Moffett Nathanson Initiates Coverage on Costco Wholesale (COST)

Cornelia Mascio
Dicembre 15, 2017

Holland Capital Management Llc sold 11,051 shares as the company's stock rose 1.54% with the market. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. Washington Trust Bank who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $82.06 billion market cap company. The stock decreased 0.01% or $0.02 during the last trading session, reaching $188.28. The shares were sold at an average price of $172.78, for a total transaction of $1,401,418.58. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 15, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Murphy Pohlad Asset Management Llc increased its stake in General Electric Co (GE) by 20.58% based on its latest 2017Q2 regulatory filing with the SEC.

COST just released its first-quarter fiscal 2018 results, posting earnings, $1.45 per share and revenues of $31.8 billion. The stock increased 5.66% or $0.15 during the last trading session, reaching $2.8. About 48.55M shares traded. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: "Costco: Now It Will Be Stronger Than Ever" published on December 13, 2017 as well as Nasdaq.com's news article titled: "Earnings Reaction History: Costco Wholesale Corporation, 66.7% Follow-Through ..." with publication date: December 14, 2017. It has underperformed by 18.96% the S&P500. Therefore 80% are positive. The company's distance from 52-week high price is -1.10% and the current price is 26.07% away from 52-week low price. The stock was sold at an average price of $164.92, for a total transaction of $164,920.00.

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now. and Costco Wholesale wasn't one of them!

The ability to consistently grow earnings at a high compound rate is a defining characteristic of the best companies for long-term investment. The rating was maintained by Robert W. Baird on Wednesday, November 15 with "Buy". The firm has "Mkt Perform" rating by Bernstein given on Monday, February 6. Goldman Sachs downgraded the stock to "Sell" rating in Tuesday, October 18 report. The firm earned "Buy" rating on Friday, July 7 by BMO Capital Markets. Stifel Nicolaus maintained the shares of GE in report on Monday, October 19 with "Buy" rating. Moreover, Archford Capital Strategies Llc has 2.75% invested in the company for 77,143 shares.

Since August 1, 2017, it had 0 insider buys, and 2 insider sales for $220,154 activity. Another trade for 600 shares valued at $2,340 was sold by ELDER WILLIAM W R.

Costco also kept reaping the rewards of its midyear membership fee increase in 2017. COST has a beta of 0.97 and BIG's beta is 1.00. It improved, as 64 investors sold COST shares while 376 reduced holdings.

BLACKROCK INC. raised its stake in NIC Inc. Rosenblum Silverman Sutton S F Ca, a California-based fund reported 187,989 shares. Buffington Mohr Mcneal holds 3% or 47,527 shares. Institutional owners hold 5.30% stake in the company while Insiders ownership held at 0.90%. Hgk Asset holds 26,143 shares or 0.1% of its portfolio. Suntrust Banks holds 0.19% or 210,728 shares. Brightworth lifted its position in shares of Costco Wholesale by 0.3% during the 2nd quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer's stock worth $361,000 after purchasing an additional 17 shares during the last quarter. MOULTON PAUL G sold 8,696 shares worth $1.40 million. Advsr Asset Management has invested 0.37% in General Electric Company (NYSE:GE). The option since executed brings Mckay ownership to 66751 shares.

Atlanta Capital Group, which manages about $1.02B and $608.26M US Long portfolio, upped its stake in Ishares Tr (ITOT) by 29,619 shares to 165,138 shares, valued at $9.15 million in 2017Q2, according to the filing. Finally, Cetera Investment Advisers lifted its position in shares of Costco Wholesale by 0.5% during the 2nd quarter. Therefore 65% are positive. COST is down around 20.33% from its 12-month high of $150 notched on Jul 21, 2017 but is 113.76% above its highest point the past 12 months of $-25.9 a share. This short time frame picture represents an upward movement of current price over average price of last 20 days. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale during the second quarter valued at $107,000. The firm has "Market Outperform" rating by JMP Securities given on Wednesday, March 9. Deutsche Bank has "Buy" rating and $195 target. As per Tuesday, August 16, the company rating was maintained by Citigroup. The firm has "Buy" rating given on Monday, August 24 by Vetr. Costco Wholesale presently has an average rating of "Buy" and an average price target of $179.50. Kansas-based Waddell And Reed Finance Inc has invested 0.48% in Costco Wholesale Corporation (NASDAQ:COST).

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