Stock News

Albion Financial Group Has Lifted Holding in Costco Wholesale (COST) by $2.50 Million; American Express Co (AXP) Valuation Declined While Qv Investors Has Cut Stake

American Express Company (NYSE:AXP) Logo

Qv Investors Inc decreased its stake in American Express Co (AXP) by 7.3% based on its latest 2018Q1 regulatory filing with the SEC. Qv Investors Inc sold 45,140 shares as the company’s stock declined 0.53% with the market. The institutional investor held 572,849 shares of the consumer services company at the end of 2018Q1, valued at $53.44M, down from 617,989 at the end of the previous reported quarter. Qv Investors Inc who had been investing in American Express Co for a number of months, seems to be less bullish one the $83.65 billion market cap company. The stock increased 0.62% or $0.6 during the last trading session, reaching $97.23. About 9.08M shares traded or 156.71% up from the average. American Express Company (NYSE:AXP) has risen 30.55% since June 23, 2017 and is uptrending. It has outperformed by 17.98% the S&P500. Some Historical AXP News: 12/04/2018 – American Express Will Open Eleventh Location of The CENTURION® Lounge at Denver International Airport; 28/03/2018 – American Express: Petrino Has Served as Global Head of Operational Risk and Oversight since May 2016; 15/05/2018 – American Express U.S. Small Business Card Member Net Write-off Rate, Principal Only, Was 1.9 % for April; 16/04/2018 – Fourth Annual American Express Leadership Academy Global Alumni Summit Connects Social Purpose Leaders from Around the World; 20/03/2018 – American Express Releases Statement Regarding Orbitz Cyber Attack; 13/03/2018 – Buying Goldman, Amex, Selling Altaba, Apple — Barrons.com; 16/04/2018 – American Express and Marriott Unveil New and Refreshed Starwood Preferred Guest Co-Branded Credit Cards; 07/05/2018 – Groupon Launches Local Restaurant Deals for American Express Card Members; 16/04/2018 – American Express, Marriott Unveil ‘New and Refreshed’ Starwood Preferred Guest Co-Branded Credit Cards; 20/03/2018 – AXP: CYBER ATTACK INVOLVED AN ORBITZ PLATFORM

Albion Financial Group increased its stake in Costco Wholesale Corp (COST) by 93.61% based on its latest 2018Q1 regulatory filing with the SEC. Albion Financial Group bought 13,277 shares as the company’s stock rose 2.88% while stock markets declined. The institutional investor held 27,460 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $5.17M, up from 14,183 at the end of the previous reported quarter. Albion Financial Group who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $92.58B market cap company. The stock increased 0.54% or $1.14 during the last trading session, reaching $211.1. About 1.62M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 13.52% since June 23, 2017 and is uptrending. It has outperformed by 0.95% the S&P500. Some Historical COST News: 15/05/2018 – BHAKTI Launches New lced Chai Beverages; 06/04/2018 – China trade dispute could slam U.S. retailers; 16/05/2018 – As Skin-Baring Season Dawns, SeroVital’s hGH Booster Becomes Easier to Find Through National Costco Distribution; 09/05/2018 – COSTCO APRIL COMP SALES EX-GAS UP 7.9%, EST. UP 6.60%; 25/04/2018 – Fitch Affirms Costco’s IDR at ‘A+’; Outlook Stable; 07/03/2018 – COSTCO FEB. U.S. COMP SALES EX-GAS UP 7.5%, EST. UP 6.2%; 29/05/2018 – Costco Wholesale Corp expected to post earnings of $1.69 a share – Earnings Preview; 17/04/2018 – Former Costco Wholesale Executives Bring Transparency To Fast Food; 17/05/2018 – Hak’s Launches First All-Organic Meal Kit Exclusively in LA Costco Stores; 30/04/2018 – JPMorgan Disciplined Equity Adds Medtronic, Exits Costco

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Globenewswire.com which released: “Costco Wholesale Corporation Reports May Sales Results” on June 07, 2018, also Investorplace.com with their article: “Costco Is Still Among the Best Retail Stocks to Buy” published on June 04, 2018, Nasdaq.com published: “Costco Wholesale Corporation Went on Sale. Go Long in Bulk!” on June 01, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Costco: Small Margins But Large Growth” published on June 15, 2018 as well as Nasdaq.com‘s news article titled: “Should You Invest in Emerging Market ETFs Right Now?” with publication date: June 22, 2018.

