Cardinal Capital Management Raises Holdings in Costco Wholesale Co. (COST)

Elias Hubbard
December 17, 2017

Chilton Investment Co Llc bought 33,885 shares as the company's stock rose 1.54% with the market. The stock increased 3.32% or $6.2 during the last trading session, reaching $192.73. About 8.45M shares traded or 168.38% up from the average.

Ken Heebner increased its stake in Nvr Inc (NVR) by 90% based on its latest 2017Q2 regulatory filing with the SEC. Moors & Cabot Inc bought 23,674 shares as the company's stock rose 8.37% with the market. The institutional investor held 1,864 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $298.00 million, up from 1,207 at the end of the previous reported quarter. Gsa Cap Llp owns 0.33% invested in Costco Wholesale Corporation (NASDAQ:COST) for 31,260 shares. The stock increased 1.93% or $1.47 during the last trading session, reaching $77.63.

In other news, insider John D. Mckay sold 8,111 shares of the business's stock in a transaction dated Monday, November 13th. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since December 17, 2016 and is downtrending. It has underperformed by 16.70% the S&P500. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-three have given a buy rating to the company. Therefore 60% are positive. Gilead Sciences had 107 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with "Buy" on Friday, September 15. Morgan Stanley set a $175.00 price target on Costco Wholesale and gave the company a "hold" rating in a report on Friday. On Wednesday, October 4 the stock rating was initiated by Piper Jaffray with "Buy". The company was maintained on Friday, October 6 by Citigroup. The rating was maintained by Jefferies with "Hold" on Thursday, September 28. Oppenheimer maintained the stock with "Buy" rating in Monday, June 19 report. The firm has "Market Perform" rating by Wells Fargo given on Tuesday, October 18.

Analysts await Gran Tierra Energy Inc. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. After $0.01 actual EPS reported by Gran Tierra Energy Inc. for the previous quarter, Wall Street now forecasts 400.00% EPS growth. Investors of record on Friday, November 17th were given a $0.50 dividend. Its the same as in 2017Q1. It also reduced Panera Bread Co (NASDAQ:PNRA) stake by 2,995 shares and now owns 7,013 shares. Highland Cap Mngmt Lc holds 0.61% or 47,544 shares in its portfolio. Aqr Ltd Limited Liability Company holds 689,195 shares or 0.06% of its portfolio. Buffington Mohr Mcneal reported 3% stake. BPOL's SI was 1,400 shares in December as released by FINRA. Automobile Association holds 0.11% or 228,399 shares in its portfolio. 12,142 are owned by Intersect Capital Ltd. Covington Inv Inc invested in 5,625 shares or 0.34% of the stock. BlackRock Inc. now owns 24,905,256 shares of the retailer's stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter.

Costco Wholesale now trading at $186.53 per share on the Nasdaq stock exchange. Therefore 65% are positive.

Retailer Costco Wholesale Corp on Thursday reported quarterly profit and revenue that beat analysts' estimates, as its investments in online business paid off. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned "Buy" rating by Stifel Nicolaus on Friday, June 23. The rating was maintained by Robert W. Baird with "Buy" on Thursday, August 31. The firm has "Hold" rating by BMO Capital Markets given on Monday, August 28. The rating was upgraded by Goldman Sachs on Wednesday, June 1 to "Buy". RBC Capital Markets initiated Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, May 3 with "Outperform" rating. Citigroup maintained it with "Buy" rating and $780 target in Friday, April 29 report. Susquehanna Bancshares boosted their target price on Costco Wholesale from $205.00 to $215.00 and gave the stock a "positive" rating in a research report on Friday. Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Friday, February 12. It also reduced its holding in Mondelez Intl Inc (NASDAQ:MDLZ) by 25,950 shares in the quarter, leaving it with 98,975 shares, and cut its stake in Aon Corp. Finally, ING Groep NV increased its stake in shares of Costco Wholesale Corporation by 1,042.3% in the fourth quarter. The retailer reported $1.36 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.35 by $0.01. It improved, as 64 investors sold COST shares while 376 reduced holdings.

Several other hedge funds and other institutional investors also 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. Deutsche Comml Bank Ag owns 6,722 shares. Fic holds 9,050 shares or 0.6% of its portfolio. Godshalk Welsh Management accumulated 9,645 shares. Moreover, Advsrs Asset Mngmt Incorporated has 0.01% invested in Science Applications International Corporation (NYSE:SAIC). Bnp Paribas Arbitrage Sa owns 132,075 shares. Cap Invsts holds 0.67% or 17.78 million shares in its portfolio. Carret Asset Ltd Limited Liability Company has invested 0.04% in Costco Wholesale Corporation (NASDAQ:COST). Its down 22.22% from 1,800 shares previously. The business's quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts expect that Costco Wholesale will post 6.5 earnings per share for the current year.

Investors sentiment increased to 1.28 in Q2 2017. 2,500 were reported by Cypress. Braun Stacey Associates Inc has invested 0.55% in Costco Wholesale Corporation (NASDAQ:COST). Public Employees Retirement Association Of Colorado invested in 3.13M shares. State Board Of Administration Of Florida Retirement Systems accumulated 636,901 shares.

Since August 1, 2017, it had 0 insider buys, and 7 insider sales for $4.30 million activity. 8,696 shares valued at $1.40M were sold by MOULTON PAUL G on Friday, October 20. Another trade for 1,000 shares valued at $164,920 was sold by MEISENBACH JOHN W.

Other reports by Click Lancashire

Discuss This Article