5 Best Grocery Stocks to Buy

2. Costco Wholesale Corporation (NASDAQ:COST)

Number of Hedge Fund Holders: 64

Costco Wholesale Corporation (NASDAQ:COST) is an Issaquah, Washington-based membership-only big-box retailer.

On August 25, Hans Engel at Erste Group upgraded Costco Wholesale Corporation (NASDAQ:COST) stock from ‘Hold’ to ‘Buy’, with no specified target price. The analyst believes that the company is delivering solid sales growth and has improved its key profitability ratios in recent quarters. Following the July sales data, some experts highlighted the exceptional value proposition offered by Costco Wholesale Corporation (NASDAQ:COST), which is resulting in strong sales despite a difficult macroeconomic environment.

Of the 895 hedge funds in Insider Monkey’s database that filed 13Fs for the latest reporting period, Costco Wholesale Corporation (NASDAQ:COST) was held by 64 of them as of June 30.