Among 33 analysts covering Costco Wholesale (NASDAQ:COST), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Costco Wholesale had 134 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by UBS on Thursday, May 3. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Oppenheimer on Friday, May 26. The company was maintained on Wednesday, September 30 by Deutsche Bank. Goldman Sachs downgraded Costco Wholesale Corporation (NASDAQ:COST) on Friday, June 16 to “Hold” rating. The firm has “Buy” rating by Robert W. Baird given on Monday, October 2. The rating was maintained by JP Morgan on Monday, October 5 with “Overweight”. The firm has “Buy” rating by Piper Jaffray given on Wednesday, September 2. Bernstein initiated the stock with “Mkt Perform” rating in Monday, February 6 report. As per Monday, June 19, the company rating was maintained by Cowen & Co. Robert W. Baird maintained it with “Buy” rating and $23000 target in Thursday, June 7 report.

Since December 22, 2017, it had 0 insider purchases, and 17 insider sales for $20.64 million activity. Shares for $2.41M were sold by Miller Russell D on Thursday, April 19. 3,000 Costco Wholesale Corporation (NASDAQ:COST) shares with value of $560,730 were sold by MEISENBACH JOHN W. Rose Timothy L. also sold $3.15 million worth of Costco Wholesale Corporation (NASDAQ:COST) on Friday, March 9. On Monday, March 12 the insider MOULTON PAUL G sold $2.21M. $937,421 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Murphy James P. on Friday, January 5. Hines Daniel M. sold $943,080 worth of stock or 5,000 shares.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.06, from 0.98 in 2017Q4. It is negative, as 62 investors sold COST shares while 440 reduced holdings. 92 funds opened positions while 371 raised stakes. 305.24 million shares or 0.97% less from 308.22 million shares in 2017Q4 were reported. Columbia Asset Mngmt holds 4,875 shares or 0.27% of its portfolio. Bremer Natl Association accumulated 1,534 shares. 78,047 are owned by Godsey & Gibb. Motley Fool Asset Management Llc owns 44,173 shares or 1.17% of their US portfolio. Cannell Peter B Co stated it has 75,832 shares or 0.54% of all its holdings. Cadinha & Ltd Llc reported 5.32% in Costco Wholesale Corporation (NASDAQ:COST). Whittier Com accumulated 48,004 shares or 0.3% of the stock. Welch Lc has invested 0.01% in Costco Wholesale Corporation (NASDAQ:COST). Cibc Asset Management Inc owns 58,586 shares. 750 are held by Thompson Siegel Walmsley Limited Liability. Waddell & Reed Financial Incorporated reported 851,614 shares. Harvest Cap invested in 2,100 shares. Moreover, Ghp Invest Advsr has 0.42% invested in Costco Wholesale Corporation (NASDAQ:COST) for 15,837 shares. Savant Cap Limited Com has 5,285 shares for 0.21% of their portfolio. Bragg Financial Advsr Incorporated stated it has 0.65% in Costco Wholesale Corporation (NASDAQ:COST).

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.81 EPS, up 23.13% or $0.34 from last year’s $1.47 per share. AXP’s profit will be $1.56B for 13.43 P/E if the $1.81 EPS becomes a reality. After $1.86 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts -2.69% negative EPS growth.

