Institutional Investors Adjust Stakes in Costco Wholesale Corporation
1 report, 1 independent
Updated Sat 00:00
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What happened
SeaCrest Wealth Management LLC lessened its stake in Costco Wholesale Corporation by 17.8% during the third quarter, according to its recent 13F filing. Concurrently, Contravisory Investment Management Inc. grew its stake in shares of Costco Wholesale by 107.7% in the same quarter. SeaCrest Wealth Management LLC’s holdings in Costco were valued at $5,795,000 at the time of the filing.
From dailypolitical.com
Why it matters
The changes reflect shifts in institutional investor positioning regarding Costco Wholesale Corporation. These movements indicate changes in market sentiment among large financial firms regarding the retailer’s valuation and future performance.
From dailypolitical.com
Who's involved
- CostcoThe subject of the trading activity, an American multinational chain of membership-only stores.
- WalmartA competitor of Costco in the large-scale retail and grocery markets.
- Gary MillerchipThe Chief Financial Officer and Executive Vice President of Costco.
- Ron VachrisThe President and CEO of Costco, directing its operations and market strategy.
- Target CorporationA competitor of Costco in the large-format retail market.
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The entities involved
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Costco
American multinational chain of membership-only stores