As Sjw (SJW) Share Value Rose, Walthausen & Company Has Raised Position by $3.52 Million; Greenwood Capital Associates Lowered Its Stake in Costco Whsl (COST) as Stock Rose

August 10, 2018 - By Victoria Pittman

Costco Wholesale Corporation (NASDAQ:COST) Logo

Greenwood Capital Associates Llc decreased its stake in Costco Whsl Corp (COST) by 6.72% based on its latest 2018Q1 regulatory filing with the SEC. Greenwood Capital Associates Llc sold 2,795 shares as the company’s stock rose 2.88% while stock markets declined. The institutional investor held 38,800 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $7.31M, down from 41,595 at the end of the previous reported quarter. Greenwood Capital Associates Llc who had been investing in Costco Whsl Corp for a number of months, seems to be less bullish one the $95.71 billion market cap company. The stock decreased 2.82% or $6.34 during the last trading session, reaching $218.24. About 3.47M shares traded or 79.07% 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: 07/03/2018 – Costco Sees Growth in Same-Store, E-Commerce Sales — Earnings Review; 07/05/2018 – BUFFETT SAYS IPHONE, ELMER’S GLUE, COSTCO ARE EXAMPLES OF MOATS; 07/03/2018 – COSTCO CFO GALANTI SPEAKS ON ANALYST TELECONFERENCE; 07/03/2018 – COSTCO 2Q REV. $33.00B, EST. $32.75B; 06/04/2018 – China trade dispute could slam U.S. retailers; 29/05/2018 – Costco Wholesale Corp expected to post earnings of $1.69 a share – Earnings Preview; 09/05/2018 – CORRECT: COSTCO APRIL U.S. COMP SALES EX-GAS +7.9%, EST. +6.60%; 07/03/2018 – COSTCO WHOLESALE CORP – NET SALES FOR QUARTER INCREASED 10.8 PERCENT, TO $32.28 BLN FROM $29.13 BLN LAST YEAR; 30/04/2018 – JPMorgan Disciplined Equity Adds Medtronic, Exits Costco; 19/04/2018 – EnWave Receives First Repeat Costco Order from Pacific Northwest Division for Moon Cheese

Walthausen & Company increased its stake in Sjw Corp (SJW) by 72.32% based on its latest 2018Q1 regulatory filing with the SEC. Walthausen & Company bought 67,650 shares as the company’s stock rose 11.64% while stock markets declined. The institutional investor held 161,192 shares of the water supply company at the end of 2018Q1, valued at $8.50M, up from 93,542 at the end of the previous reported quarter. Walthausen & Company who had been investing in Sjw Corp for a number of months, seems to be bullish on the $1.18B market cap company. The stock increased 0.81% or $0.46 during the last trading session, reaching $57.27. About 63,635 shares traded. SJW Group (NYSE:SJW) has risen 32.21% since August 10, 2017 and is uptrending. It has outperformed by 19.64% the S&P500. Some Historical SJW News: 30/04/2018 – SJW Group Shareholders Will Own 60% of the Combined Co at Close; 26/04/2018 – SJW BOARD REAFFIRMS COMMITMENT TO DEAL WITH CONNECTICUT WATER; 19/04/2018 – CONNECTICUT WATER SERVICE – BOARD CONCLUDED EVERSOURCE ENERGY’S PROPOSAL IS NOT SUPERIOR PROPOSAL OR REASONABLY LIKELY TO LEAD TO SUPERIOR PROPOSAL; 25/04/2018 – SJW Group 1Q EPS 6c; 26/04/2018 – SJW GROUP SAYS DETERMINED CAL WATER’S NON-BINDING INDICATION OF INTEREST NEITHER CONSTITUTED NOR WAS REASONABLY LIKELY TO LEAD TO A SUPERIOR PROPOSAL; 26/04/2018 – CWT CONFIRMS PROPOSAL TO BUY SJW GROUP FOR $68.25/SHR IN CASH; 26/04/2018 – SJW Group Rejects Unsolicited Non-Binding lndication of Interest from California Water Service Group; 30/04/2018 – SJW Group and Connecticut Water Announce Early Termination of Hart-Scott-Rodino Waiting Period for Merger of Equals; 26/04/2018 – SJW Group Rejects Unsolicited Non-Binding Indication of Interest from California Water Service Group; 19/04/2018 – CONNECTICUT WATER SERVICE – CONNECTICUT WATER’S BOARD OF DIRECTORS “CAREFULLY’ REVIEWED EVERSOURCE’S UNSOLICITED ACQUISITION PROPOSAL

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on October, 4. They expect $2.29 earnings per share, up 10.10% or $0.21 from last year’s $2.08 per share. COST’s profit will be $1.00B for 23.83 P/E if the $2.29 EPS becomes a reality. After $1.70 actual earnings per share reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts 34.71% EPS growth.

Greenwood Capital Associates Llc, which manages about $970.61 million and $410.25M US Long portfolio, upped its stake in Ishares (GVI) by 26,693 shares to 76,083 shares, valued at $8.24M in 2018Q1, according to the filing. It also increased its holding in United Technologies (NYSE:UTX) by 19,625 shares in the quarter, for a total of 41,549 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Investors sentiment decreased to 0.92 in 2018 Q1. Its down 0.06, from 0.98 in 2017Q4. It dived, 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. Atlas Browninc stated it has 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Sumitomo Mitsui Tru stated it has 0.31% in Costco Wholesale Corporation (NASDAQ:COST). Clark Capital Gru owns 2,263 shares. Hartline Invest reported 0.59% stake. Greatmark Investment Prtn reported 1,435 shares stake. Mariner Wealth Advsr accumulated 2,271 shares or 0.03% of the stock. Bath Savings Company reported 1,550 shares. Jfs Wealth Ltd Liability Co holds 0.04% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 792 shares. Boston Common Asset Ltd Com reported 33,427 shares. Sandy Spring Commercial Bank holds 5,394 shares or 0.09% of its portfolio. Huntington Steele Lc invested in 2,871 shares or 0.14% of the stock. Atria Invs Ltd Llc reported 0.12% stake. 3.24 million are owned by Tiaa Cref Llc. The California-based Fort Point Ltd has invested 0.07% in Costco Wholesale Corporation (NASDAQ:COST). 10,000 are owned by Ally Fincl.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco Or Walmart For Dividends?” on July 18, 2018, also Seekingalpha.com with their article: “Costco Could Be ‘All Weather,’ But I Need A Better Entry Point” published on August 08, 2018, Seekingalpha.com published: “Consumer Edge updates on Costco” on August 09, 2018. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Finance.Yahoo.com and their article: “Should Charlie Munger Buy More Costco Stock?” 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.

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. Oppenheimer maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, February 12 with “Outperform” rating. Cowen & Co maintained it with “Buy” rating and $22800 target in Friday, June 15 report. As per Wednesday, November 15, the company rating was maintained by Robert W. Baird. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Thursday, August 24 by Oppenheimer. The firm has “Neutral” rating given on Tuesday, August 16 by Citigroup. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, October 1. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, May 31 report. Cowen & Co maintained it with “Buy” rating and $214.0 target in Friday, December 15 report. Williams Capital Group maintained it with “Hold” rating and $165.0 target in Friday, October 23 report. The rating was maintained by RBC Capital Markets with “Buy” on Friday, November 10.

Since March 1, 2018, it had 0 buys, and 14 insider sales for $19.80 million activity. MOULTON PAUL G sold $2.21M worth of stock. MEISENBACH JOHN W sold $625,260 worth of stock or 3,000 shares. 2,500 shares were sold by Rose Timothy L., worth $512,970. Another trade for 7,000 shares valued at $1.43M was sold by Hines Daniel M.. $3.29 million worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Murphy James P. on Monday, July 23. Another trade for 2,406 shares valued at $498,315 was made by GALANTI RICHARD A on Friday, June 15.

Among 2 analysts covering SJW Corp (NYSE:SJW), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. SJW Corp had 4 analyst reports since February 22, 2016 according to SRatingsIntel. The stock has “Buy” rating by Janney Capital on Friday, July 28. The company was downgraded on Thursday, April 26 by Janney Capital. Robert W. Baird upgraded the shares of SJW in report on Monday, February 22 to “Outperform” rating.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.34, from 0.8 in 2017Q4. It improved, as 13 investors sold SJW shares while 44 reduced holdings. 26 funds opened positions while 39 raised stakes. 11.23 million shares or 1.85% more from 11.03 million shares in 2017Q4 were reported. Pub Employees Retirement Systems Of Ohio reported 2,865 shares. Goldman Sachs Grp Inc Inc has invested 0% in SJW Group (NYSE:SJW). Ubs Asset Americas reported 13,367 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 794 shares stake. Victory Cap has 15,140 shares for 0% of their portfolio. Tiaa Cref Inv Mngmt Limited Co stated it has 0% of its portfolio in SJW Group (NYSE:SJW). State Board Of Administration Of Florida Retirement Sys owns 19,925 shares. Old Mutual Glob Investors (Uk) Ltd stated it has 0% in SJW Group (NYSE:SJW). Sei Invests reported 0% stake. Moreover, Eqis Capital Mngmt has 0.02% invested in SJW Group (NYSE:SJW). Guggenheim Capital Limited Liability Corp reported 55,838 shares stake. Gsa Prtnrs Llp reported 31,976 shares or 0.09% of all its holdings. International Grp Incorporated owns 10,457 shares for 0% of their portfolio. Royal Fincl Bank Of Canada has 19,720 shares for 0% of their portfolio. Parametric Port Associates Lc reported 52,071 shares.

SJW Group (NYSE:SJW) Institutional Positions Chart

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