Qv Investors Inc, which manages about $1.15 billion US Long portfolio, upped its stake in Aflac Inc (NYSE:AFL) by 528,730 shares to 1.05 million shares, valued at $45.79 million in 2018Q1, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 11,090 shares in the quarter, for a total of 1.08 million shares, and has risen its stake in Chevron Corp (NYSE:CVX).

Since January 2, 2018, it had 0 buys, and 8 sales for $12.05 million activity. Another trade for 12,500 shares valued at $1.23M was made by Squeri Stephen J on Tuesday, May 1. Another trade for 3,804 shares valued at $376,710 was sold by Buckminster Douglas E.. 9,880 shares were sold by Petrino Richard, worth $1.02M. $1.32M worth of American Express Company (NYSE:AXP) shares were sold by Bush James Peter. The insider Cox L Kevin sold 50,412 shares worth $5.07 million.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.08, from 0.89 in 2017Q4. It is negative, as 52 investors sold AXP shares while 462 reduced holdings. 99 funds opened positions while 318 raised stakes. 695.82 million shares or 0.87% less from 701.90 million shares in 2017Q4 were reported. Qci Asset Mgmt invested in 61 shares. Nichols & Pratt Advisers Llp Ma accumulated 2,600 shares or 0.02% of the stock. Cornercap Inv Counsel Inc invested in 2,259 shares or 0.03% of the stock. South State has invested 0.47% of its portfolio in American Express Company (NYSE:AXP). Mechanics State Bank Department stated it has 0.15% in American Express Company (NYSE:AXP). Ontario – Canada-based Sprucegrove Invest Mngmt has invested 1.11% in American Express Company (NYSE:AXP). Old Natl Bank In holds 0.07% or 15,155 shares in its portfolio. Martingale Asset Management Ltd Partnership reported 245,633 shares stake. Bluecrest Capital Mngmt Limited reported 3,291 shares. Virginia-based Wilbanks Smith & Thomas Asset Mngmt Llc has invested 0.17% in American Express Company (NYSE:AXP). Tortoise Inv Mgmt Ltd Com has 0.01% invested in American Express Company (NYSE:AXP) for 317 shares. 230,696 were accumulated by Gulf Intl Retail Bank (Uk) Limited. Invsts Asset Management Of Georgia Ga Adv stated it has 7,875 shares or 0.54% of all its holdings. Fjarde Ap owns 211,091 shares for 0.3% of their portfolio. Optimum Inv Advisors has invested 0.06% of its portfolio in American Express Company (NYSE:AXP).

Among 38 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 22 Hold. Therefore 34% are positive. American Express Company had 123 analyst reports since July 23, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Buy” rating and $11000 target in Thursday, April 12 report. The firm has “Sell” rating given on Friday, September 15 by RBC Capital Markets. The rating was maintained by Buckingham Research with “Neutral” on Thursday, April 19. The stock of American Express Company (NYSE:AXP) has “Hold” rating given on Thursday, July 23 by S&P Research. JMP Securities initiated the stock with “Market Perform” rating in Tuesday, December 22 report. On Monday, September 18 the stock rating was maintained by Jefferies with “Hold”. The stock of American Express Company (NYSE:AXP) earned “Hold” rating by Jefferies on Thursday, October 19. The firm has “Underperform” rating by Oppenheimer given on Friday, January 22. UBS initiated American Express Company (NYSE:AXP) rating on Tuesday, March 27. UBS has “Buy” rating and $11100 target. The firm earned “Buy” rating on Monday, December 18 by Bank of America.

More important recent American Express Company (NYSE:AXP) news were published by: Benzinga.com which released: “Similar To Uber, eBay Network Effects Offer Big Upside” on June 08, 2018, also 247Wallst.com published article titled: “Amazon Becomes Credit Card King Maker”, Fool.com published: “Better Buy: Berkshire Hathaway vs. American Express” on June 13, 2018. More interesting news about American Express Company (NYSE:AXP) was released by: Nasdaq.com and their article: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” with publication date: June 20, 2018.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *