Sun Life Financial INC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Barometer Capital Management Inc. acquired a new stake in Costco Wholesale during the first quarter worth approximately $168,000. (NASDAQ:COST) by 37.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer's stock worth $9,058,000 after purchasing an additional 1,439,613 shares during the period. Violich Capital Management Inc acquired 12,310 shares as Costco Wholesale Corp (COST)'s stock rose 1.54%.

Costco Wholesale Corporation (NASDAQ:COST) are being monitored closely by investors today as the name is now priced at $187.22, a -0.21% difference from where it most recently opened.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Colony Group LLC raised its holdings in Costco Wholesale by 94.4% during the 2nd quarter. Brightworth now owns 1,334 shares of the retailer's stock valued at $213,000 after acquiring an additional 4 shares in the last quarter. The Suntrust Banks Inc holds 79,023 shares with $4.03 million value, down from 122,739 last quarter. State Street Corp boosted its stake in Costco Wholesale by 1.3% in the first quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer's stock valued at $404,000 after acquiring an additional 7 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its stake in shares of Costco Wholesale by 0.5% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer's stock valued at $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. FMR LLC now owns 12,099,104 shares of the retailer's stock valued at $2,028,898,000 after acquiring an additional 177,200 shares in the last quarter.

Several other institutional investors have also sold shares of the company. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company's stock. Oppenheimer restated a "buy" rating and issued a $185.00 price target on shares of Costco Wholesale in a research note on Thursday, August 31st. Vetr upgraded shares of Costco Wholesale from a "buy" rating to a "strong-buy" rating and set a $182.22 target price on the stock in a report on Monday, August 21st. Instinet reiterated a "buy" rating on shares of Costco Wholesale in a report on Friday, March 3rd. Finally, Zacks Investment Research raised Costco Wholesale from a "hold" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Tuesday, September 19th. (NYSE:VZ), 7 have Buy rating, 0 Sell and 19 Hold. The stock now has a consensus rating of "Buy" and an average price target of $182.59.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction on Friday, December 1st. The shares were sold at an average price of $164.52, for a total transaction of $2,796,840.00. Following the sale, the vice president now directly owns 41,396 shares of the company's stock, valued at approximately $6,647,369.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, October 20th. Over the last ninety days, insiders have sold 32,842 shares of company stock valued at $5,520,848. The disclosure for this sale can be found here. After the latest check-in, company stock is -0.73% off of the 50 day high and 17.99% away from the 50 day low price. Company insiders own 0.74% of the company's stock. Moreover, Intrust Bank Na has 0.2% invested in Costco Wholesale Corporation (NASDAQ:COST) for 3,672 shares.

With its market cap stated above, the dividend yield for Costco Wholesale Corporation, COST is 1.07%. The co's performance for 6 months was isolated positively of 1.68%, 1-year performance stands at 26.94% and year to date showing isolated positively performance of 20.30%.

Currently, 0.20% of Office Depot, Inc. Costco Wholesale Co. The company has a market cap of $82,835.75, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Zacks' consensus estimate of $2.02 by $0.06. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The business had revenue of $42.30 billion for the quarter, compared to analysts' expectations of $41.55 billion. During the same period in the prior year, the company earned $1.77 earnings per share. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts predict that Costco Wholesale Co. will post 6.46 EPS for the current year.

With an estimated value of 25.55 for 2017, Costco Wholesale Corporation has a P/E ratio of 30.78.

ILLEGAL ACTIVITY NOTICE: "Covington Capital Management Has $14.94 Million Position in Costco Wholesale Co". "(COST)" was originally published by StockNewsTimes and is the property of of StockNewsTimes.

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.

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