Proshare Advisors Reduces $138M in Costco Wholesale Corporation ($COST)
Key Points
- Proshare Advisors changed its Costco Wholesale Corporation ($COST) stake by 18.4% last quarter, cutting to 627,658 shares worth $612.09 million.
- Wall Street's consensus rating on $COST is Buy and an average price target of $1,082.33.
- $COST last traded around $975.20.
Proshare Advisors reduced its position in Costco Wholesale Corporation ($COST) by 18.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 627,658 shares of Costco Wholesale Corporation after selling 141,966 shares during the quarter. Proshare Advisors's holdings in Costco Wholesale Corporation were worth $612.09 million as of its most recent filing.
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About Costco Wholesale Corporation
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. It offers merchandise, including sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; non-food merchandise comprising appliances, small electronics, health and beauty aids, hardware, lawn and garden, sporting goods, tires, toys and seasonal, automotive, stamps, tickets, apparel, furniture, domestics, housewares, special order kiosks, and jewelry; and fresh food, such as meat, produce, service deli, and bakery products. The company is also involved in warehouse ancillary operations, which include gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers. In addition, it engages in e-commerce, business centers, travel, and other businesses. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
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