Selz Capital Has Raised Costco Wholesale (COST) Position by $2.95 Million as Market Valuation Rose; Metlife (MET) Shareholder Aviance Capital Management Has Lowered Its Holding

January 14, 2018 - By Adrian Mccoy

Aviance Capital Management Llc decreased its stake in Metlife Inc (MET) by 99.87% based on its latest 2017Q3 regulatory filing with the SEC. Aviance Capital Management Llc sold 8,301 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 11 shares of the finance company at the end of 2017Q3, valued at $1,000, down from 8,312 at the end of the previous reported quarter. Aviance Capital Management Llc who had been investing in Metlife Inc for a number of months, seems to be less bullish one the $56.12 billion market cap company. The stock decreased 0.30% or $0.16 during the last trading session, reaching $53.33. About 5.48 million shares traded or 27.99% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since January 14, 2017 and is uptrending. It has underperformed by 2.78% the S&P500.

Bernard Selz increased its stake in Costco Wholesale Corp (COST) by 43.37% based on its latest 2017Q3 regulatory filing with the SEC. Selz Capital Llc bought 18,000 shares as the company’s stock rose 1.54% with the market. The hedge fund run by Bernard Selz held 59,500 shares of the department and specialty retail stores company at the end of 2017Q3, valued at $9.78 million, up from 41,500 at the end of the previous reported quarter. Selz Capital Llc who had been investing in Costco Wholesale Corp for a number of months, seems to be bullish on the $84.24B market cap company. The stock increased 1.30% or $2.46 during the last trading session, reaching $191.84. About 3.50M shares traded or 19.38% up from the average. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since January 14, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 14 sales for $15.23 million activity. 5,000 shares valued at $943,080 were sold by Hines Daniel M. on Monday, January 8. 6,985 shares were sold by MOULTON PAUL G, worth $1.31M. The insider MEISENBACH JOHN W sold 1,000 shares worth $164,920. 5,000 shares were sold by Rose Timothy L., worth $966,000. 5,000 shares were sold by ZOOK DENNIS R, worth $810,788 on Wednesday, October 25. Murphy James P. sold $937,421 worth of stock or 5,000 shares.

Among 32 analysts covering Costco Wholesale (NASDAQ:COST), 22 have Buy rating, 0 Sell and 10 Hold. Therefore 69% are positive. Costco Wholesale had 118 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, October 2 by Robert W. Baird. Sterne Agee CRT maintained the shares of COST in report on Friday, October 2 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, August 3. Wells Fargo maintained it with “Hold” rating and $17000 target in Monday, June 26 report. The firm earned “Hold” rating on Monday, August 28 by BMO Capital Markets. Stifel Nicolaus maintained the shares of COST in report on Thursday, December 3 with “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, September 30. As per Thursday, December 10, the company rating was maintained by Argus Research. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, May 27. RBC Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Thursday, June 29. RBC Capital Markets has “Buy” rating and $19000 target.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.09, from 1.28 in 2017Q2. It turned negative, 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. Dearborn Prtn Ltd Liability Corporation stated it has 2,515 shares or 0.03% of all its holdings. Fic Cap Inc reported 0.56% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Howard Hughes Medical Institute invested in 1.02% or 25,000 shares. Savant Cap Llc reported 6,439 shares stake. Blair William And Il reported 0.45% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). 14,274 were accumulated by National Planning. Garrison Bradford Associates Incorporated holds 36,970 shares. Cibc World Mkts has 0.07% invested in Costco Wholesale Corporation (NASDAQ:COST) for 88,557 shares. Ashfield Prtn Limited Co owns 1.02% invested in Costco Wholesale Corporation (NASDAQ:COST) for 46,216 shares. Great Lakes Advisors Limited Liability has 6,373 shares for 0.02% of their portfolio. Badgley Phelps And Bell reported 83,934 shares or 1.02% of all its holdings. Oregon-based Peregrine Asset Advisers Incorporated has invested 0.43% in Costco Wholesale Corporation (NASDAQ:COST). American Century Incorporated has invested 0.37% in Costco Wholesale Corporation (NASDAQ:COST). Boyd Watterson Asset Mngmt Limited Liability Com Oh accumulated 2,339 shares. Bkd Wealth Advsr Llc reported 1,331 shares.

Analysts await MetLife, Inc. (NYSE:MET) to report earnings on February, 7. They expect $1.11 earnings per share, down 17.78% or $0.24 from last year’s $1.35 per share. MET’s profit will be $1.17 billion for 12.01 P/E if the $1.11 EPS becomes a reality. After $1.09 actual earnings per share reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 1.83% EPS growth.

Aviance Capital Management Llc, which manages about $2.20 billion and $1.45B US Long portfolio, upped its stake in General Dynamics Corp (NYSE:GD) by 3,947 shares to 7,319 shares, valued at $1.51 million in 2017Q3, according to the filing. It also increased its holding in Bce Inc Com New (NYSE:BCE) by 75,323 shares in the quarter, for a total of 75,458 shares, and has risen its stake in Deere & Co (NYSE:DE).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




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: