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Costco sees increased institutional investment, beats earnings estimates, and raises dividend.
Conservest Capital Advisors and other firms increased their holdings in Costco Wholesale, with the stock now owned 68.48% by institutional investors.
Costco reported earnings of $4.28 per share, beating estimates by $0.04, and has a consensus "Moderate Buy" rating with a price target of $1,037.48.
The company is expected to post 18.03 EPS for the year.
Directors and executives have also sold shares, while the company declared a $1.30 quarterly dividend.
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Costco ve un aumento en la inversión institucional, supera las estimaciones de ganancias y aumenta el dividendo.