Fri Sep 20 11:42:47 UTC 2024: ## King Luther Capital Management Boosts Costco Holdings Amid Positive Analyst Sentiment

**New York, NY – September 20, 2024** – King Luther Capital Management Corp increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 24.3% during the second quarter, according to filings with the Securities and Exchange Commission. The firm now owns 39,406 shares of the retail giant, valued at $33,495,000. This move comes amidst a trend of increased institutional interest in Costco, with several other hedge funds and investors adjusting their positions in the company.

Frank Rimerman Advisors LLC, Redmont Wealth Advisors LLC, and Vima LLC all acquired new positions in Costco during the fourth quarter, while Financial Connections Group Inc. significantly increased its holdings during the second quarter.

Costco’s stock opened at $900.74 on Friday, reflecting a strong year with a high of $923.83 and a low of $540.23. The company boasts a market capitalization of $399.33 billion and enjoys a positive outlook from analysts.

Analysts from Wells Fargo & Company, Citigroup, BMO Capital Markets, Tigress Financial, and StockNews.com have all recently issued positive ratings on Costco, with several raising their price objectives. Overall, Costco holds a “Moderate Buy” rating with an average target price of $844.52, according to MarketBeat.

While some insider transactions saw the sale of shares, overall, institutional and analyst confidence in Costco remains strong. This positive sentiment is likely driven by the company’s continued growth, strong financial performance, and its position as a leading player in the retail sector.

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