Sarasin & Partners cuts Costco stake by 15.8% amid mixed analyst ratings and steady earnings.

Sarasin & Partners LLP reduced its holdings in Costco Wholesale by 15.8% in Q4, selling over 37,000 shares. Despite this, Costco remains a significant holding for the firm, valued at $170 million. Other institutional investors like State Street and Invesco increased their stakes, reflecting mixed investor sentiment. Analysts mostly rate Costco as a moderate buy with price targets around $1,039, supported by strong quarterly earnings and steady revenue growth. However, the stock trades at a premium, posing valuation risks if performance falters. Costco also recently paid a quarterly dividend and continues to enhance its retail media platform, aiming to boost margins and membership value.