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Costco Wholesale Corp (NASDAQ:COST) Institutional Investors Sentiment Index Increased in Q2 2017

December 11, 2017 - By Hazel Jackson

 Costco Wholesale Corp (NASDAQ:COST) Institutional Investors Sentiment Index  Increased in  Q2 2017

Sentiment for Costco Wholesale Corp (NASDAQ:COST)

Costco Wholesale Corp (NASDAQ:COST) institutional sentiment increased to 1.28 in Q2 2017. Its up 0.40, from 0.88 in 2017Q1. The ratio is better, as 561 funds increased or started new positions, while 440 trimmed and sold stock positions in Costco Wholesale Corp. The funds in our partner’s database reported: 311.53 million shares, down from 318.75 million shares in 2017Q1. Also, the number of funds holding Costco Wholesale Corp in their top 10 positions decreased from 38 to 32 for a decrease of 6. Sold All: 64 Reduced: 376 Increased: 438 New Position: 123.

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. The company has market cap of $82.12 billion. It offers branded and private-label products in a range of merchandise categories. It has a 30.91 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 decreased 0.07% or $0.14 during the last trading session, reaching $187.93. About 570,865 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 11, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Raiff Partners Inc holds 9.21% of its portfolio in Costco Wholesale Corporation for 20,000 shares. Tam Capital Management Inc. owns 27,433 shares or 9.21% of their US portfolio. Moreover, Greenbrier Partners Capital Management Llc has 7.58% invested in the company for 225,000 shares. The New York-based R. G. Niederhoffer Capital Management Inc has invested 7.01% in the stock. Capital Investment Counsel Inc, a North Carolina-based fund reported 87,232 shares.#img1#

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Ratings analysis reveals 65% of Costco Wholesale’s analysts are positive. Out of 31 Wall Street analysts rating Costco Wholesale, 20 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $144.0 while the high is $202.0. The stock’s average target of $182.19 is -3.05% below today’s ($187.93) share price. COST was included in 107 notes of analysts from August 24, 2015. The rating was reinitiated by Credit Suisse with “Outperform” on Thursday, December 8. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Tuesday, May 31 by Deutsche Bank. The firm has “Peer Perform” rating by Wolfe Research given on Friday, April 29. The company was maintained on Thursday, December 8 by RBC Capital Markets. Goldman Sachs upgraded Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, June 1 to “Buy” rating. The firm earned “Neutral” rating on Friday, February 26 by Cleveland. The firm earned “Outperform” rating on Friday, February 5 by BMO Capital Markets. The rating was upgraded by Northcoast to “Buy” on Tuesday, June 20. RBC Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, May 26 with “Buy” rating. The company was maintained on Monday, June 19 by Oppenheimer.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco Posts Astronomical November Comps, Belongs Over $200” on December 01, 2017, also Fool.com with their article: “Costco Wholesale Corporation Just Silenced the Doubters” published on December 04, 2017, Seekingalpha.com published: “Will Amazon Disrupt The Business Model Of Costco?” on November 28, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Should You Buy Costco At Today’s Price?” published on November 28, 2017 as well as Fool.com‘s news article titled: “Better Buy: Costco Wholesale Corporation vs. Amazon.com” with publication date: November 15, 2017.

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