Costco Wholesale Corporation

NASDAQ Global Select
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Bullish +55

Bleakley Financial Group LLC Has $14.63 Million Stock Position in ...

AI-generated analysis

📈 Bleakley Financial Group LLC increased its COST holdings by 11.9% in Q1, adding 1,561 shares for a total value of $14.63 million.

📊 Other institutional investors including Brighton Jones LLC and Revolve Wealth Partners LLC also added to their stakes in the retailer during recent quarters.

🎯 Sanford C. Bernstein raised its price target on COST to $1,194 with an 'outperform' rating in a report dated May 29th.

💰 Bank of America lifted its price objective to $1,200 and maintained a 'buy' rating for the stock.

📉 Costco reported Q1 EPS of $4.93, slightly missing the consensus estimate of $4.94 by one cent.

💵 The company generated revenue of $70.53 billion in the quarter, beating analyst expectations of $70.12 billion.

📈 Costco's market capitalization stands at $410.85 billion with a PE ratio of 46.60 and a beta of 0.88.

💸 The company declared a quarterly dividend of $1.47 per share, payable on August 7th to shareholders of record on July 24th.

📉 Director Kenneth D. Denman sold 885 shares for approximately $847,343 in a transaction completed on June 23rd.

🏢 Institutional investors collectively own 68.48% of Costco Wholesale Corporation's outstanding stock.

Bullish Signals
  • Multiple major financial institutions including Bank of America and Sanford C. Bernstein have raised their price targets or maintained strong buy ratings, indicating continued confidence in the company's long-term prospects.
  • Costco beat revenue expectations with $70.53 billion in quarterly sales compared to a consensus estimate of $70.12 billion, demonstrating resilient top-line growth.
  • The company maintains a very low debt-to-equity ratio of 0.17 and a healthy current ratio of 1.07, signaling strong liquidity and financial stability.
  • Analyst consensus remains 'Moderate Buy' with twenty-two analysts rating the stock as a buy versus only one sell rating.
Risk Factors
  • Costco missed earnings per share expectations by one cent, reporting $4.93 EPS against a consensus estimate of $4.94.
  • Director Kenneth D. Denman reduced his personal stake in the company by selling 885 shares, representing a 15.62% decrease in his ownership.
Full Analysis
Bleakley Financial Group LLC increased its holdings in Costco Wholesale Corporation (COST) by 11.9% during the first quarter, acquiring an additional 1,561 shares to bring its total position to 14,687 shares valued at approximately $14.63 million. Several other institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, also boosted their stakes in the retailer during recent quarters, while others like Sivia Capital Partners and Pinnacle Wealth Planning Services increased their positions by smaller margins. Analyst sentiment remains generally positive with multiple major firms raising price targets or maintaining buy ratings. Sanford C. Bernstein raised its target to $1,194 with an 'outperform' rating, Bank of America lifted its target to $1,200 with a 'buy' rating, and Truist Financial increased its objective to $1,011. The consensus rating among twenty-three analysts is 'Moderate Buy' with a collective price target of $1,059.07. Costco reported quarterly earnings on May 28th, posting EPS of $4.93 against a consensus estimate of $4.94 and revenue of $70.53 billion versus an expected $70.12 billion. The company maintains a strong balance sheet with a market capitalization of $410.85 billion, a debt-to-equity ratio of 0.17, and a current ratio of 1.07. Additionally, the board declared a quarterly dividend of $1.47 per share payable on August 7th to shareholders of record on July 24th.