Shares of Costco Wholesale rose to $660.54 during today's afternoon trading session. Despite the 4.7% change, the large-cap Department Store company still trades 6.04% above its average analyst target price of $622.94. So there may be further downside for the Department Store stock. Costco Wholesale has target prices ranging from $465.0 to $697.0 per share, and its average rating is buy.
The stock has a very low short interest at 1.1%, and a short ratio of 3.04. The company's insiders own 0.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 71.3% of Costco Wholesale's shares being owned by this investor type.
Institutions Invested in Costco Wholesale
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-09-30 | Vanguard Group Inc | 9% | 39,875,117 | $26,339,108,907 |
2023-09-30 | Blackrock Inc. | 7% | 30,017,172 | $19,827,542,133 |
2023-09-30 | State Street Corporation | 4% | 18,458,926 | $12,192,858,574 |
2023-09-30 | FMR, LLC | 2% | 9,033,302 | $5,966,857,104 |
2023-09-30 | Morgan Stanley | 2% | 8,734,983 | $5,769,805,478 |
2023-09-30 | Geode Capital Management, LLC | 2% | 8,594,392 | $5,676,939,502 |
2023-09-30 | Bank of America Corporation | 2% | 7,680,004 | $5,072,949,673 |
2023-09-30 | Bank Of New York Mellon Corporation | 1% | 5,750,663 | $3,798,542,811 |
2023-09-30 | Northern Trust Corporation | 1% | 5,134,947 | $3,391,837,778 |
2022-12-31 | Norges Bank Investment Management | 1% | 5,101,521 | $3,369,758,569 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Costco Wholesale.