Institutional Investors Negative on on Costco Wholesale Corp Dropped

Costco Wholesale Corporation (NASDAQ:COST) Logo

Sentiment for Costco Wholesale Corp (NASDAQ:COST)

Costco Wholesale Corp (NASDAQ:COST) institutional sentiment decreased to 1.16 in Q2 2019. Its down -0.10, from 1.26 in 2019Q1. The ratio fall, as 534 institutional investors started new and increased holdings, while 461 reduced and sold their holdings in Costco Wholesale Corp. The institutional investors in our partner’s database now own: 302.04 million shares, up from 300.70 million shares in 2019Q1. Also, the number of institutional investors holding Costco Wholesale Corp in their top 10 holdings decreased from 56 to 55 for a decrease of 1. Sold All: 31 Reduced: 430 Increased: 411 New Position: 123.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company has market cap of $128.02 billion. It offers branded and private-label products in a range of merchandise categories. It has a 35.87 P/E ratio. The firm provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio; meat, bakery, deli, and produces; and apparel and small appliances.

The stock increased 0.69% or $2.01 during the last trading session, reaching $291.9. About 2.08 million shares traded or 7.15% up from the average. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.80% since September 13, 2018 and is uptrending. It has outperformed by 25.80% the S&P500.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on October, 3 after the close. They expect $2.53 EPS, up 7.20 % or $0.17 from last year’s $2.36 per share. COST’s profit will be $1.11B for 28.84 P/E if the $2.53 EPS becomes a reality. After $1.89 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 33.86 % EPS growth.

Greenbrier Partners Capital Management Llc holds 11.07% of its portfolio in Costco Wholesale Corporation for 250,000 shares. Norman Fields Gottscho Capital Management Llc owns 64,844 shares or 8.59% of their US portfolio. Moreover, Capital Investment Counsel Inc has 7.61% invested in the company for 80,257 shares. The New York-based Capital Counsel Llc Ny has invested 6.39% in the stock. Provident Trust Co, a Wisconsin-based fund reported 700,050 shares.

Since January 1, 0001, it had 1 buy, and 0 sales for $727,935 activity.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Ratings analysis reveals 58% of Costco’s analysts are positive. Out of 12 Wall Street analysts rating Costco, 7 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $23000 while the high is $33500. The stock’s average target of $288.92 is -1.02% below today’s ($291.9) share price. COST was included in 23 notes of analysts from March 19, 2019. The firm earned “Outperform” rating on Wednesday, April 24 by Robert W. Baird. The company was maintained on Monday, September 9 by UBS. The stock has “Perform” rating by Oppenheimer on Wednesday, September 11. The stock has “Market Perform” rating by Wells Fargo on Thursday, May 9. As per Thursday, April 11, the company rating was maintained by Stifel Nicolaus. JP Morgan maintained the stock with “Overweight” rating in Monday, September 9 report. The company was initiated on Tuesday, March 19 by Nomura. The rating was maintained by Robert W. Baird on Friday, September 6 with “Outperform”. The firm has “Outperform” rating by Robert W. Baird given on Thursday, July 11. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, June 3 report.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Nasdaq.com which released: “Issuers spot opportunity to take out high-cost debt – Nasdaq” on August 30, 2019, also Nasdaq.com with their article: “Noteworthy Thursday Option Activity: GS, COST, MSFT – Nasdaq” published on August 15, 2019, Nasdaq.com published: “Deduct Expenses for Long-Term Care on Your Tax Return – Nasdaq” on September 03, 2019. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Nasdaq.com and their article: “Lloyds warns PPI could cost it an extra 1.8 bln pounds – Nasdaq” published on September 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is There An Opportunity With Incyte Corporation’s (NASDAQ:INCY) 29% Undervaluation? – Yahoo Finance” with publication date: September 12, 2019.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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