Madrona Financial Services Lowered Its Position in Costco Whsl New (COST) as Market Valuation Rose; Gmt Capital Decreased Its Kkr & Co LP Del (KKR) Stake as Share Price Rose

August 10, 2018 - By Clara Lewis

KKR & Co. Inc. (NYSE:KKR) Logo

Madrona Financial Services Llc decreased its stake in Costco Whsl Corp New (COST) by 12.33% based on its latest 2018Q1 regulatory filing with the SEC. Madrona Financial Services Llc sold 2,951 shares as the company’s stock rose 2.88% while stock markets declined. The institutional investor held 20,981 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $3.95M, down from 23,932 at the end of the previous reported quarter. Madrona Financial Services Llc who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $96.62 billion market cap company. The stock increased 0.95% or $2.07 during the last trading session, reaching $220.31. About 2.34 million shares traded or 20.71% up from the average. Costco Wholesale Corporation (NASDAQ:COST) has risen 13.52% since August 10, 2017 and is uptrending. It has outperformed by 0.95% the S&P500. Some Historical COST News: 09/04/2018 – Boxed, the Costco for millennials, is launching a free-shipping membership program – and it has one big advantage over Amazon Prime; 07/03/2018 – Costco 2Q Net $701M; 07/03/2018 – COSTCO FEB. U.S. COMP SALES EX-GAS UP 7.5%, EST. UP 6.2%; 08/03/2018 – Costco’s Squeeze on Suppliers Signifies Pain for P&G, Nestle; 11/04/2018 – COSTCO MARCH U.S. COMP SALES EX-GAS UP 6.7%, EST. UP 4.6%; 07/03/2018 – PREVIEW: Wall St discounts Costco ahead of quarterly report; 29/05/2018 – Costco Wholesale Corp expected to post earnings of $1.69 a share – Earnings Preview; 09/05/2018 – COSTCO APRIL COMP SALES EX-GAS UP 7.9%, EST. UP 6.60%; 25/05/2018 – ♫ Reuters Insider – U.S. Week Ahead: Looking for improvement in job growth nationwide as well as business at Costco; 07/03/2018 – COSTCO SAYS U.S. MEMBERSHIP RENEWAL RATE RISES TO 90.1% IN 2Q

Gmt Capital Corp decreased its stake in Kkr & Co LP Del (KKR) by 56.06% based on its latest 2018Q1 regulatory filing with the SEC. Gmt Capital Corp sold 268,800 shares as the company’s stock rose 1.81% while stock markets declined. The hedge fund held 210,700 shares of the investment managers company at the end of 2018Q1, valued at $4.28M, down from 479,500 at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Kkr & Co LP Del for a number of months, seems to be less bullish one the $13.50 billion market cap company. The stock decreased 1.94% or $0.51 during the last trading session, reaching $25.73. About 3.33M shares traded. KKR & Co. Inc. (NYSE:KKR) has risen 20.56% since August 10, 2017 and is uptrending. It has outperformed by 7.99% the S&P500. Some Historical KKR News: 09/03/2018 – FTC: 20171840: KKR North America Fund XI (AMG) LLC; Envision Healthcare Corporation; 18/05/2018 – Triton and KKR Sell Finland’s Mehiläinen to CVC Capital Partners; 03/05/2018 – KKR CO-PRESIDENT SPEAKS SCOTT NUTTALL SPEAKS ON CONFERENCE CALL; 18/05/2018 – Ralph Rosenberg Says KKR to Expand Its Presence in Asia (Video); 16/05/2018 – QINGDAO HAIER SAYS KKR HOME INVESTMENT S.À.R.L. OWNS 4.99 PCT STAKE IN THE COMPANY AFTER TRANSACTIONS; 19/03/2018 – Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets; 08/03/2018 – LINDE LING.DE , PRAXAIR PX.N HAVE ASKED FOR FIRST-ROUND BIDS BY END-MARCH FOR PLANNED DIVESTITURES; 29/05/2018 – KIMBELL ROYALTY – FOLLOWING DEAL CLOSE, HAYMAKER’S PRIVATE EQUITY SPONSORS WILL OWN ABOUT 37% OF KIMBELL; 13/03/2018 – AMERICAN TOWER, KKR ARE SAID AMONG BIDDERS FOR ALTICE TOWERS; 07/03/2018 – KKR to Acquire Majority Interest in Heartland Dental

Investors sentiment increased to 1.16 in 2018 Q1. Its up 0.09, from 1.07 in 2017Q4. It is positive, as 26 investors sold KKR shares while 78 reduced holdings. 34 funds opened positions while 87 raised stakes. 319.42 million shares or 3.55% more from 308.46 million shares in 2017Q4 were reported. Provise Management Group Ltd Limited Liability Company owns 11,915 shares for 0.04% of their portfolio. Tower Cap Limited Liability (Trc) has invested 0.06% in KKR & Co. Inc. (NYSE:KKR). Webster Bancshares N A owns 200 shares or 0% of their US portfolio. Td Asset Mgmt stated it has 0.05% in KKR & Co. Inc. (NYSE:KKR). New York-based Teton Inc has invested 0.17% in KKR & Co. Inc. (NYSE:KKR). Beaumont Fincl Prns Ltd Liability reported 10,000 shares. Clinton stated it has 15,746 shares. Bank & Trust Of Montreal Can holds 0.2% of its portfolio in KKR & Co. Inc. (NYSE:KKR) for 11.06 million shares. Covey Advisors Ltd Limited Liability Company has 5.67% invested in KKR & Co. Inc. (NYSE:KKR) for 203,503 shares. Ls Investment Advisors Ltd Llc has invested 0.02% of its portfolio in KKR & Co. Inc. (NYSE:KKR). 20,025 were accumulated by Fincl Bank. Loomis Sayles And LP reported 0.01% in KKR & Co. Inc. (NYSE:KKR). Benjamin F Edwards And has invested 0% in KKR & Co. Inc. (NYSE:KKR). Shanda Asset Mngmt Holdings Ltd reported 4.66% of its portfolio in KKR & Co. Inc. (NYSE:KKR). Akre Cap Ltd Liability Corp, Virginia-based fund reported 4.80 million shares.

More notable recent KKR & Co. Inc. (NYSE:KKR) news were published by: Benzinga.com which released: “KKR & Co’s Earnings Outlook” on July 25, 2018, also Seekingalpha.com with their article: “FS/KKR Advisor closes five-year $3.44B revolving credit facility” published on August 09, 2018, Fool.com published: “3 Things Williams Companies’ CEO Wants You to Know About What’s Coming Down the Pipeline” on August 09, 2018. More interesting news about KKR & Co. Inc. (NYSE:KKR) were released by: Seekingalpha.com and their article: “Williams And KKR Team Up To Acquire Discovery DJ Services” published on August 03, 2018 as well as Bizjournals.com‘s news article titled: “Williams to enter DJ Basin, exit Four Corners in two $1B deals with Texas cos.” with publication date: July 30, 2018.

Gmt Capital Corp, which manages about $9.19B and $4.15B US Long portfolio, upped its stake in Natural Grocers By Vitamin C (NYSE:NGVC) by 655,507 shares to 746,805 shares, valued at $5.35M in 2018Q1, according to the filing. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 31,200 shares in the quarter, for a total of 491,022 shares, and has risen its stake in Biogen Inc (NASDAQ:BIIB).

Analysts await KKR & Co. Inc. (NYSE:KKR) to report earnings on October, 25. They expect $0.44 EPS, up 22.22% or $0.08 from last year’s $0.36 per share. KKR’s profit will be $230.89M for 14.62 P/E if the $0.44 EPS becomes a reality. After $0.49 actual EPS reported by KKR & Co. Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Among 14 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Kohlberg Kravis Roberts & Co. had 67 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, April 10 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Market Perform” rating by Wood given on Monday, July 11. Oppenheimer maintained KKR & Co. Inc. (NYSE:KKR) on Wednesday, October 28 with “Outperform” rating. The firm earned “Buy” rating on Wednesday, May 16 by Citigroup. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, August 8. Sandler O’Neill maintained KKR & Co. Inc. (NYSE:KKR) rating on Thursday, January 11. Sandler O’Neill has “Hold” rating and $24.0 target. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Oppenheimer on Thursday, October 26 with “Buy”. The firm earned “Buy” rating on Wednesday, January 10 by Credit Suisse. The stock has “Buy” rating by Jefferies on Friday, July 7.

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.06, from 0.98 in 2017Q4. It turned 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. Invest House Ltd Llc reported 74,236 shares stake. The Rhode Island-based Parsons Capital Mngmt Ri has invested 0.08% in Costco Wholesale Corporation (NASDAQ:COST). Rdl Financial Incorporated invested in 1,717 shares. Messner And Smith Theme Value Investment Ltd Ca reported 33 shares stake. Crestwood Advisors Ltd reported 0.03% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Palisades Hudson Asset Management Limited Partnership has 2,213 shares for 0.23% of their portfolio. Hartford Mgmt invested in 0.33% or 87,196 shares. Daiwa Securities Group Incorporated has invested 0.02% in Costco Wholesale Corporation (NASDAQ:COST). Wendell David stated it has 0.04% in Costco Wholesale Corporation (NASDAQ:COST). 1,500 are held by Birinyi Assocs. Piedmont Inv Limited Liability Company has invested 0.33% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Blue Chip Ptnrs reported 0.1% stake. Capital Investors reported 1.65M shares. 928,861 were reported by Jpmorgan Chase And. Willingdon Wealth Management holds 1.03% or 17,316 shares.

Since March 1, 2018, it had 0 insider purchases, and 14 insider sales for $19.80 million activity. 2,500 shares were sold by Rose Timothy L., worth $512,970. Another trade for 15,000 shares valued at $3.29 million was sold by Murphy James P.. Shares for $1.43M were sold by Hines Daniel M.. Miller Russell D also sold $2.41 million worth of Costco Wholesale Corporation (NASDAQ:COST) shares. Another trade for 3,000 shares valued at $625,260 was sold by MEISENBACH JOHN W. Shares for $498,315 were sold by GALANTI RICHARD A on Friday, June 15.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Analysts push up expectations for Costco” on July 12, 2018, also Seekingalpha.com with their article: “The No. 1 Reason To Buy Costco Stock” published on July 25, 2018, Seekingalpha.com published: “Costco Or Walmart For Dividends?” on July 18, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Consumer Edge updates on Costco” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “Investors Don’t Get Costco” with publication date: July 24, 2018.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on October, 4. They expect $2.29 EPS, up 10.10% or $0.21 from last year’s $2.08 per share. COST’s profit will be $1.00 billion for 24.05 P/E if the $2.29 EPS becomes a reality. After $1.70 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 34.71% EPS growth.

Madrona Financial Services Llc, which manages about $133.24M and $125.60 million US Long portfolio, upped its stake in Advisorshares Tr (FWDI) by 19,125 shares to 386,373 shares, valued at $11.99M in 2018Q1, according to the filing. It also increased its holding in Advisorshares Tr (FWDB) by 18,403 shares in the quarter, for a total of 538,126 shares, and has risen its stake in Vanguard Index Fds (VTI).

Among 33 analysts covering Costco Wholesale (NASDAQ:COST), 24 have Buy rating, 0 Sell and 9 Hold. Therefore 73% are positive. Costco Wholesale had 137 analyst reports since August 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Friday, April 7. BMO Capital Markets has “Outperform” rating and $195 target. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by UBS on Monday, October 26. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Robert W. Baird on Thursday, April 12. The company was upgraded on Friday, January 12 by Gordon Haskett. The stock has “Neutral” rating by Northcoast on Tuesday, November 3. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 9. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Outperform” rating given on Tuesday, May 3 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, June 29 by RBC Capital Markets. UBS maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, August 31 with “Buy” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Robert W. Baird on Thursday, March 8.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart

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