Mckinley Carter Wealth Services Holding in Costco Whsl New (COST) Increased by $1.51 Million as Stock Price Rose; Danaher (DHR) Valuation Declined While Cortland Associates Cut Holding

February 21, 2018 - By Maria Brooks

Cortland Associates Inc decreased its stake in Danaher Corp (DHR) by 3.01% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Associates Inc sold 13,939 shares as the company’s stock declined 2.27% while stock markets rallied. The institutional investor held 449,409 shares of the industrial machinery and components company at the end of 2017Q3, valued at $38.55 million, down from 463,348 at the end of the previous reported quarter. Cortland Associates Inc who had been investing in Danaher Corp for a number of months, seems to be less bullish one the $68.56 billion market cap company. The stock increased 1.62% or $1.565 during the last trading session, reaching $98.415. About 487,317 shares traded. Danaher Corporation (NYSE:DHR) has risen 10.62% since February 21, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Mckinley Carter Wealth Services Inc increased its stake in Costco Whsl Corp New (COST) by 230.99% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Carter Wealth Services Inc bought 9,214 shares as the company’s stock rose 1.54% with the market. The institutional investor held 13,203 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $2.17 million, up from 3,989 at the end of the previous reported quarter. Mckinley Carter Wealth Services Inc who had been investing in Costco Whsl Corp New for a number of months, seems to be bullish on the $82.36 billion market cap company. The stock decreased 0.29% or $0.55 during the last trading session, reaching $187.57. About 565,121 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since February 21, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Analysts await Danaher Corporation (NYSE:DHR) to report earnings on April, 19. They expect $0.93 EPS, up 9.41% or $0.08 from last year’s $0.85 per share. DHR’s profit will be $647.84 million for 26.46 P/E if the $0.93 EPS becomes a reality. After $1.19 actual EPS reported by Danaher Corporation for the previous quarter, Wall Street now forecasts -21.85% negative EPS growth.

Among 20 analysts covering Danaher Corporation (NYSE:DHR), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Danaher Corporation had 85 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Danaher Corporation (NYSE:DHR) earned “Overweight” rating by Barclays Capital on Friday, October 23. The firm has “Neutral” rating by Citigroup given on Thursday, January 21. The stock of Danaher Corporation (NYSE:DHR) has “Overweight” rating given on Monday, October 5 by Barclays Capital. On Wednesday, September 13 the stock rating was maintained by Jefferies with “Buy”. On Friday, June 24 the stock rating was upgraded by Bernstein to “Outperform”. As per Friday, December 15, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by RBC Capital Markets given on Monday, July 10. Citigroup maintained the shares of DHR in report on Tuesday, April 19 with “Neutral” rating. Evercore initiated the stock with “Buy” rating in Wednesday, January 3 report. Bernstein downgraded it to “Market Perform” rating and $105 target in Monday, April 4 report.

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.40, from 1.41 in 2017Q2. It turned negative, as 58 investors sold DHR shares while 367 reduced holdings. 78 funds opened positions while 352 raised stakes. 511.08 million shares or 0.43% more from 508.92 million shares in 2017Q2 were reported. 70,364 are owned by Amalgamated Bancshares. King Luther Cap Mgmt accumulated 2.09 million shares. Citadel Lc reported 2.15 million shares stake. Ameriprise Finance Inc holds 0.05% of its portfolio in Danaher Corporation (NYSE:DHR) for 1.23M shares. Whalerock Point Ptnrs Ltd Co has 6,537 shares for 0.2% of their portfolio. Condor owns 19,272 shares. Northern Trust Corp holds 0.21% in Danaher Corporation (NYSE:DHR) or 9.36 million shares. Dynamic Mgmt Limited invested in 3,509 shares. First Natl Trust Communication has 5,331 shares. Metropolitan Life New York invested in 289,331 shares or 0.16% of the stock. Gateway Advisers Ltd Liability has 0.03% invested in Danaher Corporation (NYSE:DHR) for 36,051 shares. Archford Capital Strategies Ltd Liability owns 9,010 shares or 0.29% of their US portfolio. Locust Wood Advisers Ltd Limited Liability Company reported 480,329 shares stake. Janney Capital Ltd Limited Liability Company holds 170,970 shares. Shell Asset Management Com invested in 0.14% or 109,837 shares.

