Cranbrook Wealth Management LLC Has $131,000 Position in Costco Wholesale Corporation $COST

Key Takeaways:

• Cranbrook Wealth Management LLC raised its Costco stake by 17.9%.
• The firm’s total holdings amount to 132 shares.
• The position is valued at $131,000.
• These details come from an official SEC filing.
• Costco trades on the NASDAQ under the ticker symbol COST.

Cranbrook Wealth’s Move

Cranbrook Wealth Management LLC recently increased its stake in Costco Wholesale Corporation, underscoring the firm’s confidence in the retailer’s long-term performance. According to a disclosure filed with the Securities & Exchange Commission, Cranbrook Wealth lifted its existing holdings by 17.9% in the second quarter.

Details of the Investment

The filing indicated that the institutional investor acquired an additional 20 shares during this period. This increase brings Cranbrook Wealth’s total Costco holdings to 132 shares. Collectively, those shares are valued at $131,000, reflecting the ongoing appeal of Costco among investors seeking a sturdy portfolio addition.

Significance for Costco

Costco Wholesale Corporation, traded under the symbol COST on the NASDAQ, has long been viewed by institutional investors as a stable and growth-oriented retailer. The rise in Cranbrook Wealth’s position, though modest in share volume, suggests that the firm sees potential in Costco’s business model and financial performance.

Official Filings

All of these details come directly from the company’s most recent filing with the Securities & Exchange Commission. Such regulatory disclosures are a vital source of information for analysts and investors, providing insight into the strategies of institutional stakeholders like Cranbrook Wealth Management LLC.