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Institutional investors adjusted Costco's stake in Q2, with some selling and others buying, as stock remains strong.
Institutional investors adjusted their stakes in Costco Wholesale (COST) during the second quarter, with Public Employees Retirement System of Ohio reducing its position and several firms including Charter Capital Management, BCS Wealth Management, and Northside Capital Management increasing holdings.
Executive vice presidents Yoram Rubanenko and Teresa A. Jones sold significant portions of their shares.
Costco, trading at $943.60 with a market cap of $418.46 billion, reported strong revenue growth and maintains a solid financial profile with a P/E ratio of 53.52, debt-to-equity of 0.21, and a dividend yield of 0.6%.
Analysts hold a "Moderate Buy" consensus rating with a target price of $1,061.30, while the stock remains within a 52-week range of $867.16 to $1,078.23.
Los inversores institucionales ajustaron la participación de Costco en el segundo trimestre, con algunas ventas y otras compras, ya que las acciones siguen siendo sólidas.