A review of news activity involving Costco Wholesale Corp (COST) indicates a varying outlook in performance when compared to its competitors. The company has witnessed significant purchase of shares by Empowered Funds LLC and Mediolanum International Funds Ltd. Analysts appear bullish on the stock, with price targets increased by Evercore ISI, Oppenheimer, and Wells Fargo & Company, raising them to $920.00, $950.00 and $800.00, respectively. Significant news involves Costco's plan to increase its membership fee for the first time since 2017, expected to provide more revenue for reinvestment within the business. Despite this, the stock has seen some underperformance on certain trading days. June sales results have been reported positively, alongside plans for a quarterly cash dividend issuance. Organic Partners LLC and Jennison Associates LLC have decreased their holdings while Miracle Mile Advisors LLC purchased additional shares. COST reported a solid earnings growth and is seen as a favourable choice among institutional owners. However, there's news about the company's stock underperforming against market competition on certain days despite gains.
Costco Wholesale Corp COST News Analytics from Fri, 08 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 11:36:12 GMT - Rating 4 - Innovation 1 - Information 8 - Rumor -3
