Signature Estate & Investment Advisors LLC Decreased Stake in Costco Whsl Corp New (NASDAQ:COST) by $12.24 Million as Shares Declined


Signature Estate & Investment Advisors Llc decreased its stake in Costco Whsl Corp New (NASDAQ:COST) by 93.03% based on its latest 2016Q2 regulatory filing with the SEC. Signature Estate & Investment Advisors Llc sold 77,978 shares as the company’s stock declined 1.23% while stock markets rallied. The institutional investor held 5,840 shares of the department and specialty retail stores company at the end of 2016Q2, valued at $920,000, down from 83,818 at the end of the previous reported quarter. Signature Estate & Investment Advisors Llc who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $66.68B market cap company. The stock is down 0.31% or $0.47 after the negative news, hitting $151.22 per share. About 517,737 shares traded hands. Costco Wholesale Corporation (NASDAQ:COST) has risen 3.18% since February 8, 2016 and is uptrending. It has underperformed by 13.31% the S&P500.

Signature Estate & Investment Advisors Llc, which manages about $610.10M US Long portfolio, upped its stake in Ubs Ag Jersey Brh (MLPI) by 128,483 shares to 1.07 million shares, valued at $25.77M in 2016Q2, according to the filing. It also increased its holding in Rydex Etf Trust (RPG) by 157,084 shares in the quarter, for a total of 824,642 shares, and has risen its stake in Alphabet Inc.

The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.06, from 0.95 in 2016Q1. The ratio is positive, as 75 funds sold all COST shares owned while 403 reduced positions. 73 funds bought stakes while 410 increased positions. They now own 314.43 million shares or 6.83% less from 337.47 million shares in 2016Q1.

Capital Investment Counsel Inc holds 7.14% of its portfolio in COST for 87,650 shares. Norman Fields Gottscho Capital Management Llc owns 64,910 shares or 7.13% of their US portfolio. Moreover, Csat Investment Advisory L.P. has 6.52% invested in the company for 19,759 shares. The New York-based Garrison Bradford & Associates Inc has invested 5.85% in the stock. Willow Creek Wealth Management Inc., a California-based fund reported 41,344 shares.

Out of 20 analysts covering Costco Wholesale Corporation (NASDAQ:COST), 14 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 70% are positive. Costco Wholesale Corporation has been the topic of 35 analyst reports since September 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock on May 27 with “Outperform” rating.

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The company has a market cap of $66.68 billion. The Firm operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. It has a 28.57 P/E ratio. The Company’s warehouses generally operate on a seven-day, 69-hour week.

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