As Costco Wholesale Corp (COST) Market Value Rose, Kimelman & Baird LLC Raised by $13.55 Million Its Position

December 14, 2017 - By Peter Erickson

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.40, from 0.88 in 2017Q1. It is positive, as 64 investors sold COST shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. Morgan Stanley has 0.25% invested in Costco Wholesale Corporation (NASDAQ:COST) for 5.24 million shares. Baring Asset Management Ltd has invested 0.1% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). R G Niederhoffer Incorporated holds 7.01% or 5,300 shares in its portfolio. Mirae Asset Global Invests Limited has 108,356 shares for 0.3% of their portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment accumulated 0.04% or 28,700 shares. Vestor Capital Llc invested in 487 shares or 0.02% of the stock. Bluemountain Cap Management Limited Liability Corp holds 0% in Costco Wholesale Corporation (NASDAQ:COST) or 1,169 shares. Pennsylvania-based Nationwide Fund has invested 0.14% in Costco Wholesale Corporation (NASDAQ:COST). Kayne Anderson Rudnick Mngmt Ltd Company has 96,507 shares. Amalgamated National Bank & Trust holds 0.27% or 51,686 shares in its portfolio. Balyasny Asset Mngmt Ltd Llc stated it has 12,033 shares or 0.01% of all its holdings. Manchester Mgmt Lc holds 0.13% or 5,153 shares. Natixis Asset Mngmt stated it has 4,320 shares or 0.06% of all its holdings. 24,104 are owned by Rand Wealth Ltd Limited Liability Company. Old Commercial Bank In stated it has 0.77% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST).

Since August 1, 2017, it had 0 insider buys, and 7 sales for $4.30 million activity. $809,578 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by ZOOK DENNIS R on Wednesday, October 4. The insider MEISENBACH JOHN W sold $157,590. 5,000 shares were sold by GALANTI RICHARD A, worth $802,892.

Kimelman & Baird Llc increased its stake in Costco Wholesale Corp (COST) by 2933.59% based on its latest 2017Q2 regulatory filing with the SEC. Kimelman & Baird Llc bought 85,250 shares as the company’s stock rose 1.54% with the market. The institutional investor held 88,156 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $14.10 million, up from 2,906 at the end of the previous reported quarter. Kimelman & Baird Llc who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $81.46B market cap company. The stock decreased 0.99% or $1.86 during the last trading session, reaching $186.42. About 2.07 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 14, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Kimelman & Baird Llc, which manages about $744.30 million and $659.86 million US Long portfolio, decreased its stake in Cantel Medical Corp (NYSE:CMN) by 124,543 shares to 224,098 shares, valued at $17.46M in 2017Q2, according to the filing.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Setting Up For Costco Earnings” on December 10, 2017, also Fool.com with their article: “Why 2017 Was a Year to Forget for Costco Wholesale Corporation” published on December 02, 2017, Investorplace.com published: “Costco Wholesale Corporation Stock Is Set to Fall After Earnings” on December 14, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Costco: Now It Will Be Stronger Than Ever” published on December 13, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Costco Wholesale Corporation, 66.7% Follow-Through …” with publication date: December 14, 2017.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 31 analysts covering Costco Wholesale (NASDAQ:COST), 20 have Buy rating, 0 Sell and 11 Hold. Therefore 65% are positive. Costco Wholesale had 107 analyst reports since August 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of COST in report on Thursday, June 29 with “Buy” rating. The company was downgraded on Monday, July 10 by BMO Capital Markets. Cowen & Co maintained it with “Buy” rating and $180.0 target in Thursday, August 24 report. Citigroup initiated Costco Wholesale Corporation (NASDAQ:COST) on Monday, November 9 with “Neutral” rating. Robert W. Baird maintained it with “Buy” rating and $200.0 target in Friday, August 25 report. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 9. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, September 23. Northcoast downgraded the shares of COST in report on Tuesday, November 3 to “Neutral” rating. As per Monday, December 5, the company rating was maintained by Deutsche Bank. Guggenheim maintained the stock with “Hold” rating in Wednesday, November 22 report.

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