As Costco Wholesale (COST) Share Price Declined, Northern Capital Management Lowered Its Stake; General Electric (GE) Stock Declined While Monarch Capital Management Boosted by $329,834 Its Position

April 26, 2018 - By Dolores Ford

Costco Wholesale Corporation (NASDAQ:COST) Logo

Monarch Capital Management Inc increased its stake in General Electric (GE) by 10.77% based on its latest 2017Q4 regulatory filing with the SEC. Monarch Capital Management Inc bought 19,402 shares as the company’s stock declined 23.20% with the market. The institutional investor held 199,592 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.48 million, up from 180,190 at the end of the previous reported quarter. Monarch Capital Management Inc who had been investing in General Electric for a number of months, seems to be bullish on the $124.52B market cap company. The stock increased 2.06% or $0.29 during the last trading session, reaching $14.34. About 43.75M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 26, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Northern Capital Management Llc decreased its stake in Costco Wholesale Corp (COST) by 21.94% based on its latest 2017Q4 regulatory filing with the SEC. Northern Capital Management Llc sold 2,020 shares as the company’s stock declined 1.86% with the market. The institutional investor held 7,185 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $1.34M, down from 9,205 at the end of the previous reported quarter. Northern Capital Management Llc who had been investing in Costco Wholesale Corp for a number of months, seems to be less bullish one the $86.06B market cap company. The stock increased 1.10% or $2.13 during the last trading session, reaching $196.1. About 679,979 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 14.69% since April 26, 2017 and is uptrending. It has outperformed by 3.14% the S&P500.

Since December 18, 2017, it had 0 insider purchases, and 14 insider sales for $21.65 million activity. Shares for $2.21 million were sold by Rose Timothy L.. GALANTI RICHARD A sold $958,087 worth of stock. MEISENBACH JOHN W sold 3,000 shares worth $580,230. 5,000 shares were sold by Murphy James P., worth $937,421 on Friday, January 5. Another trade for 11,674 shares valued at $2.21M was made by MOULTON PAUL G on Monday, March 12. 5,000 shares valued at $943,080 were sold by Hines Daniel M. on Monday, January 8.

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 “Outperform” rating given on Tuesday, May 3 by RBC Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Wednesday, January 24. On Friday, February 26 the stock rating was downgraded by Cleveland to “Neutral”. RBC Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, May 26 with “Buy” rating. RBC Capital Markets maintained the shares of COST in report on Friday, September 30 with “Outperform” rating. Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, May 26 with “Buy” rating. On Tuesday, August 16 the stock rating was maintained by Citigroup with “Neutral”. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, April 7 with “Outperform” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Monday, December 5 by Deutsche Bank. The company was downgraded on Monday, June 19 by Deutsche Bank.

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.21, from 1.19 in 2017Q3. It fall, 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. Private Advisor Gp Ltd Liability has 15,987 shares. Graybill Bartz And Assoc Ltd stated it has 1.7% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Vision Cap Mgmt Inc has 19,731 shares for 1.07% of their portfolio. Oppenheimer Co holds 0.54% or 113,099 shares. New York-based Bluemountain Cap Limited Com has invested 0.04% in Costco Wholesale Corporation (NASDAQ:COST). Moreover, Ngam Lp has 0.13% invested in Costco Wholesale Corporation (NASDAQ:COST). Provident stated it has 620,762 shares. Cadinha And Limited Com invested in 3.53% or 137,368 shares. Alpha Cubed Invests Lc accumulated 0.19% or 7,997 shares. Boltwood holds 0.38% in Costco Wholesale Corporation (NASDAQ:COST) or 3,335 shares. Gfs Advisors reported 1,774 shares or 0.07% of all its holdings. Mitsubishi Ufj Tru Bk Corporation stated it has 922,194 shares or 0.3% of all its holdings. Kanawha Ltd Limited Liability Company stated it has 9,536 shares. Moreover, Susquehanna Llp has 0.03% invested in Costco Wholesale Corporation (NASDAQ:COST) for 528,666 shares. Sand Hill Advsr Lc invested in 0.1% or 5,526 shares.

Northern Capital Management Llc, which manages about $394.79 million and $387.93 million US Long portfolio, upped its stake in Gh (CSD) by 12,705 shares to 74,205 shares, valued at $3.87M in 2017Q4, according to the filing. It also increased its holding in Vg (VOE) by 8,595 shares in the quarter, for a total of 23,680 shares, and has risen its stake in Walgreens Boots Alliance Inc.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on May, 24. They expect $1.67 EPS, up 19.29% or $0.27 from last year’s $1.4 per share. COST’s profit will be $732.85 million for 29.36 P/E if the $1.67 EPS becomes a reality. After $1.42 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 17.61% EPS growth.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 100 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, January 21 the stock rating was initiated by Citigroup with “Buy”. The rating was downgraded by Oppenheimer to “Underperform” on Tuesday, October 24. The company was maintained on Friday, September 15 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Oppenheimer on Monday, July 17. The firm has “Buy” rating by Bank of America given on Monday, October 23. The firm has “Outperform” rating given on Monday, November 23 by Credit Suisse. The stock of General Electric Company (NYSE:GE) earned “Overweight” rating by Barclays Capital on Monday, October 5. Vertical Research maintained the shares of GE in report on Tuesday, January 16 with “Hold” rating. The firm has “Underweight” rating by JP Morgan given on Monday, February 12. J.P. Morgan maintained it with “Sell” rating and $20.0 target in Monday, October 9 report.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Oarsman Cap holds 1.5% of its portfolio in General Electric Company (NYSE:GE) for 199,056 shares. Tdam Usa Inc accumulated 464,641 shares or 0.46% of the stock. Trustco Commercial Bank N Y reported 323,077 shares. Nomura Holding Incorporated owns 1.13 million shares. Bell National Bank & Trust reported 180,915 shares stake. 32,327 are held by Rock Point Advsr Lc. Green Square Cap Lc accumulated 0.07% or 26,727 shares. Bokf Na invested in 634,362 shares. Marathon Trading Investment Mngmt Ltd Liability Com stated it has 11,575 shares. 153,206 are held by Private Wealth Advisors. Holderness Com holds 0.76% in General Electric Company (NYSE:GE) or 88,245 shares. Bartlett Co Lc has 202,422 shares. Rbo Communication Ltd Liability Co holds 0.28% or 63,220 shares in its portfolio. Highlander Mgmt Limited Liability Corporation reported 1.39% of its portfolio in General Electric Company (NYSE:GE). Hemenway Communications Ltd Company holds 0.1% of its portfolio in General Electric Company (NYSE:GE) for 31,340 shares.

Monarch Capital Management Inc, which manages about $312.53M and $268.84 million US Long portfolio, decreased its stake in Exxon Mobil (NYSE:XOM) by 4,571 shares to 81,247 shares, valued at $6.80 million in 2017Q4, according to the filing. It also reduced its holding in Stryker (NYSE:SYK) by 3,247 shares in the quarter, leaving it with 25,005 shares, and cut its stake in Abbvie (NYSE:ABBV).

General Electric Company (NYSE:GE) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>