Sigma Investment Counselors Decreases Holdings in Costco Wholesale Co
July 20, 2023
🌥️Trending News
Sigma Investment Counselors Inc. recently announced that it has decreased its ownership of Costco Wholesale ($NASDAQ:COST) Co. (COST). Despite this decrease in ownership, Sigma still remains one of Costco’s largest institutional investors. Other major institutional investors in the company include The Vanguard Group, Inc., BlackRock Inc., and Bank of America Corporation.
Share Price
The stock opened at $546.2 and closed at $553.0, making this the third consecutive trading day of gains. This news follows the company’s strong quarterly earnings report released last month, which saw strong growth in sales and profits despite the continuing pandemic. Despite the positive news, some analysts remain cautious on the stock due to the uncertain economic environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Costco Wholesale. More…
| Total Revenues | Net Income | Net Margin |
| 235.44k | 6k | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Costco Wholesale. More…
| Operations | Investing | Financing |
| 9.85k | -4.63k | -3.89k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Costco Wholesale. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 66.75k | 43.18k | 53.18 |
Key Ratios Snapshot
Some of the financial key ratios for Costco Wholesale are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.5% | 16.4% | 3.5% |
| FCF Margin | ROE | ROA |
| 2.5% | 22.1% | 7.7% |
Analysis
GoodWhale has conducted an analysis of COSTCO WHOLESALE‘s wellbeing. Our findings show that the company is strong in growth and profitability and medium in asset, but weak in dividend. Furthermore, we have classified COSTCO WHOLESALE as a ‘gorilla’ – a company that has achieved stable and high revenue or earning growth due to its strong competitive advantages. Given its performance, COSTCO WHOLESALE may be attractive to long-term investors who are looking for stable and high returns. Additionally, the company has a high health score of 10/10 when it comes to its cashflows and debt, indicating its ability to pay off debt and fund future operations. More…
Peers
The retail industry is highly competitive, with companies constantly vying for market share. Costco Wholesale Corp is no exception, and it competes directly with the likes of Target Corp, Takayoshi Inc, and Walmart Inc. All four companies are leaders in the retail space, and each has its own strengths and weaknesses.
– Target Corp ($NYSE:TGT)
Target Corporation is an American retail company that operates in the discount retailing industry. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target Corporation operates 1,851 stores in the United States and Canada, and has a market cap of 71.52B as of 2022. The company’s return on equity is 34.09%. Target Corporation’s main competitors are Walmart and Amazon.
– Takayoshi Inc ($TSE:9259)
Takayoshi Inc is a Japanese company that manufactures and sells electronic products. It has a market cap of 8.99B as of 2022 and a ROE of -45.41%. The company’s products include computers, mobile phones, digital cameras, and other electronic devices. Takayoshi Inc has been in business for over 50 years and is a well-known brand in Japan.
– Walmart Inc ($NYSE:WMT)
With a market cap of 363.06B as of 2022, Walmart Inc. is a retail giant with a 16.44% return on equity. The company operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart is the world’s largest company by revenue, with US$514.405 billion in 2020.
Summary
Costco Wholesale Co is an American multination retail corporation, and is a popular choice for investors. Recently, Sigma Investment Counselors Inc. reduced their holdings in the company. Analyzing the stock of Costco Wholesale Co can be beneficial for investors. Potential investors should consider factors such as the company’s financial performance, industry trends, competitive advantages, and future plans. Financial statements should be reviewed to assess if the company has posted profits or losses in recent years, and if income is increasing or decreasing.
Industry trends should also be taken into consideration, such as research reports or economic forecasts. Competitive advantages vis-à-vis other companies in the industry should be noted. Lastly, investors should look into the company’s long-term outlook in order to determine if investing in the company is a worthwhile decision.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
