Credit Suisse Group Reiterates "Outperform" Rating for Costco Wholesale Corporation (COST)

Marco Green
October 22, 2017

Sumitomo Life Insurance Company sold 4,130 shares as Nextera Energy Inc Com (NEE)'s stock rose 8.22%. 3,993,227 shares of the stock were exchanged. The stock increased 0.83% or $0.53 on October 20, reaching $64.04. About 128,244 shares traded. Diamondback Energy Inc (NASDAQ:FANG) has risen 18.62% since October 21, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Bristol John W & Company Inc decreased Costco Whsl Corp New (COST) stake by 11.22% reported in 2017Q2 SEC filing. Covington Capital Management acquired 3,929 shares as Costco Whsl Corp New (COST)'s stock rose 1.54%. The Alpine Partners Vi Llc holds 6,000 shares with $960,000 value, up from 2,795 last quarter. Argentiere Capital Ag who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $69.67B market cap company.

Arcadia Investment Management Corp/mi reduced its investment by shedding 1,073 shares a decrease of 2.4%. The fund owned 6,299 shares of the retailer's stock after buying an additional 2,193 shares during the quarter.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Wednesday, December 7th. It has outperformed by 8.44% the S&P500.

Connor Clark & Lunn Investment Management Ltd decreased Toronto (NYSE:TD) stake by 258,460 shares to 21.53M valued at $1.08B in 2017Q2. Its up 17.44% from 12.87 million shares previously.

Since June 5, 2017, it had 0 insider buys, and 3 insider sales for $2.36 million activity. Murphy James P. had sold 5,000 shares worth $906,504 on Wednesday, June 7.

Investors sentiment increased to 1.28 in Q2 2017. Its down 0.08, from 1.12 in 2017Q1. Mosaic Family Wealth LLC grew its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter.

A number of hedge funds have recently made changes to their positions in COST. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. Spinnaker stated it has 0.03% in Costco Wholesale Corporation (NASDAQ:COST). Phocas Financial Corp accumulated 0% or 250 shares. Nelson Van Denburg & Campbell Wealth Management Group Incorporated Limited Liability Company invested 0.01% in Costco Wholesale Corporation (NASDAQ:COST). More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Fool.com and their article: "Investors Are Giving Up on Costco Wholesale Corporation" published on October 09, 2017 as well as Investorplace.com's news article titled: "Costco Wholesale Corporation Slides on “Just Good” Earnings" with publication date: October 05, 2017. Wetherby Asset Mngmt invested in 11,646 shares or 0.32% of the stock. It dropped, as 45 investors sold DHI shares while 183 reduced holdings. Missouri-based Duncker Streett & Company has invested 0.08% in Costco Wholesale Corporation (NASDAQ:COST). $906,598 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Hines Daniel M. Tower Bridge Advsrs stated it has 0% in Costco Wholesale Corporation (NASDAQ:COST). Winslow Mgmt Ltd Liability Corporation stated it has 0% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). The company has market cap of $915.10 million.

10/06/2017 - Costco Wholesale Corporation had its "hold" rating reiterated by analysts at Jefferies. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 65% are positive. On average, equities analysts anticipate that Costco Wholesale Corporation will post $6.43 EPS for the current year. Hanson And Doremus Inv Mngmt holds 0.82% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 13,945 shares. Cowen and Company reissued an outperform rating and set a $190.00 price target on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. The stock now has an average rating of "Buy" and an average price target of $178.50. The company was maintained on Thursday, August 3 by Wells Fargo. The rating was maintained by Northland Capital with "Outperform" on Friday, August 7. On Friday, October 6 the stock rating was maintained by Citigroup with "Buy". The rating was maintained by Oppenheimer with "Buy" on Thursday, July 6.

10/06/2017 - Costco Wholesale Corporation had its "hold" rating reiterated by analysts at Deutsche Bank.

Among 37 analysts covering The Walt Disney Company (NYSE:DIS), 20 have Buy rating, 3 Sell and 14 Hold. The retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.06. FANG's profit will be $112.84M for 22.29 P/E if the $1.15 EPS becomes a reality. After $1.58 actual EPS reported by Walt Disney Co for the previous quarter, Wall Street now forecasts -23.42% negative EPS growth. It is positive, as 77 investors sold DIS shares while 606 reduced holdings. Its up 0.40, from 0.88 in 2017Q1. 68 funds opened positions while 168 raised stakes. C M Bidwell Assoc Ltd holds 0.02% or 3,240 shares. Fifth Third Savings Bank has invested 0.03% of its portfolio in Paychex, Inc. Boston Family Office Limited Liability Corporation holds 1,563 shares. Northstar holds 19,977 shares. Bright Rock Capital Mngmt Ltd Llc, a Massachusetts-based fund reported 14,100 shares. 237.67 million shares or 1.25% less from 240.68 million shares in 2017Q1 were reported. Michigan-based Comerica Bank has invested 0.06% in D. R. Horton Inc (NYSE:DHI). Lodestar Counsel Ltd Limited Liability Company Il owns 2,579 shares for 0.05% of their portfolio. Burke And Herbert Bank & Trust And Trust Company reported 0.2% stake. Mercer Capital Advisers Inc. now owns 687 shares of the retailer's stock valued at $110,000 after buying an additional 23 shares during the period. Ritchie Bros Auctioneers (NYSE:RBA) was raised too.

Since May 11, 2017, it had 0 buys, and 1 sale for $1.32 million activity. Silagy Eric E had sold 8,111 shares worth $1.14 million.

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