Davis Selected Advisers Has Decreased Costco Wholesale Corp. (COST) Position By $13.38 Million; Eros International plc (EROS) Covered By 3 Bulls

November 15, 2017 - By Stephen Andrade

Davis Selected Advisers decreased Costco Wholesale Corp. (COST) stake by 4.76% reported in 2017Q2 SEC filing. Davis Selected Advisers sold 84,153 shares as Costco Wholesale Corp. (COST)’s stock rose 1.54%. The Davis Selected Advisers holds 1.68M shares with $269.24 million value, down from 1.77M last quarter. Costco Wholesale Corp. now has $74.92 billion valuation. The stock decreased 0.01% or $0.02 during the last trading session, reaching $171.44. About 400 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since November 15, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Among 4 analysts covering Eros International (NYSE:EROS), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Eros International has $40 highest and $9 lowest target. $15.33’s average target is 20.24% above currents $12.75 stock price. Eros International had 9 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Thursday, February 18. The rating was maintained by Jefferies on Wednesday, November 18 with “Buy”. On Monday, October 9 the stock rating was maintained by Jefferies with “Buy”. The firm has “Outperform” rating by Wells Fargo given on Friday, December 9. The stock of Eros International plc (NYSE:EROS) has “Buy” rating given on Monday, September 11 by Jefferies. On Friday, July 28 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Wednesday, August 12 by Jefferies. Jefferies maintained the shares of EROS in report on Monday, June 5 with “Buy” rating. See Eros International plc (NYSE:EROS) latest ratings:

09/10/2017 Broker: Jefferies Rating: Buy Old Target: $15 New Target: $17 Maintain
11/09/2017 Broker: Jefferies Rating: Buy New Target: $15.0 Maintain
28/07/2017 Broker: Jefferies Rating: Buy New Target: $15.0000 Maintain
05/06/2017 Broker: Jefferies Rating: Buy New Target: $18.0000 Maintain

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.40, from 0.88 in 2017Q1. It is positive, as 64 investors sold COST shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. Lodestar Investment Counsel Llc Il has 0.12% invested in Costco Wholesale Corporation (NASDAQ:COST). Rampart Investment Mngmt Communications Ltd Limited Liability Company reported 5,743 shares. Jfs Wealth Limited Company owns 730 shares. Mountain Pacific Advisers Id invested in 15,475 shares. Moreover, Pictet Natl Bank Tru has 0.59% invested in Costco Wholesale Corporation (NASDAQ:COST). Bragg Advsrs Inc reported 21,469 shares. Icon Advisers Incorporated Com owns 14,500 shares or 0.16% of their US portfolio. Grubman Wealth holds 1,583 shares. Tdam Usa Incorporated holds 0.04% or 4,555 shares in its portfolio. Fuller & Thaler Asset Mngmt Incorporated has 2,300 shares. Sterling Cap Mngmt stated it has 9,099 shares or 0.01% of all its holdings. California-based Wetherby Asset Management Incorporated has invested 0.32% in Costco Wholesale Corporation (NASDAQ:COST). Private Asset Mgmt Inc accumulated 59,623 shares. Alexandria Capital Limited Liability Company owns 142 shares. Sit Invest reported 0.34% in Costco Wholesale Corporation (NASDAQ:COST).

Since June 5, 2017, it had 0 buys, and 3 insider sales for $2.36 million activity. $906,598 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Hines Daniel M.. Murphy James P. sold $906,504 worth of Costco Wholesale Corporation (NASDAQ:COST) on Wednesday, June 7. Another trade for 3,000 shares valued at $544,810 was made by McKay John D on Monday, June 5.

Among 28 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Costco Wholesale has $20000 highest and $144.0 lowest target. $180.12’s average target is 5.06% above currents $171.44 stock price. Costco Wholesale had 101 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, May 27 by RBC Capital Markets. Robert W. Baird maintained it with “Buy” rating and $20000 target in Thursday, July 27 report. The stock has “Outperform” rating by Oppenheimer on Friday, February 12. The firm earned “Outperform” rating on Thursday, October 1 by Telsey Advisory Group. The firm earned “Outperform” rating on Monday, June 26 by Raymond James. The stock has “Hold” rating by Jefferies on Thursday, September 28. RBC Capital Markets initiated Costco Wholesale Corporation (NASDAQ:COST) on Tuesday, May 3 with “Outperform” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Neutral” rating by Northcoast on Tuesday, November 3. The firm earned “Hold” rating on Wednesday, September 30 by Deutsche Bank. The firm earned “Outperform” rating on Friday, September 30 by RBC Capital Markets.

Davis Selected Advisers increased Regency Centers Corporation (NYSE:REG) stake by 95,231 shares to 181,067 valued at $11.34 million in 2017Q2. It also upped Fang Holdings Ltd stake by 6.80M shares and now owns 27.24M shares. Vipshop Holdings Ltd. Ads (NYSE:VIPS) was raised too.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on December, 6. They expect $1.31 EPS, up 11.97% or $0.14 from last year’s $1.17 per share. COST’s profit will be $572.48 million for 32.72 P/E if the $1.31 EPS becomes a reality. After $2.08 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts -37.02% negative EPS growth.

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By1 Stephen Andrade




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