BlackRock Amends Costco Stake, Signals Passive Investment Update

TL;DR

**BlackRock updated its Costco stake, it's a passive investment.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating a change in their ownership of Costco Wholesale Corporation's common stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures regarding their passive investment in Costco. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Costco's future performance, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's updated position in Costco, providing transparency on a significant institutional investor's holdings and potentially influencing market sentiment.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate or significant risk to Costco's operations or stock price.

Analyst Insight

Investors should note that BlackRock's continued filing of a 13G/A indicates a passive investment strategy in Costco, suggesting they are not seeking to influence management or control the company. This is a routine update and doesn't warrant immediate action, but it's a data point for understanding institutional ownership.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• COSTCO WHOLESALE CORP /NEW (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the date the SC 13G/A was filed
• Amendment No. 9 (number) — the specific amendment number of the filing

Forward-Looking Statements

• BlackRock will continue to hold a significant, passive stake in Costco. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001086364-24-004830.txt : 20240126 0001086364-24-004830.hdr.sgml : 20240126 20240126172522 ACCESSION NUMBER: 0001086364-24-004830 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COSTCO WHOLESALE CORP /NEW CENTRAL INDEX KEY: 0000909832 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 911223280 STATE OF INCORPORATION: WA FISCAL YEAR END: 0903 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42471 FILM NUMBER: 24569138 BUSINESS ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027- BUSINESS PHONE: 4253138100 MAIL ADDRESS: STREET 1: 999 LAKE DRIVE CITY: ISSAQUAH STATE: WA ZIP: 98027 FORMER COMPANY: FORMER CONFORMED NAME: COSTCO COMPANIES INC DATE OF NAME CHANGE: 19970401 FORMER COMPANY: FORMER CONFORMED NAME: PRICE/COSTCO INC DATE OF NAME CHANGE: 19930728 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us22160k1051_012624.txt us22160k1051_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9) COSTCO WHOLESALE CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 22160K105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 22160K105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 27573891 (6) Shared voting power 0 (7) Sole dispositive power 30751817 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 30751817 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- COSTCO WHOLESALE CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 999 LAKE DRIVE ISSAQUAH WA 98027 Item 2. 2(a) Name of person filing: -------------