Short Interest Filing: Is Buying Costco Wholesale Corporation (NASDAQ:COST) Here Good Idea?

November 30, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Filing: Is Buying Costco Wholesale Corporation (NASDAQ:COST) Here Good Idea?

The stock of Costco Wholesale Corporation (NASDAQ:COST) registered an increase of 3.03% in short interest. COST’s total short interest was 8.91M shares in November as published by FINRA. Its up 3.03% from 8.65M shares, reported previously. With 2.17M shares average volume, it will take short sellers 4 days to cover their COST’s short positions. The short interest to Costco Wholesale Corporation’s float is 2.08%. About 200 shares traded hands. Costco Wholesale Corporation (NASDAQ:COST) has declined 0.19% since April 27, 2016 and is downtrending. It has underperformed by 5.42% 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 a market cap of $65.94 billion. As of August 28, 2016, the Company operated 715 warehouses across the world. It has a 28.42 P/E ratio. The Company’s average warehouse space is approximately 144,000 square feet.

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.07, from 1.01 in 2016Q1. The ratio fall, as 75 funds sold all Costco Wholesale Corporation shares owned while 403 reduced positions. 73 funds bought stakes while 410 increased positions. They now own 314.43 million shares or 6.83% less from 337.47 million shares in 2016Q1.
Moreover, Dynamic Mngmt Limited has 0.97% invested in Costco Wholesale Corporation (NASDAQ:COST) for 52,476 shares. Hirtle Callaghan And Limited Com holds 0.01% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 447 shares. Nuveen Asset Ltd Liability Corp reported 85,490 shares or 0.08% of all its holdings. Ls Invest Advisors Limited Liability Corporation last reported 22,741 shares in the company. Bankshares Of America Corp De accumulated 7.22 million shares or 0.26% of the stock. Cetera Advsrs Lc reported 8,890 shares or 0.11% of all its holdings. Zweig accumulated 3,534 shares or 0.06% of the stock. Dg Capital Management last reported 2.48% of its portfolio in the stock. Buckingham Capital Mgmt reported 2,337 shares or 0.1% of all its holdings. Murphy Cap Mgmt last reported 0.14% of its portfolio in the stock. Exane Derivatives last reported 99 shares in the company. Moreover, Two Sigma Secs Llc has 0.53% invested in Costco Wholesale Corporation (NASDAQ:COST) for 6,236 shares. Rdl Financial accumulated 0.41% or 3,516 shares. Buckingham Asset Mgmt Ltd Liability Company owns 2,240 shares or 0.12% of their US portfolio. Eulav Asset Mngmt accumulated 70,000 shares or 0.6% of the stock.

Insider Transactions: Since July 11, 2016, the stock had 0 buys, and 12 insider sales for $12.48 million net activity. 7,442 shares were sold by RUCKELSHAUS JILL S, worth $1.24M. LIBENSON RICHARD M sold $360,135 worth of Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, October 25. Shares for $3.00M were sold by SINEGAL JAMES D. On Wednesday, October 12 Rose Timothy L. sold $604,483 worth of the stock or 4,000 shares. $463,201 worth of shares were sold by GALANTI RICHARD A on Friday, November 11. On Wednesday, August 17 the insider MEISENBACH JOHN W sold $962,347. McKay John D also sold $1.25M worth of Costco Wholesale Corporation (NASDAQ:COST) shares.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Out of 21 analysts covering Costco Wholesale (NASDAQ:COST), 15 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 71% are positive. Costco Wholesale has been the topic of 41 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Peer Perform” rating given on Friday, April 29 by Wolfe Research. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, December 3. On Friday, February 5 the stock rating was maintained by BMO Capital Markets with “Outperform”. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Monday, November 9 by Telsey Advisory Group. As per Monday, October 5, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Monday, May 16 by Deutsche Bank. The company was maintained on Friday, October 2 by Sterne Agee CRT. Deutsche Bank maintained it with “Buy” rating and $198 target price in Wednesday, December 9 report. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Hold” rating by Deutsche Bank on Wednesday, September 30. Vetr upgraded Costco Wholesale Corporation (NASDAQ:COST) on Monday, August 24 to “Buy” rating.

COST Company Profile

Costco Wholesale Corporation, incorporated on May 12, 1987, 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. As of August 28, 2016, the Company operated 715 warehouses across the world. The Company’s average warehouse space is approximately 144,000 square feet. The Company’s warehouses on average operate on a seven-day, 70-hour week. The Firm offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).

More news for Costco Wholesale Corporation (NASDAQ:COST) were recently published by: Fool.com, which released: “Better Buy: Costco Wholesale Corporation vs. Wal-Mart Stores, Inc.” on November 16, 2016. Seekingalpha.com‘s article titled: “Buy Costco Sell Wal-Mart And Target” and published on November 29, 2016 is yet another important article.

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By Nellie Frank

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