Yesterday, Costco Wholesale Corporation (NASDAQ:COST) saw two of its insiders unload stock. The talk is of Director Hamilton James, who disposed of 12,915 shares of Common Stock, directly, for a weighted average price of $119.12 per share. In addition to this, the insider also exercised his use of stock options and following the sale he now holds a total of 29,076 company shares to his name.
The second insider to complete a disposition is John McKay, Executive Vice President of the $52.08 billion market cap discount store chain. McKay unloaded 12,000 shares of Common Stock, directly, for a weighted average price of $118.94 per share. Following the insider’s third stock sale of the fiscal year, he now owns a total of 53,941 company shares.
Furthermore, last quarter showed several developments amongst hedge funds. Jim Simons’ Renaissance Technologies decreased its stakes in Costco by 57%, leaving the hedge fund with little over 1.24 million shares, worth $139.35 million, while Ken Griffin’s Citadel Investment Group increased portfolio participation by 7% and now holds 1.05 million shares, with an estimated value of $117.39 million.
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