QCM Cayman Ltd. Acquires Shares of 2108 Costco Wholesale Co. (COST)

Lloyd Doyle
December 8, 2017

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.50 as current ratio and on the opponent side the debt to equity ratio was 0.52 and long-term debt to equity ratio also remained 0.51. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer's stock worth $1,118,138,000 after buying an additional 858,969 shares during the last quarter. The investor is now holding $30.62 million shares due in part to a decrease of 1.27 million new shares in their portfolio.

About Costco Wholesale 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. It has outperformed by 8.44% the S&P500.

Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $191.22. $182.19's average target is -2.15% below currents $186.2 stock price. Everence Mgmt reported 0.33% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). (NASDAQ:FISV) has "Market Perform" rating given on Tuesday, August 1 by BMO Capital Markets. The firm earned "Outperform" rating on Friday, September 30 by RBC Capital Markets. As per Thursday, September 28, the company rating was maintained by Jefferies. Susquehanna has "Positive" rating and $192 target. (NASDAQ:FISV) earned "Equal-Weight" rating by Barclays Capital on Wednesday, August 2. Also, insider John D. Mckay sold 8,111 shares of the company's stock in a transaction on Monday, November 13th. The firm has "Outperform" rating by BMO Capital Markets given on Friday, February 5. Oppenheimer has "Buy" rating and $18500 target. The stock of Fiserv, Inc. Magellan Asset Management Ltd increased its holdings in Costco Wholesale by 13.9% during the 1st quarter. Its up 0.40, from 0.88 in 2017Q1.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the firm's stock in a transaction dated Friday, December 1st. 51 funds opened positions while 236 raised stakes. The retailer reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.09. 5,059 are owned by Riverhead Mgmt Lc. Planning reported 0.18% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Chevy Chase Trust Holding holds 0.34% or 442,958 shares in its portfolio. Vanguard Group Inc. boosted its stake in shares of Costco Wholesale by 2.9% during the 2nd quarter. Epoch Ptnrs, New York-based fund reported 56,817 shares. Ssi Inv Mngmt Incorporated invested in 0.02% or 1,629 shares. Ellington Mngmt Grp Ltd Liability Corporation reported 6,100 shares stake. Geneva Advsrs Ltd Liability Com holds 0.11% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 39,996 shares. 4,555 are held by Tdam Usa Inc. Moreover, S&Co has 0.07% invested in Costco Wholesale Corporation (NASDAQ:COST) for 3,340 shares. Nomura Holdg has invested 0.03% in Costco Wholesale Corporation (NASDAQ:COST). Farmers Merchants Invs Inc, a Nebraska-based fund reported 414 shares. Of the analysts who provided ratings, 6 rated the company a Hold, 2 rated it a Moderate Buy, and 11 rated it a Strong Buy. Therefore 42% are positive. As per Friday, June 16, the company rating was downgraded by Goldman Sachs. The rating was maintained by Wells Fargo with "Hold" on Thursday, June 1. Citigroup upgraded Costco Wholesale Corporation (NASDAQ:COST) on Monday, December 19 to "Buy" rating. The firm has "Buy" rating by Deutsche Bank given on Tuesday, May 31. The stock of Costco Wholesale Corporation (NASDAQ:COST) has "Overweight" rating given on Monday, October 5 by JP Morgan. First Interstate National Bank invested 1.16% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). 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. (NASDAQ:FISV) has "Neutral" rating given on Wednesday, August 2 by Credit Suisse. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Co. and related companies with MarketBeat.com's FREE daily email newsletter.

The stock increased 0.94% or $0.38 during the last trading session, reaching $40.28. About 872,714 shares traded. ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) has declined 15.19% since December 3, 2016 and is downtrending. It has outperformed by 1.87% the S&P500.

GTT Communications, Inc. provides cloud networking services to multinational enterprises, carriers, and government clients worldwide. The company has market cap of $81.47 billion. The Community Banking segment offers commercial banking services, such as corporate banking, small business banking, investment real estate financing, asset based lending, and capital markets and lease financing; and consumer banking services consisting of deposit products, mortgage and consumer lending, and a suite of mobile and online banking services. The companyÂ's IP network consists of approximately 250 points of presence.

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