Capital Investment Counsel Trims Costco Stake by 3.3%, Others Raise Holdings

COSTCOST

Capital Investment Counsel cut its Q3 Costco stake by 3.3% to 65,491 shares worth $60.6 M, while Brighton Jones and Revolve Wealth increased holdings by 12.3% and 13.1%. Insiders sold 9,315 shares worth $8.55 M, including EVP Teresa Jones’s 850-share sale at $986.26 and Director Susan Decker’s 458-share sale at $955.

1. Capital Investment Counsel Trims Stake

Capital Investment Counsel Inc reduced its position in Costco Wholesale Corporation by 3.3% during the third quarter, selling 2,242 shares and ending the period with 65,491 shares. This holding represented 7.4% of the firm’s portfolio and ranked as its third largest position. At the time of the filing, the stake was valued at approximately 60.6 million dollars, reflecting institutional confidence shifts in the membership‐warehouse retailer.

2. Broad Institutional Movements

Several other asset managers adjusted their Costco holdings in the past two quarters. Brighton Jones LLC increased its shares by 12.3%, adding 2,172 shares to reach 19,825 shares; Revolve Wealth Partners LLC grew its position by 13.1% through an incremental purchase of 130 shares; Drucker Wealth 3.0 LLC boosted its stake by 45.0% with 204 additional shares; Sivia Capital Partners LLC lifted its holdings by 4.5% via 165 more shares; and Kathmere Capital Management LLC added 275 shares for a 6.3% gain. Collectively, institutional investors account for nearly 68.5% of the company’s outstanding shares.

3. Insider Selling Activity

Director Susan L. Decker and EVP Teresa A. Jones both reduced their holdings in recent weeks. Decker sold 458 shares, corresponding to a 5.1% decline in her position, while Jones divested 850 shares, cutting her stake by 16.7%. Total insider sales for the quarter reached 9,315 shares, valued at over 8.5 million dollars, leaving insiders with just 0.10% ownership—a signal investors will watch closely for management confidence levels.

4. Dividend Increase and Analyst Consensus

Costco declared its quarterly dividend at 1.30 per share, marking an annualized payout of 5.20 and representing a payout ratio of 27.85%. Investors of record as of January 30 will receive the distribution on February 13. On the research front, 21 analysts maintain buy ratings while 12 have hold recommendations and one has issued a sell opinion, resulting in a consensus rating of Moderate Buy. The average target consensus stands at 996, reflecting expectations for continued membership fee-driven revenue growth and low-margin, high-volume sales momentum.

Sources

FDD