Costco Wholesale Corporation (COST) continues to impress renowned investor
Louis Navellier, positioning itself among his top long-term stock picks. Amid this news, multiple investment firms, including Capital Planning LLC, Procyon Advisors LLC, and Apella Capital LLC, have significantly increased their holdings in the company. Moreover,
institutional ownership of COST is high, at 69%, indicating a strong preference among the big guns. Despite a recent underperformance compared with competitors, COST still holds significant potential, boasting a strong
dividend yield and perceived as one of the safest stocks for the long-term, specifically towards 2025. There is a noticeable surge in options activity and emerging investor attention being directed towards Costco. This appears to be driven by the companyβs commitment to
sustainability, robust Q4 growth, burgeoning digital presence, profitable membership model, and decisive strategies in adjusting its prices effectively. Innova Wealth Partners reduced their holdings while Fiduciary Alliance LLC and ORG Partners LLC increased theirs, suggesting ongoing reshuffling among institutional investors. Furthermore, COST's strong free cash flow could potentially drive the stock 20% higher. As per Jim Cramer, Costco's enormous bulk gives them considerable leverage, thus establishing it as a good defensive stock.
Costco Wholesale Corp COST News Analytics from Mon, 15 Jul 2024 07:00:00 GMT to Sat, 18 Jan 2025 16:35:30 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 2
