9% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer's stock valued at $266,000 after acquiring an additional 7 shares in the last quarter. GRATRY & Co LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth approximately $271,000. Delta Asset Management LLC TN now owns 627 shares of the retailer's stock worth $100,000 after buying an additional 65 shares during the period.

Let's take a quick look at how the price of Costco Wholesale Corporation (NASDAQ:COST) is now trading in comparison to some of its simple moving averages. Capital World Investors now owns 17,777,162 shares of the retailer's stock valued at $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. Finally, Keel Point LLC raised its holdings in Costco Wholesale by 1.6% during the 2nd quarter. Following the transaction, the director now owns 6,974 shares of the company's stock, valued at $1,150,152.08. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. UBS maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, August 31 with "Buy" rating. Stifel Nicolaus reissued a "buy" rating and issued a $173.00 price target on shares of Costco Wholesale in a research report on Monday, October 9th. Vetr downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating and set a $171.07 price objective for the company.in a research note on Monday, November 6th. Instinet reiterated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 3rd. Finally, Zacks Investment Research cut Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Monday, September 18th. The company presently has an average rating of "Buy" and an average price target of $179.50.

In other Costco Wholesale news, insider John D. Mckay sold 8,111 shares of the business's stock in a transaction on Monday, November 13th. The stock was sold at an average price of $164.92, for a total value of $164,920.00.

Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Also, VP Richard A. Galanti sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the sale, the vice president now owns 41,396 shares in the company, valued at $6,647,369.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,842 shares of company stock worth $5,520,848. The New Jersey-based Raab & Moskowitz Asset Mngmt Ltd Company has invested 0.31% in Comcast Corporation (NASDAQ:CMCSA).

Shares of Costco Wholesale Co. The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Outperform" rating given on Friday, September 30 by RBC Capital Markets. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. analysts expect that Costco Wholesale Co. will post 6.46 EPS for the current year. The Ontario - Canada-based National Bank Of Montreal Can has invested 0% in Tennant Company (NYSE:TNC). The company has a market cap of $82,075.39, a PE ratio of 32.27, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. The P/S ratio for Costco Wholesale Corporation is 0.64. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The business had revenue of $42.30 billion during the quarter, compared to analysts' expectations of $41.55 billion. During the same quarter in the previous year, the company earned $1.77 EPS. (NYSE:VZ) news were published by: Usnews.com which released: "Verizon Is Primed For a Big 2018" on November 20, 2017, also Reuters.com with their article: "Verizon close to announcing digital streaming deal with NFL: Bloomberg" published on November 18, 2017, Fool.com published: "Better Buy: AT&T Inc. vs. Verizon Communications" on December 04, 2017. Stockholders of record on Friday, November 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Northstar Asset Mgmt Limited Liability Corp reported 0.1% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST).

ILLEGAL ACTIVITY NOTICE: "Covington Capital Management Has $14.94 Million Position in Costco Wholesale Co. (COST)" was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune.

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