Costco Wholesale Corporation: Shareholders Board Members Managers and Company Profile | US22160K1051 | MarketScreener (2024)

FAQs

Who are the shareholders of Costco Wholesale Corp? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Fmr Llc, Morgan Stanley, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Bank Of America Corp /de/ .

The ownership structure of Costco (COST) stock is a mix of institutional, retail and individual investors. Approximately 40.56% of the company's stock is owned by Institutional Investors, 0.82% is owned by Insiders and 58.62% is owned by Public Companies and Individual Investors.

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.10%) BlackRock (6.90%)

At the top of the hierarchy is the Board of Directors and the CEO, who make strategic decisions for the company. Underneath them are the divisional managers, who are responsible for specific areas of the company such as operations, finance, and marketing.

An Overview of the Board Members' Background and Experience

The board of directors of Costco Wholesale is made up of 12 members, including the chairman and the CEO. Each member brings a unique set of skills and experience to the table.

Shareholder structure is the percentage ownership and the percentage of voting rights held by different Shareholders. Shareholder structure is the study of how power is distributed among the various existing Shareholders, potential Shareholders and managers.

By following legal regulations, the company exhibits respect for everyone, including members, vendors, and employees. Costco recognizes that its members are integral to its success, thus it places great emphasis on providing them with fair treatment and value for their money.

This stakeholder approach to management—which identifies a practical duty toward all parties in the business: owners, employees, customers, and communities—sets Costco apart from its big retail competitors. It also brings home the profits.

How does Costco reward its shareholders? ›

One of the ways Costco has rewarded its long-term shareholders over the years is through dividend increases. Last week, the company reported its latest dividend, which at $1.16 is 14% higher than the $1.02 it was previously paying.

Issaquah, WA

Costco Wholesale / Headquarters

Costco is a Washington corporation, publicly traded under the Nasdaq ticker symbol "COST", with its home office in Issaquah, Washington. A more complete description of the Company and its business is contained in the Company's periodic filings with the Securities and Exchange Commission.

Costco and Sam's Club have very similar business models. Costco is a publicly traded company, while Sam's Club is a subsidiary of Walmart. Costco's membership fees are more expensive and the prices of basic products at Sam's Club are generally cheaper.

While his departure is “bittersweet,” Sinegal said in an interview, “I feel very confident, and I'm still a big shareholder and will remain a big shareholder.” He owns more than 1.3 million shares of Costco stock, worth nearly $263.2 million at Tuesday's closing price of $197.91 a share.

Jim Sinegal, co-founder (with Seattle retailer Jeff Brotman) and chief executive officer of Costco, the warehouse retail company based in Issaquah, Washington, was born to a Catholic family in 1936 in Pittsburgh, Pennsylvania.

Costco is a Washington corporation, publicly traded under the Nasdaq ticker symbol "COST", with its home office in Issaquah, Washington.

Vanguard is owned by its member funds, which in turn are owned by fund shareholders. With no outside owners to satisfy, this structure ensures business and portfolio management decision focuses squarely on meeting the investment needs of our investors.