Holder Ally Financial Inc increased its stake in Costco Wholesale Co. (COST) by 230% in the third quarter based on the latest filing with the U.S Securities and Exchange Commission.

The company bought 23,000 shares and its stake in Costco Wholesale Co. is now 1.54%. At the end of the 2017 Q3, the institutional investor owned 33,000 shares of the specialty and department retail store company, valued at $5.41 million.

Ally Financial Inc. has been investing in the retailer for quite some time but appears to disregard the $82.91 billion market cap company.

COST Earnings & Outlook

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Shares of Costco Wholesale Co. reached $188.83 after sinking $2.73 or 1.43% in the last trading session. Close to 594,030 of the company’s shares were traded. In the last ten months, Costco’s have risen by a double-digit price of 10% on the NASDAQ.

As a highly covered stock with a large market capitalization, any recent changes in the company’s outlook can be assumed as already towards boosting shareholders’ confidence.

With profit expected to increase by 32.90% over the next three years, Costco Wholesale seems to have a bright future. It looks like the company will have bigger cash flows, which should translate into bigger share valuation.

As Costco Wholesale Co. prepares to announce its earnings next month, analysts expect $1.41 earnings per share (EPS), up 21.36% or $0.24 from last year’s $1.16 per share.

If the EPS comes to pass, the company’s shares will be $623.52M for 33.29 P/E. After the $1.35 actual earnings per share that it reported for the previous quarter, analysts now predict 4.42% earnings per share growth.