Gabelli Funds Reduces $7M in Costco Wholesale Corporation ($COST)
Key Points
- Gabelli Funds changed its Costco Wholesale Corporation ($COST) stake by 10.61% last quarter, cutting to 64,937 shares worth $60.75 million.
- Wall Street's consensus rating on $COST is Buy and an average price target of $1,077.31.
- $COST last traded around $935.47.
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Gabelli Funds reduced its position in Costco Wholesale Corporation ($COST) by 10.61% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,937 shares of Costco Wholesale Corporation after selling 7,710 shares during the quarter. Gabelli Funds's holdings in Costco Wholesale Corporation were worth $60.75 million as of its most recent filing.
Costco Wholesale Corporation Stock Down 1.1%
Shares of Costco Wholesale Corporation ($COST) traded around $935.47 on Saturday, down 1.1% for the day.
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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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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.