Oppenheimer Asset Management Inc. Reduces Stake in Costco Wholesale Co.

Saturday, 13 July 2024, 21:25

ClariVest Asset Management LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 69.9% during the 1st quarter, as reported in the latest SEC filing. The institutional investor now holds 7,880 shares of the retailer's stock after selling 18,326 shares, reflecting a strategic portfolio adjustment.
Marketbeat
Oppenheimer Asset Management Inc. Reduces Stake in Costco Wholesale Co.

Oppenheimer Asset Management Inc. Takes Action

ClariVest Asset Management LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST), one of the leading retailers.

Portfolio Adjustment

The institutional investor sold 18,326 shares during the 1st quarter, retaining 7,880 shares.

Conclusion: Oppenheimer Asset Management Inc. made a significant reduction in its holding of Costco Wholesale Co., signaling a strategic move.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe