As Phillips 66 Partners (PSXP) Share Price Declined, Shareholder Pinnacle Holdings Cut Stake by $129.02 Million; As Costco Whsl New (COST) Stock Price Declined, Holder Autus Asset Management Has Decreased Its Holding

Costco Wholesale Corporation (NASDAQ:COST) Logo

Pinnacle Holdings Llc decreased its stake in Phillips 66 Partners (PSXP) by 4.74% based on its latest 2018Q3 regulatory filing with the SEC. Pinnacle Holdings Llc sold 2,523 shares as the company’s stock declined 13.12% with the market. The hedge fund held 50,721 shares of the natural gas distribution company at the end of 2018Q3, valued at $2.59 billion, down from 53,244 at the end of the previous reported quarter. Pinnacle Holdings Llc who had been investing in Phillips 66 Partners for a number of months, seems to be less bullish one the $5.94B market cap company. The stock decreased 1.40% or $0.68 during the last trading session, reaching $47.99. About 405,284 shares traded or 8.30% up from the average. Phillips 66 Partners LP (NYSE:PSXP) has declined 2.97% since January 12, 2018 and is downtrending. It has underperformed by 2.97% the S&P500. Some Historical PSXP News: 18/04/2018 – Phillips 66 Partners Announces 5 Percent Increase in Quarterly Cash Distribution; 22/05/2018 – Phillips 66 Reports Tripped Compressors at Sweeny Refinery in Texas; 23/03/2018 – DIARY-U.S. refinery operations-Phillips 66 Says Planned Work Underway at Bayway, NJ Refinery; 23/04/2018 – PHILLIPS 66 SAYS BORGER MAINTENANCE CRIMPING FUEL OUTPUT; 27/04/2018 – Phillips 66 Partners 1Q Adjusted Ebitda $247M; 24/04/2018 – PHILLIPS 66 PARTNERS LP – GRAY OAK PIPELINE, A JV OWNED 75 PCT BY CO AND 25 PCT BY ANDEAVOR WILL OWN PIPELINE SYSTEM; 02/04/2018 – Fidelity Mega Cap Adds Pfizer, Exits Phillips 66; 24/04/2018 – PHILLIPS 66 PARTNERS – RECEIVED SUFFICIENT BINDING COMMITMENTS ON AN INITIAL OPEN SEASON TO PROCEED WITH CONSTRUCTION OF GRAY OAK PIPELINE SYSTEM; 24/04/2018 – BUCKEYE PARTNERS FORMED JV WITH PHILLIPS 66 PARTNERS, ANDEAVOR

Autus Asset Management Llc decreased its stake in Costco Whsl Corp New (COST) by 2.73% based on its latest 2018Q3 regulatory filing with the SEC. Autus Asset Management Llc sold 1,455 shares as the company’s stock declined 8.44% with the market. The institutional investor held 51,922 shares of the department and specialty retail stores company at the end of 2018Q3, valued at $12.20M, down from 53,377 at the end of the previous reported quarter. Autus Asset Management Llc who had been investing in Costco Whsl Corp New for a number of months, seems to be less bullish one the $92.73B market cap company. The stock decreased 0.06% or $0.13 during the last trading session, reaching $210.51. About 1.86M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 19.58% since January 12, 2018 and is uptrending. It has outperformed by 19.58% the S&P500. Some Historical COST News: 23/03/2018 – Target, Kroger shares rise on merger report, but source tells CNBC there is no deal; 07/03/2018 – COSTCO 2Q EPS $1.59, EST. $1.49; 07/03/2018 – Costco 2Q Rev $32.99B; 24/04/2018 – Costco Wholesale Corp Announces an Increase in Its Qtrly Cash Div; 06/04/2018 – China trade dispute could slam U.S. retailers; 11/04/2018 – COSTCO WHOLESALE CORP- FOR THIRTY-ONE WEEKS ENDED APRIL 8, 2018, REPORTED NET SALES OF $81.43 BLN, INCREASE OF 11.8 PERCENT FROM $72.82 BLN LAST YEAR; 29/05/2018 – Costco’s Taiwan Comment Leads to Economy-Sized Headache in China; 07/03/2018 – COSTCO WHOLESALE CORP – NET SALES FOR QUARTER INCREASED 10.8 PERCENT, TO $32.28 BLN FROM $29.13 BLN LAST YEAR; 09/05/2018 – COSTCO WHOLESALE CORP COST.O SAYS NET SALES OF $10.81 BLN FOR RETAIL MONTH OF APRIL, FOUR WEEKS ENDED MAY 6, 2018, AN INCREASE OF 13.1 PERCENT; 07/03/2018 – COSTCO 2Q REV. $33.00B, EST. $32.75B

Among 33 analysts covering Costco Wholesale (NASDAQ:COST), 21 have Buy rating, 0 Sell and 12 Hold. Therefore 64% are positive. Costco Wholesale had 149 analyst reports since August 24, 2015 according to SRatingsIntel. On Friday, April 7 the stock rating was maintained by BMO Capital Markets with “Outperform”. Wells Fargo maintained it with “Market Perform” rating and $220 target in Friday, December 14 report. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Hold” rating by Jefferies on Tuesday, August 22. Bernstein initiated Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, February 6. Bernstein has “Mkt Perform” rating and $170 target. The firm has “Buy” rating by Robert W. Baird given on Monday, October 2. The firm earned “Outperform” rating on Monday, December 18 by BMO Capital Markets. Citigroup maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, July 23. Citigroup has “Buy” rating and $250 target. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, December 3 report. The company was upgraded on Friday, January 12 by Gordon Haskett. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, September 30.

Since July 23, 2018, it had 0 insider purchases, and 10 selling transactions for $18.32 million activity. DECKER SUSAN L had sold 739 shares worth $151,495. LAZARUS FRANZ E had sold 23,000 shares worth $5.22M on Thursday, October 25. GALANTI RICHARD A also sold $945,940 worth of Costco Wholesale Corporation (NASDAQ:COST) shares. Shares for $5.03 million were sold by JELINEK W CRAIG on Monday, October 29. MEISENBACH JOHN W sold $699,420 worth of stock or 3,000 shares. Shares for $458,976 were sold by LIBENSON RICHARD M on Monday, October 22.

Autus Asset Management Llc, which manages about $447.84 million and $603.20 million US Long portfolio, upped its stake in Paypal Hldgs Inc by 5,128 shares to 31,629 shares, valued at $2.78M in 2018Q3, according to the filing. It also increased its holding in Ishares Tr (CSJ) by 53,842 shares in the quarter, for a total of 108,444 shares, and has risen its stake in Vanguard Scottsdale Fds (VCIT).

Investors sentiment is 1.11 in 2018 Q3. Its the same as in 2018Q2. It is the same, as 34 investors sold COST shares while 432 reduced holdings. only 136 funds opened positions while 383 raised stakes. 298.17 million shares or 2.49% less from 305.79 million shares in 2018Q2 were reported. Sterling Mgmt Limited Liability Corporation has 0.04% invested in Costco Wholesale Corporation (NASDAQ:COST) for 16,743 shares. Asset One Company holds 0.36% in Costco Wholesale Corporation (NASDAQ:COST) or 736,601 shares. Oak Ridge Invests Ltd Com accumulated 75,374 shares or 0.98% of the stock. Utd Svcs Automobile Association reported 0.17% in Costco Wholesale Corporation (NASDAQ:COST). Peddock Capital Advisors Ltd Liability Com owns 1,885 shares for 0.21% of their portfolio. Middleton And Ma holds 51,003 shares. Birinyi Assocs Inc invested in 1,500 shares or 0.13% of the stock. Aqr Capital Mngmt Limited Liability Com stated it has 592,308 shares. Amp Cap owns 204,609 shares for 0.26% of their portfolio. Oppenheimer Co owns 116,147 shares for 0.69% of their portfolio. Gould Asset Mgmt Ltd Liability Ca invested 0.14% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Intersect Cap Lc stated it has 3,762 shares. Regal Inv Advsr Ltd Liability has invested 0.36% in Costco Wholesale Corporation (NASDAQ:COST). Norris Perne French Llp Mi stated it has 2.36% in Costco Wholesale Corporation (NASDAQ:COST). Kornitzer Capital Inc Ks owns 180,639 shares.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on March, 6. They expect $1.65 EPS, up 16.20% or $0.23 from last year’s $1.42 per share. COST’s profit will be $726.81M for 31.90 P/E if the $1.65 EPS becomes a reality. After $1.61 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 2.48% EPS growth.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Nasdaq.com which released: “Can Pilgrim’s Pride’s Growth Strategies Revive the Stock? – Nasdaq” on January 08, 2019, also Nasdaq.com with their article: “MGM Resorts Stock Gains on Probable Starboard Value Stake – Nasdaq” published on January 11, 2019, Nasdaq.com published: “COST February 2019 Options Begin Trading – Nasdaq” on December 13, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Nasdaq.com and their article: “GM gives strong 2019 earnings forecast, shares jump 8 pct – Nasdaq” published on January 11, 2019 as well as Nasdaq.com‘s news article titled: “Can Columbia Sportswear’s Growth Efforts Pare SG&A Cost Woes? – Nasdaq” with publication date: January 02, 2019.

Among 17 analysts covering Phillips 66 Partners (NYSE:PSXP), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Phillips 66 Partners had 63 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, August 23 by Jefferies. The firm earned “Buy” rating on Sunday, February 4 by Stifel Nicolaus. The firm has “Overweight” rating by JP Morgan given on Tuesday, March 15. As per Thursday, September 7, the company rating was maintained by Jefferies. The stock of Phillips 66 Partners LP (NYSE:PSXP) earned “Hold” rating by Jefferies on Tuesday, April 24. RBC Capital Markets maintained Phillips 66 Partners LP (NYSE:PSXP) on Sunday, October 1 with “Buy” rating. The stock of Phillips 66 Partners LP (NYSE:PSXP) earned “Outperform” rating by Raymond James on Monday, October 29. On Thursday, December 15 the stock rating was downgraded by Goldman Sachs to “Sell”. Stifel Nicolaus maintained Phillips 66 Partners LP (NYSE:PSXP) rating on Monday, April 30. Stifel Nicolaus has “Buy” rating and $57 target. On Thursday, January 11 the stock rating was downgraded by Morgan Stanley to “Hold”.

More notable recent Phillips 66 Partners LP (NYSE:PSXP) news were published by: Fool.com which released: “The Building Boom Continues as Another New Permian Basin Oil Pipeline Is Underway – The Motley Fool” on September 04, 2018, also Fool.com with their article: “Better Buy: Kinder Morgan Canada Limited vs. Phillips 66 Partners – The Motley Fool” published on December 22, 2018, Fool.com published: “This Underfollowed Stock Is Racing to Fix This $100 Million-a-Day Issue – The Motley Fool” on October 16, 2018. More interesting news about Phillips 66 Partners LP (NYSE:PSXP) were released by: Seekingalpha.com and their article: “Phillips 66 Partners LP 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on July 30, 2018 as well as Fool.com‘s news article titled: “This Oil Stock Continues to Focus on Capturing This $800 Billion Opportunity – The Motley Fool” with publication date: December 17, 2018.

Analysts await Phillips 66 Partners LP (NYSE:PSXP) to report earnings on February, 8 before the open. They expect $1.05 EPS, up 26.51% or $0.22 from last year’s $0.83 per share. PSXP’s profit will be $130.01 million for 11.43 P/E if the $1.05 EPS becomes a reality. After $1.10 actual EPS reported by Phillips 66 Partners LP for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Investors sentiment decreased to 1.04 in Q3 2018. Its down 0.34, from 1.38 in 2018Q2. It fall, as 14 investors sold PSXP shares while 40 reduced holdings. 20 funds opened positions while 36 raised stakes. 47.72 million shares or 4.82% more from 45.53 million shares in 2018Q2 were reported. Cbre Clarion Ltd Company owns 15,171 shares for 0.01% of their portfolio. Exchange Capital Mngmt reported 300 shares stake. Miller Howard Invs Inc Ny owns 365,897 shares for 0.45% of their portfolio. Engy Income Limited Liability has invested 2.03% in Phillips 66 Partners LP (NYSE:PSXP). Mariner Ltd Limited Liability Company accumulated 0.06% or 46,533 shares. Lazard Asset Management Ltd Co stated it has 0% in Phillips 66 Partners LP (NYSE:PSXP). Nelson Van Denburg Campbell Wealth Grp accumulated 5,311 shares. Benjamin F Edwards & Comm stated it has 200 shares. Fifth Third Bankshares holds 0% or 423 shares in its portfolio. Freestone Cap Ltd Liability Corporation reported 99,854 shares or 0.03% of all its holdings. Brookfield Asset holds 1.34M shares. Cadence Capital Ltd owns 265,323 shares. 22,730 were reported by Us Bancshares De. Carroll Fincl Inc reported 178 shares or 0% of all its holdings. Heronetta Ltd Partnership has 0.44% invested in Phillips 66 Partners LP (NYSE:PSXP).

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart