Payden & Rygel Increased Its Costco Wholesale (COST) Holding by $9.02 Million as Market Value Rose

January 20, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.09, from 1.28 in 2017Q2. It turned negative, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Sg Americas Securities Llc accumulated 22,420 shares. Inv House Ltd Llc holds 1.59% or 74,298 shares in its portfolio. Cls Invests owns 300 shares or 0% of their US portfolio. Marble Harbor Inv Counsel Ltd Co accumulated 0.13% or 3,801 shares. Fiera Capital reported 17,637 shares stake. Moreover, Investors Asset Management Of Georgia Ga Adv has 0.31% invested in Costco Wholesale Corporation (NASDAQ:COST). Fisher Asset Mngmt Limited Liability Com holds 0.02% or 105,036 shares in its portfolio. Virginia Retirement Systems Et Al reported 0.21% stake. Peconic Ptnrs Limited Liability Corporation reported 3.97% in Costco Wholesale Corporation (NASDAQ:COST). Hudock Grp Inc Limited Liability stated it has 323 shares. Washington-based Badgley Phelps And Bell Incorporated has invested 1.02% in Costco Wholesale Corporation (NASDAQ:COST). One Capital Mgmt Ltd Liability owns 1,250 shares. Palladium Partners holds 6,221 shares or 0.08% of its portfolio. Optimum Investment Advsr reported 15,753 shares. Fund Management owns 247,817 shares or 0.29% of their US portfolio.

Since August 1, 2017, it had 0 insider buys, and 15 insider sales for $16.19 million activity. MEISENBACH JOHN W had sold 1,000 shares worth $159,250. Shares for $3.86M were sold by LIBENSON RICHARD M on Monday, December 18. $966,000 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by Rose Timothy L.. Vachris Roland Michael sold $977,510 worth of stock or 5,200 shares. 6,985 shares valued at $1.31 million were sold by MOULTON PAUL G on Monday, January 8. GALANTI RICHARD A sold $958,087 worth of stock.

Payden & Rygel increased its stake in Costco Wholesale (COST) by 92.13% based on its latest 2017Q3 regulatory filing with the SEC. Payden & Rygel bought 55,000 shares as the company’s stock rose 1.54% with the market. The institutional investor held 114,700 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $18.84 million, up from 59,700 at the end of the previous reported quarter. Payden & Rygel who had been investing in Costco Wholesale for a number of months, seems to be bullish on the $84.44 billion market cap company. The stock increased 0.41% or $0.78 during the last trading session, reaching $192.29. About 2.35 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since January 20, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Payden & Rygel, which manages about $82.81B and $1.01B US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 153,500 shares to 10,200 shares, valued at $1.33 million in 2017Q3, according to the filing. It also reduced its holding in General Mills (NYSE:GIS) by 167,500 shares in the quarter, leaving it with 29,000 shares, and cut its stake in Merck & Co (NYSE:MRK).

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Fool.com which released: “Costco Wholesale Corporation Continued Its Torrid Sales Growth in December” on January 07, 2018, also Fool.com with their article: “Here’s How Costco Wholesale Corporation Crushed It in 2017” published on December 30, 2017, Seekingalpha.com published: “Portfolio review leads to Sam’s Club closings” on January 11, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Here’s Why Costco Is Going Lower In 2018” published on December 26, 2017 as well as Seekingalpha.com‘s news article titled: “Costco in reverse despite blazing sales report” with publication date: January 04, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 119 analyst reports since August 24, 2015 according to SRatingsIntel. As per Wednesday, December 9, the company rating was maintained by Deutsche Bank. Piper Jaffray maintained the shares of COST in report on Wednesday, September 2 with “Buy” rating. Raymond James maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Tuesday, December 5. Raymond James has “Buy” rating and $202.0 target. Robert W. Baird maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, December 14. Robert W. Baird has “Buy” rating and $215.0 target. Deutsche Bank maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, December 5. Deutsche Bank has “Buy” rating and $194 target. Jefferies maintained it with “Hold” rating and $16800 target in Monday, July 17 report. Telsey Advisory Group maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, October 1 with “Outperform” rating. The stock has “Buy” rating by Oppenheimer on Thursday, July 6. On Friday, May 27 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Outperform” rating given on Monday, June 26 by Raymond James.

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