Costco’s quarterly profit, sales beat estimates

Its up 0.40, from 0.88 in 2017Q1. 123 funds opened positions while 438 raised stakes.

The Issaquah-based retailer’s shares closed down 6 percent Friday, a day after Costco reported fourth-quarter results that topped analysts’ estimates. This marked a nice acceleration from the 5.9% year-over-year growth Costco saw in its most recent monthly period (the four weeks ending August 30). Intrust Comml Bank Na stated it has 3,672 shares or 0.2% of all its holdings. Stratos Wealth Prtn owns 0.11% invested in Costco Wholesale Corporation (NASDAQ:COST) for 12,974 shares. Oak Ridge Llc holds 106,051 shares. Insiders own 0.74% of the company’s stock.

In early trading on Friday, shares of Motorola Solutions topped the list of the day’s best performing components of the S&P 500 index, trading up 3.5%.

In terms of performance, shares of Costco Wholesale Corporation (NASDAQ:COST) are 8.56% since the start of 2016. McKay John D had sold 3,000 shares worth $544,810 on Monday, June 5.

According to Costco Wholesale Corporation’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 74.31%. Parkside Finance Bancshares holds 485 shares. Moreover, Pennsylvania Trust Com has 0.32% invested in Costco Wholesale Corporation (NASDAQ:COST) for 40,724 shares. Worldwide same-store sales rose 5.6%. This represents an increase of approximately 266% compared to the average volume of 5,855 call options. The lowest price the stock reached in the last trading day was $165.25 and compares with the $142.11 52-week low.

Costco’s comparable sales in the USA rose 5.8% in the most recent quarter. So is with Costco Wholesale Corporation. It looks like traders are happy with the stock. Costco’s CFO said pricing on products offered through Instacart is “very competitive” and “better than before”. It has outperformed by 8.44% the S&P500. Champlain Ptnrs Limited Liability, a Us-based fund reported 1.95 million shares. It also reduced its holding in Roper Technologies Inc (NYSE:ROP) by 40,200 shares in the quarter, leaving it with 105,000 shares, and cut its stake in Occidental Petroleum Corp (NYSE:OXY).

The Issaquah, Wash., company announced two new delivery options Thursday: two-day delivery for dry goods and same-day delivery powered by grocery delivery firm Instacart for orders that include fresh foods.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th.

Ingersoll-Rand Plc has a consensus outperform rating from 20 Wall Street analysts, and the number of shares now sold short amount to at least 1.57% of shares outstanding. Therefore 64% are positive.

On the cost side, Costco’s selling, general and administrative (SG&A) expenses increased 12% y-o-y to around $4 billion due to increased payroll expenses, higher IT expenditures and growth in e-commerce initiatives. They presently have a $162.00 price target on the retailer’s stock, down from their previous price target of $168.00.

06/26/2017 – Costco Wholesale Corporation was upgraded to “outperform” by analysts at Raymond James. Jefferies Group LLC’s price target points to a potential downside of 3.02% from the stock’s current price. The stock has “Mkt Perform” rating by Bernstein on Monday, February 6. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Piper Jaffray maintained it with “Overweight” rating and $174.0 target in Wednesday, December 9 report. The original version of this story can be read at https://baseballnewssource.com/markets/costco-wholesale-corporation-cost-given-a-155-00-price-target-by-deutsche-bank-ag-analysts/1690297.html. They now have a United States dollars 200 price target on the stock. This recommendation lands on a scale between 1 and 5.