Several significant events revolving around Costco Wholesale Corp's (COST) market performance have occurred recently. Despite underperformance compared to competitors, some see the corporation as having low short interest, indicating it could be a secure option for investors. The company announced its quarterly cash dividend, catching the attention of Creative Planning and Patton Fund Management Inc which have increased their positions. Ray Dalio, a billionaire investor, considers COST as a potential choice. Despite some insider selling, evident from EVP Pierre Riel and Director Susan Decker's trading activities, notable growth reflected in their Q3 2024 Earnings Call transcript. Jim Cramer also expressed a positive stance, championing COST's price effectiveness. Some speculation surrounds an eventual stock split, and the potential of COST becoming a long-term AI stock, according to Goldman. COST's expansion plan involving new warehouses further builds on this positive outlook. However, some analysts have concerns about a high valuation and possible unpleasant surprises. While some claim COST is overvalued, there is talk of its potential to hit $1000 in 2024. Lastly, COST's ethical business practices have also received praise, especially their decision to not raise membership fees.
Costco Wholesale Corp COST News Analytics from Mon, 20 May 2024 07:00:00 GMT to Sat, 19 Oct 2024 23:51:20 GMT - Rating 7 - Innovation 0 - Information 8 - Rumor 0
