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BMO Capital Markets Upgrades Costco Wholesale (COST) to "Outperform"

18 December 2017

Washington Trust Company who had been investing in Costco Whsl Corp for a number of months, seems to be bullish on the $84.22B market cap company. The stock decreased 0.12% or $0.2322 during the last trading session, reaching $192.4978. About 4.75 million shares traded or 28.37% up from the average. Goelzer Inv Incorporated has invested 0.32% in Costco Wholesale Corporation (NASDAQ:COST). It has outperformed by 8.44% the S&P500. Calamos Wealth Management Llc sold 5,065 shares as the company's stock rose 1.54% with the market. Becker Capital Management invested in 33,344 shares or 0.19% of the stock. The stock increased 1.26% or $1.83 during the last trading session, reaching $147.26. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Regions Financial Corporation (NYSE:RF) has risen 48.79% since December 18, 2016 and is uptrending. It has outperformed by 74.38% the S&P500. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eighteen have assigned a buy rating to the stock. Therefore 60% are positive. Palo Alto Networks had 179 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 14 by Robert W. Baird. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned "Hold" rating by Guggenheim on Friday, December 15. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Friday, October 6 report. The stock has "Buy" rating by Oppenheimer on Thursday, August 24. The firm has "Hold" rating by Piper Jaffray given on Sunday, September 17. The firm has "Buy" rating given on Wednesday, October 5 by Loop Capital. The stock of FireEye, Inc. The stock has "Buy" rating by KeyBanc Capital Markets on Thursday, August 31. Wedbush maintained the stock with "Underperform" rating in Tuesday, July 19 report.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. 38 funds opened positions while 86 raised stakes. 69,884 shares were sold by King Alexa, worth $1.01M. Main Street Research Llc, a California-based fund reported 46,901 shares. Violich Capital Mngmt holds 3.42% or 73,352 shares in its portfolio. 1,619 were reported by Carret Asset Management Ltd. Peddock Capital Ltd Limited Liability Company invested 0.16% in Costco Wholesale Corporation (NASDAQ:COST). Kayne Anderson Rudnick Inv Mgmt Llc accumulated 0.15% or 96,507 shares. Vigilant Mngmt stated it has 18 shares. (NASDAQ:NFLX). Franklin Res stated it has 0.02% in Netflix, Inc. Banced Corporation accumulated 0.73% or 2,458 shares. Vanguard Grp Inc, Pennsylvania-based fund reported 12.58 million shares. Investors of record on Friday, November 17th were given a dividend of $0.50 per share. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Seabridge Invest Limited Liability Company invested in 0.2% or 5,197 shares.

The retailer reported better than expected fiscal first quarter earnings results Thursday. SIR's profit will be $62.63 million for 9.20 P/E if the $0.70 EPS becomes a reality. Homrich & Berg holds 1,599 shares. (NASDAQ:COST) opened at $192.73 on Monday. FEYE's SI was 25.47M shares in December as released by FINRA. $809,578 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by ZOOK DENNIS R on Wednesday, October 4. (NASDAQ:NFLX) or 903 shares.

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Zweig-Dimenna Associates Llc, which manages about $1.59B and $1.37B US Long portfolio, decreased its stake in Sony Corp (NYSE:SNE) by 188,120 shares to 77,627 shares, valued at $2.97 million in 2017Q2, according to the filing.

Investors sentiment decreased to 1.19 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. It improved, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings.

A number of other hedge funds have also made changes to their positions in COST. 72,963 are held by Montrusco Bolton Invs Inc. Tobam holds 0.05% or 7,814 shares. Proshare Limited invested in 432,034 shares. The business's revenue was up 13.2% on a year-over-year basis. equities research analysts predict that Costco Wholesale Co. will post 6.5 earnings per share for the current year.

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"We believe that Costco now has more valuation support given its potential to gain a greater share of total wallet from its loyal membership base", she wrote. M&R Cap owns 0.27% invested in Costco Wholesale Corporation (NASDAQ:COST) for 6,910 shares. Welch Forbes has 119,147 shares for 0.53% of their portfolio. Thompson Davis And Inc has 464 shares. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 18, 2016 and is uptrending. Impact Advsrs Ltd Llc has 0.48% invested in Costco Wholesale Corporation (NASDAQ:COST) for 6,615 shares. Davis Selected Advisers accumulated 1.68M shares. Stock Yards Bankshares & Tru holds 0.23% or 11,670 shares in its portfolio. Therefore 79% are positive. Costco Wholesale COST had 20 analyst reports since March 31, 2017 according to SRatingsIntel. Bernstein downgraded Regions Financial Corporation (NYSE:RF) on Tuesday, August 16 to "Market Perform" rating.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Mengis Cap reported 1.76% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, August 31. Jefferies has "Hold" rating and $156 target. (NASDAQ:FEYE) on Wednesday, March 9 with "Equal-Weight" rating. The rating was maintained by Stifel Nicolaus on Friday, June 23 with "Buy". The stock has "Hold" rating by Argus Research on Monday, February 13. The rating was maintained by Robert W. Baird on Wednesday, November 15 with "Buy". Wealth Enhancement Advisory Service Lc holds 0.36% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 26,034 shares. It also reduced its holding in Tile Shop Hldgs Inc (NASDAQ:TTS) by 490,312 shares in the quarter, leaving it with 1.86 million shares, and cut its stake in Amazon Com Inc (Call) (NASDAQ:AMZN).

Since August 1, 2017, it had 0 buys, and 7 insider sales for $4.30 million activity. Stifel Nicolaus maintained Costco Wholesale Corporation (NASDAQ:COST) on Monday, September 18 with "Buy" rating.

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BMO Capital Markets Upgrades Costco Wholesale (COST) to