LS Investment Advisors LLC Increases Stake in Costco Wholesale Co.

Costco Stock Forecast

Costco Wholesale Co. (COST:NSD) recently had its holdings boosted by LS Investment Advisors LLC by 93.5% in the fourth quarter. This put the institutional investor’s ownership at 2,128 shares, valued at $971,000 by the end of the quarter.

Other investors have also increased their positions in the company, including Cowa LLC, Moisand Fitzgerald Tamayo LLC, Newfound Research LLC, Focused Wealth Management Inc, and Piershale Financial Group Inc.

Analyst ratings on the stock have been mixed, with some rating it as “Buy” and others as “Hold.”

COST Ratings by Stock Target Advisor

Additionally, insiders at Costco Wholesale have been selling company stock over the past 90 days. Despite all of this activity, Costco stock has only decreased by 0.2% recently, currently trading at $492.02. Its market cap is $218.20 billion, with a PE ratio of 36.24 and a beta of 0.79. The firm has a 52-week low of $406.51 and a 52-week high of $612.27.

 

Costco Stock Forecast:

Based on the Costco stock forecast from 27 analysts, the average analyst target price for Costco Wholesale Corp is USD 548.94 over the next 12 months. Costco Wholesale Corp’s average analyst rating is Strong Buy.

Stock Target Advisor’s own analysis of Costco stock forecast is Bullish, which is based on 13 positive signals and 4 negative signals. At the last closing, Costco stock price was USD 486.77. Costco Wholesale Corp’s stock price has changed by -0.83% over the past week, +0.53% over the past month, and -13.88% over the last year.

COST Ratings by Stock Target Advisor

Company Profile:

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

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