Costco Wholesale Corporation

NASDAQ Global Select
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Slightly Bullish +15

Costco Wholesale Corporation $COST Shares Sold by FSA Advisors Inc.

AI-generated analysis

📉 FSA Advisors Inc. slashed its Costco position by 98.7%, selling 18,954 shares in Q1 while retaining a minimal stake of 246 shares.

📈 Brighton Jones LLC increased its holdings by 12.3% to own 19,825 shares valued at $18.17 million during the fourth quarter.

💰 Other institutional investors including Revolve Wealth Partners and Sivia Capital Partners also grew their positions in the retailer's stock.

📊 The stock trades at a market cap of $417.26 billion with a PE ratio of 47.33 and a beta of 0.88.

💵 Costco declared a quarterly dividend of $1.47 per share, yielding 0.6% with an ex-dividend date of July 24th.

👔 Director Kenneth D. Denman sold 885 shares for roughly $847,343 in late June, reducing his personal stake by 15.62%.

📝 Analyst ratings are mixed with UBS Group and BTIG Research maintaining buy ratings while Roth Capital issued a sell rating.

🎯 Average analyst target price stands at $1,059.07 according to MarketBeat.com, suggesting potential upside from current levels.

🏢 The company maintains a low debt-to-equity ratio of 0.17 and a current ratio of 1.07 indicating solid liquidity.

🛒 Costco's business model relies on membership fees and high-volume, low-margin sales across groceries and electronics.

Bullish Signals
  • Brighton Jones LLC significantly increased its stake by 12.3% to hold 19,825 shares worth $18.17 million, indicating institutional confidence.
  • Multiple other hedge funds including Revolve Wealth Partners and Sivia Capital Partners added to their positions during the recent quarters.
  • Major analysts like UBS Group and BTIG Research maintain buy ratings with target prices of $1,275 and $1,125 respectively.
  • The company has a very low debt-to-equity ratio of 0.17 and a current ratio of 1.07, reflecting strong financial health.
  • Costco recently paid a quarterly dividend of $1.47 per share with a payout ratio of 29.58%, returning capital to shareholders.
Risk Factors
  • FSA Advisors Inc. drastically reduced its position by 98.7%, selling the vast majority of its 18,954 shares in Q1.
  • Roth Capital issued a sell rating on the stock despite raising its price objective to $781.00.
  • The stock is currently trading below its 50-day moving average of $975.73 and 200-day moving average of $977.54.
Full Analysis
Institutional investor FSA Advisors Inc. significantly reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 98.7% during the first quarter, selling 18,954 shares and retaining only 246 shares valued at $245,000. Conversely, several other hedge funds increased their stakes, with Brighton Jones LLC raising holdings by 12.3% to own 19,825 shares worth approximately $18.17 million, while Revolve Wealth Partners and Sivia Capital Partners also added to their positions. Analyst sentiment remains mixed but generally positive regarding Costco's long-term prospects. Major firms like UBS Group and BTIG Research maintained or raised buy ratings with target prices ranging from $1,125 to $1,275, while Roth Capital issued a sell rating despite boosting its price objective. The stock currently trades around $940.87, sitting below its 50-day moving average of $975.73 but well above its 52-week low of $844.06. Costco recently announced a quarterly dividend of $1.47 per share, payable on August 7th to shareholders of record on July 24th, representing a yield of 0.6%. Director Kenneth D. Denman sold 885 shares for approximately $847,343 in late June, reducing his personal stake by over 15%. The company maintains a strong balance sheet with a debt-to-equity ratio of 0.17 and continues to operate its global membership warehouse model.