Since August 31, 2017, it had 0 insider buys, and 7 insider sales for $37.83 million activity. DANIEL WILLIAM K also sold $13.37M worth of Danaher Corporation (NYSE:DHR) shares. Shares for $6.42M were sold by COMAS DANIEL L. 42,988 shares were sold by Lalor Angela S, worth $4.40M. $3.62M worth of stock was sold by King William on Thursday, August 31. EHRLICH DONALD J also sold $960,736 worth of Danaher Corporation (NYSE:DHR) on Tuesday, October 24.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 121 analyst reports since August 24, 2015 according to SRatingsIntel. Sterne Agee CRT maintained it with “Buy” rating and $154 target in Friday, October 2 report. Telsey Advisory Group maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, October 1 with “Outperform” rating. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, December 9. The company was upgraded on Monday, October 26 by UBS. As per Thursday, August 31, the company rating was maintained by Robert W. Baird. The stock has “Outperform” rating by RBC Capital Markets on Thursday, December 8. The rating was maintained by Oppenheimer with “Buy” on Friday, October 6. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, September 23. The company was initiated on Tuesday, October 18 by Wells Fargo. The firm earned “Outperform” rating on Friday, May 27 by RBC Capital Markets.

Since September 1, 2017, it had 0 insider purchases, and 16 sales for $22.37 million activity. On Friday, October 20 GALANTI RICHARD A sold $802,892 worth of Costco Wholesale Corporation (NASDAQ:COST) or 5,000 shares. MEISENBACH JOHN W had sold 3,000 shares worth $580,230. $810,788 worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by ZOOK DENNIS R. SINEGAL JAMES D had sold 30,000 shares worth $5.76 million. The insider Murphy James P. sold 5,000 shares worth $937,421. $1.93 million worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by PORTERA JOSEPH P.

Mckinley Carter Wealth Services Inc, which manages about $815.35M and $260.58 million US Long portfolio, decreased its stake in Hormel Foods Corp (NYSE:HRL) by 43,709 shares to 20,860 shares, valued at $670,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard World Fds (VDC) by 10,416 shares in the quarter, leaving it with 33,874 shares, and cut its stake in Bard C R Inc (NYSE:BCR).

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.09, from 1.28 in 2017Q2. It dropped, as 69 investors sold COST shares while 383 reduced holdings. 103 funds opened positions while 433 raised stakes. 304.48 million shares or 2.26% less from 311.53 million shares in 2017Q2 were reported. Kelly Lawrence W And Associates Ca invested 2.73% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Obermeyer Wood Counsel Lllp holds 0.03% or 2,033 shares in its portfolio. Salem Counselors Inc accumulated 0.07% or 3,642 shares. Moreover, Menta Lc has 0.15% invested in Costco Wholesale Corporation (NASDAQ:COST). Maryland Cap holds 0.06% or 2,355 shares in its portfolio. First In owns 285 shares. Connors Investor Svcs Inc holds 1.49% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 60,090 shares. Bkd Wealth Advsr Lc accumulated 1,331 shares. Jacobson & Schmitt Ltd Liability Corp reported 30,330 shares stake. State Street holds 0.25% or 17.64 million shares. Davenport Ltd Llc invested in 14,971 shares or 0.03% of the stock. Private Ocean Lc holds 0% in Costco Wholesale Corporation (NASDAQ:COST) or 35 shares. First United Comml Bank stated it has 0.25% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). 121,547 are held by Texas Permanent School Fund. Ray Gerald L And Associates invested 0.03% in Costco Wholesale Corporation (NASDAQ:COST).

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By1 Maria Brooks

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