Costco Wholesale Corporation COST (NYSE:COST): BMO Capital Markets Keeps “Outperform” Rating Today, Has a Target of $195.00/Share

June 19, 2017 - By Peter Erickson

 Costco Wholesale Corporation COST (NYSE:COST): BMO Capital Markets Keeps

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.16, from 0.94 in 2016Q3. It improved, as 59 investors sold Costco Wholesale Corporation shares while 405 reduced holdings. 116 funds opened positions while 395 raised stakes. 313.68 million shares or 1.52% more from 308.97 million shares in 2016Q3 were reported.

Yhb Advsrs invested in 1.67% or 50,168 shares. Hartford Inv invested in 0.32% or 106,180 shares. Moreover, Rdl has 0.41% invested in Costco Wholesale Corporation (NASDAQ:COST) for 3,845 shares. Factory Mutual Insurance holds 213,000 shares. Wealth Enhancement Advisory Services Limited Liability Com has 0.08% invested in Costco Wholesale Corporation (NASDAQ:COST) for 4,358 shares. 5,291 were accumulated by Quantitative Systematic Strategies Limited Liability Company. Toronto Dominion Bankshares holds 0.04% in Costco Wholesale Corporation (NASDAQ:COST) or 77,468 shares. Richard Bernstein Ltd Com invested in 0.05% or 3,575 shares. Train Babcock Advisors Limited Liability Corporation reported 1,902 shares. Gemmer Asset Mngmt Limited Company holds 10,538 shares or 0.85% of its portfolio. Zacks holds 0.07% in Costco Wholesale Corporation (NASDAQ:COST) or 16,285 shares. Marco Inv Mngmt Limited Liability Corp holds 2.01% or 71,952 shares. Amalgamated Bank reported 47,258 shares. Hirtle Callaghan And Com Limited Liability Com reported 44 shares. Stephens Ar holds 0.28% or 43,055 shares in its portfolio.

Since December 28, 2016, it had 0 insider purchases, and 9 selling transactions for $23.42 million activity. Shares for $16.64 million were sold by SINEGAL JAMES D on Friday, March 24. Another trade for 4,948 shares valued at $832,501 was sold by McKay John D. The insider Rose Timothy L. sold $667,799. The insider Murphy James P. sold 5,000 shares worth $906,504. $906,598 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Hines Daniel M.. Shares for $514,302 were sold by Vachris Roland Michael. $112,794 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by PETTERSON DAVID S.

Costco Wholesale Corporation COST (NYSE:COST) Rating Reaffirmed

They currently have a $195.00 PT on Costco Wholesale Corporation COST (NYSE:COST). The target price by BMO Capital Markets would suggest a potential upside of 16.69 % from the company’s close price. This has been disclosed to clients in a report on Friday morning.

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.16, from 0.94 in 2016Q3. It improved, as 59 investors sold Costco Wholesale Corporation shares while 405 reduced holdings. 116 funds opened positions while 395 raised stakes. 313.68 million shares or 1.52% more from 308.97 million shares in 2016Q3 were reported.

Yhb Advsrs invested in 1.67% or 50,168 shares. Hartford Inv invested in 0.32% or 106,180 shares. Moreover, Rdl has 0.41% invested in Costco Wholesale Corporation (NASDAQ:COST) for 3,845 shares. Factory Mutual Insurance holds 213,000 shares. Wealth Enhancement Advisory Services Limited Liability Com has 0.08% invested in Costco Wholesale Corporation (NASDAQ:COST) for 4,358 shares. 5,291 were accumulated by Quantitative Systematic Strategies Limited Liability Company. Toronto Dominion Bankshares holds 0.04% in Costco Wholesale Corporation (NASDAQ:COST) or 77,468 shares. Richard Bernstein Ltd Com invested in 0.05% or 3,575 shares. Train Babcock Advisors Limited Liability Corporation reported 1,902 shares. Gemmer Asset Mngmt Limited Company holds 10,538 shares or 0.85% of its portfolio. Zacks holds 0.07% in Costco Wholesale Corporation (NASDAQ:COST) or 16,285 shares. Marco Inv Mngmt Limited Liability Corp holds 2.01% or 71,952 shares. Amalgamated Bank reported 47,258 shares. Hirtle Callaghan And Com Limited Liability Com reported 44 shares. Stephens Ar holds 0.28% or 43,055 shares in its portfolio.

Since December 28, 2016, it had 0 insider purchases, and 9 selling transactions for $23.42 million activity. Shares for $16.64 million were sold by SINEGAL JAMES D on Friday, March 24. Another trade for 4,948 shares valued at $832,501 was sold by McKay John D. The insider Rose Timothy L. sold $667,799. The insider Murphy James P. sold 5,000 shares worth $906,504. $906,598 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Hines Daniel M.. Shares for $514,302 were sold by Vachris Roland Michael. $112,794 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by PETTERSON DAVID S.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 10 analysts covering Costco Wholesale COST (NYSE:COST), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Costco Wholesale COST has $195 highest and $156 lowest target. $183’s average target is 11.95% above currents $163.47 stock price. Costco Wholesale COST had 14 analyst reports since March 31, 2017 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, April 21 with “Hold”. As per Friday, March 31, the company rating was maintained by Cowen & Co. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Stifel Nicolaus on Friday, May 5. The rating was upgraded by Barclays Capital on Friday, April 21 to “Overweight”. Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, April 28 with “Buy” rating. Credit Suisse maintained the shares of COST in report on Friday, April 7 with “Buy” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Friday, June 16 by BMO Capital Markets. The rating was maintained by Wells Fargo with “Hold” on Friday, April 7. The firm has “Accumulate” rating given on Tuesday, May 9 by Gordon Haskett. As per Monday, May 29, the company rating was maintained by Wells Fargo.

About 4.27 million shares traded or 48.78% up from the average. Costco Wholesale Corporation (NYSE:COST) has risen 25.14% since June 19, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. The company has market cap of $66.54 billion. As of August 28, 2016, the Company operated 715 warehouses across the world. It has a 28.35 P/E ratio. The Company’s average warehouse space is approximately 144,000 square feet.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco: Why Shares Will Disappoint” on June 05, 2017, also Investorplace.com with their article: “Costco Wholesale Corporation (COST) Stock Is a Crumpled Opportunity” published on June 19, 2017, Seekingalpha.com published: “Costco: Too Expensive And Not Changing Quickly Enough” on May 30, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Fool.com and their article: “Costco Wholesale Corporation’s Most Brilliant Move in 2017 So Far” published on June 05, 2017 as well as Seekingalpha.com‘s news article titled: “Costco: Heading To $200” with publication date: May 26, 2017.

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