Stifel Financial Corp Decreased Its Costco Whsl Corp New (COST) Position by $3.32 Million as Share Value Rose

October 2, 2018 - By Clifton Ray

Costco Wholesale Corporation (NASDAQ:COST) LogoInvestors sentiment increased to 1.11 in Q2 2018. Its up 0.19, from 0.92 in 2018Q1. It increased, as 36 investors sold COST shares while 406 reduced holdings. 109 funds opened positions while 380 raised stakes. 305.79 million shares or 0.18% more from 305.24 million shares in 2018Q1 were reported. Mercer Cap Advisers stated it has 0.11% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Alley Com Limited Liability Corp holds 1.25% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 17,779 shares. Cap Int Ltd Ca reported 21,223 shares. 4,675 were accumulated by C M Bidwell And Assocs. Wendell David Associates holds 0.05% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 1,314 shares. Transamerica Advsr Inc owns 1,375 shares or 0.06% of their US portfolio. Steinberg Asset Mngmt holds 0.15% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 4,964 shares. Bremer Tru National Association holds 0.31% in Costco Wholesale Corporation (NASDAQ:COST) or 5,418 shares. 3,158 were reported by Park Avenue Secs. Evermay Wealth Ltd Liability Corporation owns 0.1% invested in Costco Wholesale Corporation (NASDAQ:COST) for 1,447 shares. Moreover, Cambridge Incorporated has 0.11% invested in Costco Wholesale Corporation (NASDAQ:COST) for 49,942 shares. Brinker Inc invested in 2,132 shares or 0.02% of the stock. Planning Limited Liability Corp accumulated 1.44% or 15,283 shares. Ubs Asset Management Americas Inc invested in 0% or 1.63 million shares. Guyasuta Investment Advsr Inc owns 1,043 shares.

Since April 2, 2018, it had 0 insider buys, and 10 selling transactions for $11.79 million activity. On Thursday, April 19 Miller Russell D sold $2.41 million worth of Costco Wholesale Corporation (NASDAQ:COST) or 12,393 shares. On Friday, June 15 the insider GALANTI RICHARD A sold $498,315. On Monday, June 18 MOULTON PAUL G sold $1.16 million worth of Costco Wholesale Corporation (NASDAQ:COST) or 5,585 shares. Hines Daniel M. sold $1.43M worth of stock. Rose Timothy L. had sold 2,500 shares worth $512,970. Murphy James P. also sold $3.29 million worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, July 23.

Stifel Financial Corp decreased its stake in Costco Whsl Corp New (COST) by 1.73% based on its latest 2018Q2 regulatory filing with the SEC. Stifel Financial Corp sold 15,980 shares as the company’s stock rose 18.78% with the market. The institutional investor held 906,681 shares of the department and specialty retail stores company at the end of 2018Q2, valued at $189.34 million, down from 922,661 at the end of the previous reported quarter. Stifel Financial Corp who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $103.53 billion market cap company. The stock increased 0.61% or $1.42 during the last trading session, reaching $236.07. About 1.23M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 51.49% since October 2, 2017 and is uptrending. It has outperformed by 35.87% the S&P500.

Stifel Financial Corp, which manages about $32.59B US Long portfolio, upped its stake in Dte Energy Co (NYSE:DTE) by 40,008 shares to 80,852 shares, valued at $8.35M in 2018Q2, according to the filing. It also increased its holding in Shopify Inc by 31,702 shares in the quarter, for a total of 42,715 shares, and has risen its stake in At&T Inc (NYSE:T).

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on October, 4. They expect $2.31 earnings per share, up 11.06 % or $0.23 from last year’s $2.08 per share. COST’s profit will be $1.01B for 25.55 P/E if the $2.31 EPS becomes a reality. After $1.70 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 35.88 % EPS growth.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Stocks To Watch: Strap In For Q4” on September 29, 2018, also Fool.com with their article: “Could Costco Wholesale Corporation Be a Millionaire-Maker Stock?” published on September 21, 2018, 247Wallst.com published: “Costco, Pepsi, Constellation Brands and More Earnings Coming This Week” on September 30, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Nasdaq.com and their article: “Time to Buy Costco (COST) Stock As Sales Surge & E-Commerce Shines?” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Costco: Is It Still A Good Investment?” with publication date: September 20, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 13 analysts covering Costco (NASDAQ:COST), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Costco had 21 analyst reports since April 12, 2018 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, June 15 with “Buy”. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Thursday, April 12 by Susquehanna. The company was maintained on Thursday, April 12 by Robert W. Baird. Wells Fargo downgraded the shares of COST in report on Friday, September 14 to “Market Perform” rating. The firm has “Outperform” rating by Wells Fargo given on Monday, April 16. Loop Capital Markets initiated Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, May 16 with “Buy” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Overweight” rating by JP Morgan on Monday, September 17. The firm earned “Outperform” rating on Tuesday, July 17 by Raymond James. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Thursday, July 12 by Wells Fargo. The stock has “Outperform” rating by Robert W. Baird on Tuesday, September 4.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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