Shell Asset Management Co. Has $7.96 Million Stake in Costco Wholesale Corporation $COST

Market Beat
2026.02.15 12:43
portai
I'm PortAI, I can summarize articles.

Shell Asset Management Co. reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 77.9% in Q3, now holding 8,600 shares valued at $7.96 million. This reduction makes Costco the 15th largest holding in their portfolio. Other institutional investors have also adjusted their stakes, with Soundwatch Capital increasing its holdings by 635.7%. Analysts have raised price targets for Costco, with Bernstein setting a target of ~$1,155, while the company faces challenges such as a product recall and potential tariff risks.