Fintel reports that on October 22, 2024, Bernstein initiated coverage of Costco Wholesale (NasdaqGS:COST) with a Outperform recommendation.
Analyst Price Forecast Suggests 3.74% Upside
As of September 25, 2024, the average one-year price target for Costco Wholesale is $919.95/share. The forecasts range from a low of $681.75 to a high of $1,102.50. The average price target represents an increase of 3.74% from its latest reported closing price of $886.77 / share.
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The projected annual revenue for Costco Wholesale is 283,492MM, an increase of 11.41%. The projected annual non-GAAP EPS is 18.21.
What is the Fund Sentiment?
There are 4,740 funds or institutions reporting positions in Costco Wholesale. This is an increase of 125 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to COST is 0.90%, an increase of 4.51%. Total shares owned by institutions increased in the last three months by 4.40% to 331,870K shares. 
The put/call ratio of COST is 1.60, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,012K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 13,946K shares , representing an increase of 0.47%. The firm increased its portfolio allocation in COST by 13.35% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,383K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 11,182K shares , representing an increase of 1.76%. The firm increased its portfolio allocation in COST by 11.80% over the last quarter.
Geode Capital Management holds 9,325K shares representing 2.10% ownership of the company. In its prior filing, the firm reported owning 9,090K shares , representing an increase of 2.52%. The firm decreased its portfolio allocation in COST by 41.03% over the last quarter.
Invesco Qqq Trust, Series 1 holds 8,542K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 8,318K shares , representing an increase of 2.63%. The firm increased its portfolio allocation in COST by 7.25% over the last quarter.
Bank Of America holds 7,249K shares representing 1.64% ownership of the company. In its prior filing, the firm reported owning 7,552K shares , representing a decrease of 4.17%. The firm decreased its portfolio allocation in COST by 73.90% over the last quarter.
Costco Wholesale Background Information
(This description is provided by the company.)
Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box retail stores. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products.
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