Costco Whsl New (COST) Market Valuation Declined While Mirae Asset Global Investments Has Lowered Its Position; Biogen (BIIB) Holder Pinnacle Associates LTD Raised Its Holding

April 18, 2018 - By Marguerite Chambers

Costco Wholesale Corporation (NASDAQ:COST) Logo

Pinnacle Associates Ltd increased its stake in Biogen Inc (BIIB) by 44.22% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Associates Ltd bought 4,091 shares as the company’s stock declined 17.01% with the market. The institutional investor held 13,343 shares of the biological products (no diagnostic substances) company at the end of 2017Q4, valued at $4.25M, up from 9,252 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Biogen Inc for a number of months, seems to be bullish on the $56.93B market cap company. The stock increased 1.64% or $4.34 during the last trading session, reaching $269.09. About 411,168 shares traded. Biogen Inc. (NASDAQ:BIIB) has declined 3.66% since April 18, 2017 and is downtrending. It has underperformed by 15.21% the S&P500.

Mirae Asset Global Investments decreased its stake in Costco Whsl Corp New (COST) by 56.01% based on its latest 2017Q4 regulatory filing with the SEC. Mirae Asset Global Investments sold 62,179 shares as the company’s stock declined 1.86% with the market. The institutional investor held 48,826 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $9.09 million, down from 111,005 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $86.66 billion market cap company. The stock increased 0.76% or $1.48 during the last trading session, reaching $197.48. About 641,611 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since April 18, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.21, from 1.19 in 2017Q3. It worsened, as 64 investors sold COST shares while 442 reduced holdings. 134 funds opened positions while 364 raised stakes. 308.22 million shares or 1.23% more from 304.48 million shares in 2017Q3 were reported. Burke Herbert Bancorporation Tru accumulated 1,400 shares or 0.22% of the stock. Lpl Finance Limited Liability Co has invested 0.12% in Costco Wholesale Corporation (NASDAQ:COST). Ptnrs Oh Adv has invested 0.16% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Tortoise Invest holds 2,003 shares. Alkeon Capital Mngmt Limited Company reported 3,047 shares. Kj Harrison And Ptnrs stated it has 1.06% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Sumitomo Mitsui Asset Mngmt Limited stated it has 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Bath Savings reported 1,550 shares. Tower Research Limited Liability Corp (Trc) holds 9,851 shares or 0.24% of its portfolio. Capwealth Advsr Ltd Liability Com reported 2,973 shares or 0.1% of all its holdings. M&R Cap has 0.31% invested in Costco Wholesale Corporation (NASDAQ:COST) for 7,072 shares. Timber Hill Limited Co invested in 18,416 shares or 0.22% of the stock. Aperio Gru Ltd has 0.31% invested in Costco Wholesale Corporation (NASDAQ:COST). Sta Wealth Lc stated it has 0.07% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Evergreen Capital Ltd Company accumulated 4,685 shares or 0.09% of the stock.

Since October 20, 2017, it had 0 insider buys, and 15 selling transactions for $21.98 million activity. Shares for $1.93M were sold by PORTERA JOSEPH P. MEISENBACH JOHN W sold 3,000 shares worth $560,730. MOULTON PAUL G sold $2.21 million worth of stock or 11,674 shares. $2.21M worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Rose Timothy L.. 5,000 shares valued at $810,788 were sold by ZOOK DENNIS R on Wednesday, October 25. $937,421 worth of stock was sold by Murphy James P. on Friday, January 5.

Mirae Asset Global Investments, which manages about $4.74B and $7.47B US Long portfolio, upped its stake in Cerner Corp (NASDAQ:CERN) by 20,617 shares to 42,541 shares, valued at $2.87 million in 2017Q4, according to the filing. It also increased its holding in Workday Inc (NYSE:WDAY) by 9,284 shares in the quarter, for a total of 16,462 shares, and has risen its stake in Procter And Gamble Co (NYSE:PG).

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 24. They expect $1.67 earnings per share, up 19.29% or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.83 million for 29.56 P/E if the $1.67 EPS becomes a reality. After $1.42 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61% EPS growth.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 23 have Buy rating, 0 Sell and 9 Hold. Therefore 72% are positive. Costco Wholesale had 126 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Thursday, August 24 by Cowen & Co. The firm has “Hold” rating by Jefferies given on Thursday, September 28. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by UBS on Friday, October 6. The rating was upgraded by Citigroup on Monday, December 19 to “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $177 target in Thursday, December 8 report. On Friday, February 10 the stock rating was initiated by Susquehanna with “Positive”. RBC Capital Markets maintained it with “Buy” rating and $19000 target in Thursday, June 29 report. On Friday, June 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, November 15. Gordon Haskett upgraded the shares of COST in report on Friday, January 12 to “Buy” rating.

Pinnacle Associates Ltd, which manages about $6.31 billion and $5.20B US Long portfolio, decreased its stake in Fireeye Inc (NASDAQ:FEYE) by 232,195 shares to 3.13 million shares, valued at $44.40 million in 2017Q4, according to the filing. It also reduced its holding in Viavi Solutions Inc by 197,070 shares in the quarter, leaving it with 2.00M shares, and cut its stake in Public Svc Enterprise Group (NYSE:PEG).

Since January 9, 2018, it had 0 buys, and 5 insider sales for $2.87 million activity. PANGIA ROBERT W had sold 5,832 shares worth $1.92 million on Tuesday, January 9.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.04, from 1.13 in 2017Q3. It improved, as 46 investors sold BIIB shares while 305 reduced holdings. 105 funds opened positions while 305 raised stakes. 180.65 million shares or 0.28% less from 181.16 million shares in 2017Q3 were reported. Zeke Cap Advsr Ltd Limited Liability Company invested in 5,454 shares or 0.18% of the stock. Douglass Winthrop Advisors Limited Liability Corp has invested 0.04% in Biogen Inc. (NASDAQ:BIIB). Cypress Grp Inc owns 1,441 shares. Retirement Sys Of Alabama reported 0.3% stake. Boston Advisors Limited Company owns 2,865 shares. 15,399 were accumulated by Endurant Lp. Capital Advsr Limited Liability Company holds 0% of its portfolio in Biogen Inc. (NASDAQ:BIIB) for 17 shares. Sigma Invest Counselors Inc holds 0.03% or 636 shares in its portfolio. Valley Natl Advisers Inc holds 74 shares or 0.01% of its portfolio. Tnb Fincl holds 1.41% or 23,546 shares. Atria Invs Ltd Liability Company holds 0.08% or 4,756 shares. Contravisory Invest Mngmt accumulated 0% or 21 shares. Nichols And Pratt Advisers Limited Liability Partnership Ma reported 702 shares or 0.02% of all its holdings. Crestpoint Capital Mgmt Ltd Liability stated it has 0.6% in Biogen Inc. (NASDAQ:BIIB). Cetera Advisor Net Ltd Liability, a California-based fund reported 3,487 shares.

Among 33 analysts covering Biogen Idec Inc. (NASDAQ:BIIB), 23 have Buy rating, 0 Sell and 10 Hold. Therefore 70% are positive. Biogen Idec Inc. had 120 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 11 by Jefferies. On Wednesday, June 14 the stock rating was maintained by Morgan Stanley with “Hold”. The stock of Biogen Inc. (NASDAQ:BIIB) has “Buy” rating given on Tuesday, July 25 by Cowen & Co. On Thursday, September 28 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was downgraded by Citigroup to “Neutral” on Monday, October 23. The rating was reinitiated by PiperJaffray with “Overweight” on Monday, October 23. The stock has “Buy” rating by Mizuho on Sunday, February 4. The firm has “Hold” rating by Credit Suisse given on Thursday, January 25. The company was maintained on Tuesday, July 25 by Cantor Fitzgerald. The rating was maintained by BMO Capital Markets on Monday, July 17 with “Hold”.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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