Highland Private Wealth Management Purchases New Stake in Costco Wholesale Co. (COST)
- Marvin Ford
Destination Wealth Management acquired 3,015 shares as Pepsico Inc (PEP)'s stock rose 5.12%. Telemus Cap Ltd Liability Co accumulated 0.03% or 1,489 shares. The shares were sold at an average price of $161.97, for a total transaction of $161,970.00. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned "Hold" rating by BMO Capital Markets on Friday, October 6. It has outperformed by 8.44% the S&P500.
Montag A & Associates Inc increased its stake in Copart Inc (CPRT) by 118.62% based on its latest 2017Q2 regulatory filing with the SEC. Following the transaction, the director now owns 717,296 shares of the company's stock, valued at $119,322,189.60. Finally, Wells Fargo & Company reiterated a hold rating on shares of Costco Wholesale in a report on Thursday, August 3rd. Costco Wholesale Corp now has $80.90B valuation.
The stock increased 2.19% or $0.66 during the last trading session, reaching $30.75. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 3, 2016 and is uptrending. It has outperformed by 20.30% the S&P500.
More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: "Will Amazon Disrupt The Business Model Of Costco?" on November 28, 2017, also Nasdaq.com with their article: "Costco Wholesale Corporation (COST) Ex-Dividend Date Scheduled for November 16 ..." published on November 15, 2017, Seekingalpha.com published: "Costco Posts Astronomical November Comps, Belongs Over $200" on December 01, 2017.
Capital World Investors now owns 17,777,162 shares of the retailer's stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares during the last quarter. Its up 0.10, from 1.14 in 2017Q1. It improved, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. First Allied Advisory Ser Inc reported 75,587 shares stake. Warren Averett Asset Mgmt Llc invested in 7,679 shares. Glenmede Trust Company Na stated it has 0% in Tennant Company (NYSE:TNC).
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Shelton Management accumulated 2,778 shares or 0.03% of the stock. (NASDAQ:SNI) for 9,880 shares. (NASDAQ:SNI) for 13,220 shares. The average twelve-month target price among brokers that have issued ratings on the stock in the a year ago is $85.80.
Costco Wholesale (COST) traded up $0.70 during midday trading on Wednesday, reaching $185.13. Navellier & Assocs accumulated 6,300 shares. Blair William And Communications Il holds 576,445 shares.
Knott David M, which manages about $239.58M US Long portfolio, upped its stake in Verizon Communications Inc. 57,039 are owned by Segall Bryant & Hamill Ltd Company. Citadel Advsr Ltd Liability Com has invested 0.06% in Costco Wholesale Corporation (NASDAQ:COST). Franklin Street Nc has 2,526 shares for 0.07% of their portfolio. Principal invested in 16,810 shares. Hollencrest Secs Ltd Company stated it has 4,915 shares. Palisade Mngmt Lc Nj has invested 0.04% in Costco Wholesale Corporation (NASDAQ:COST).
Sigma Planning Corp decreased Global Net Lease Inc stake by 19,164 shares to 77,966 valued at $1.73 million in 2017Q2.
Since June 5, 2017, it had 0 buys, and 2 sales for $1.81 million activity. McKay John D sold $544,810 worth of stock. $906,598 worth of stock was sold by Hines Daniel M. on Tuesday, June 6. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Therefore 42% are positive. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $185.18. The company presently has an average rating of "Buy" and an average target price of $178.71. Stifel Nicolaus set a $173.00 target price on Costco Wholesale and gave the company a buy rating in a report on Thursday, August 3rd. The firm has "Buy" rating given on Thursday, August 27 by Vetr. (NASDAQ:IDTI) has "Overweight" rating given on Thursday, August 18 by JP Morgan. As per Friday, October 2, the company rating was maintained by Sterne Agee CRT. Credit Suisse Group AG reaffirmed a "buy" rating and set a $175.00 price target on shares of Costco Wholesale in a report on Sunday, February 5th. Zacks Investment Research raised shares of Costco Wholesale from a "hold" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Tuesday, September 19th. The rating was maintained by RBC Capital Markets with "Hold" on Friday, March 24. The rating was maintained by Barclays Capital on Friday, September 23 with "Equal-Weight".
Investors sentiment decreased to 1.01 in Q2 2017. Its up 8.06, from 1.2 in 2017Q1. It is negative, as 68 investors sold CMCSA shares while 503 reduced holdings. 337.64 million shares or 298.34% more from 84.76 million shares in 2017Q1 were reported. Atalanta Sosnoff Cap Limited Liability owns 39,152 shares. Citigroup has 29,836 shares. Ls Invest Ltd Liability Company has invested 0% in Tennant Company (NYSE:TNC). Finally, Moors & Cabot Inc. raised its stake in Costco Wholesale by 167.6% during the second quarter. 7,706 are held by Chartist Inc Ca. (NASDAQ:CPRT) for 62,170 shares. Baystate Wealth Mngmt Limited Liability Com accumulated 539 shares or 0.01% of the stock. Qvt Finance LP invested in 0.09% or 121,653 shares. Moreover, Madison has 1.34% invested in Copart, Inc. Signaturefd Limited has invested 0.03% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Emory University invested 1.4% in ACADIA Pharmaceuticals Inc. Vanguard Group Inc. now owns 33,640,766 shares of the retailer's stock worth $5,380,168,000 after acquiring an additional 937,121 shares during the last quarter. It also reduced its holding in Guggenheim S&P 500 Equal Weight Etf (RSP) by 5,000 shares in the quarter, leaving it with 11,914 shares, and cut its stake in Lvmh Moet Hennessy Louis Vuitton Se.
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