Mon Sep 23 22:52:42 UTC 2024: ## Costco Stock Up 1% on Monday, Analysts Remain Bullish
**Costco Wholesale Co. (COST)** saw a slight increase in its stock price on Monday, closing at $916.11, a 1% gain from the previous day’s close. While trading volume was lower than average, analysts remain optimistic about the company’s future.
Several research firms have recently issued positive reports on Costco, with many raising their price targets. Oppenheimer lifted their price objective to $955.00 from $925.00, while Deutsche Bank Aktiengesellschaft increased their target to $927.00 from $925.00. Both firms maintain an “outperform” rating on the stock.
Overall, 20 analysts have assigned a “buy” rating to COST, while 8 analysts have rated the stock with a “hold” rating. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $857.48.
Costco also recently paid a quarterly dividend of $1.16 to shareholders, representing an annualized dividend of $4.64 and a yield of 0.51%.
In insider trading news, Director Kenneth D. Denman sold 350 shares of Costco stock for a total of $298,035.50, while insider Daniel M. Hines sold 1,500 shares for a total of $1,272,795.00. Over the last three months, insiders have sold a total of 4,974 shares of company stock, valued at $4,252,856. Company insiders currently own 0.18% of the company’s stock.
Institutional investors continue to hold a significant stake in Costco, with hedge funds and other institutional investors owning 68.48% of the company’s stock.
**Costco Wholesale Corporation** is a membership warehouse retailer operating in North America, Europe, Asia, and Oceania, offering a wide variety of branded and private-label products.
First Piper 