Summary by Moomoo AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on January 26, 2024, indicating a significant ownership stake in Costco Wholesale Corporation. The filing reveals that BlackRock now beneficially owns 30,751,817 shares of Costco's common stock, which represents 6.9% of the company's class of securities. This position gives BlackRock sole voting power over 27,573,891 shares and sole dispositive power over the entire 30,751,817 shares held. The filing, required under the Securities Exchange Act of 1934, specifies that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Costco. The date of the event which necessitated this filing was December 31, 2023.