Costco stock: Costco Wholesale Co. (NASDAQ: COST) has demonstrated market resilience. The share price was around $890, up 0.5% recently. Despite slight fluctuations, Costco remains a top choice for institutional investors, with significant holdings from firms such as Vanguard Group, International Assets Investment Management and Hixon Zuercher LLC.

In recent SEC filings, institutional investors have made notable moves: Northstar Asset Management reduced its stake by 6.1% in the third quarter, while Hixon Zuercher LLC reduced its stake by 15%. However, the company continues to attract attention with its stable sales development, which is characterized by an increase of 1% compared to the previous year. Costco's third-quarter earnings report beat expectations, reporting earnings per share (EPS) of $5.15, beating analysts' estimate of $5.05.

The company's dividend payout continues to attract investor attention, with a quarterly dividend of $1.16 per share, yielding 0.52%. This is a testament to Costco's commitment to rewarding shareholders while maintaining solid financials.

Costco stock remains highly rated by analysts, with an average price target of $905.30 and a consensus of Moderate Buy. Analysts at firms such as Robert W. Baird, Morgan Stanley and Oppenheimer continue to offer a positive outlook, predicting price targets above $900 with potential for further growth.

According to the latest reports, Costco continues to expand its global presence and operates in North America, Europe and Asia. This extensive presence, coupled with a reputation for value, solidifies Costco's status as a major player in the retail sector.

For investors looking for stability and consistent growth, Costco stock offers a solid option due to its robust market performance and institutional support. With a P/E ratio of 53.72 and a high return on equity, Costco remains a trusted name in the retail space, making it a must-have stock to watch in today's market.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor or conduct your own research before making any investment decisions.