Wed Sep 25 07:22:56 UTC 2024: ## Costco Wholesale Stock Rating Downgraded by Truist Financial
**MarketBeat News** – Truist Financial has downgraded shares of Costco Wholesale (COST) from a “buy” rating to a “hold” rating, according to a research note published on Tuesday morning. The firm currently has a $873.00 price objective on the retailer’s stock.
This decision comes amidst a mixed bag of opinions from other analysts. Redburn Atlantic also downgraded COST from a “buy” to a “neutral” rating, while increasing their target price from $860.00 to $890.00. Meanwhile, Robert W. Baird upgraded COST to an “outperform” rating and raised their price objective to $975.00.
Despite the recent downgrade, Costco Wholesale remains a popular stock among analysts. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating. MarketBeat.com data shows that COST has a consensus rating of Moderate Buy and an average target price of $857.48.
Costco Wholesale recently announced a quarterly dividend of $1.16, representing an annualized dividend of $4.64 and a yield of 0.51%. The company also saw insider sales, with Daniel M. Hines selling 1,500 shares on July 12th and Susan L. Decker selling 620 shares on August 15th.
Institutional investors continue to show strong interest in COST. Wulff Hansen & CO., Global Assets Advisory LLC, Assenagon Asset Management S.A., Strategic Financial Concepts LLC, and Public Employees Retirement Association of Colorado all made significant purchases of COST shares in recent quarters.
Costco Wholesale is a leading operator of membership warehouses, offering a wide range of branded and private-label products across numerous categories. The company operates in North America, Europe, Asia, and Oceania.
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