Costco Wholesale (COST) Market Value Declined While Bank Of New York Mellon Decreased Stake by $69.74 Million; Gluskin Sheff & Assoc Cut Its Brookfield Asset Mgmt (BAM) Holding as Stock Price Rose

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Gluskin Sheff & Assoc Inc decreased its stake in Brookfield Asset Mgmt Inc (BAM) by 4.79% based on its latest 2018Q4 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc sold 88,816 shares as the company’s stock rose 2.77% with the market. The institutional investor held 1.76M shares of the building operators company at the end of 2018Q4, valued at $67.62M, down from 1.85 million at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be less bullish one the $45.45 billion market cap company. The stock decreased 0.78% or $0.38 during the last trading session, reaching $47.58. About 1.13M shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 18.56% since April 17, 2018 and is uptrending. It has outperformed by 14.19% the S&P500. Some Historical BAM News: 17/05/2018 – BNN: Kushners, Brookfield Said Near Deal on Troubled 666 Fifth Avenue; 15/05/2018 – Brookfield Asset Management Buys New 1.1% Position in Oneok Inc; 07/03/2018 – Commercial Obs: J. Crew Hones in on BNY Mellon’s HQ at Brookfield Place; 20/03/2018 – Report on Business: Brookfield to sell bonds in Brazil to help fund pipeline; 30/05/2018 – J. CREW RELOCATING HEADQUARTERS TO MANHATTAN’S BROOKFIELD PLACE; 03/04/2018 – Mint: Brookfield in final stages of talks to acquire ICICI Tower in Hyderabad; 24/04/2018 – MEDIA-India’s Essar Group sells Equinox Business Park to Brookfield – Mint; 14/03/2018 – MUNICH RE IS SAID TO HAVE HELD TALKS WITH BROOKFIELD ON SITE; 21/03/2018 – Brookfield Will Acquire 25% Strategic Interest in Link Financial Group as Part of Agreement, With Option to Acquire Another 24.9% Interest; 26/04/2018 – Brookfield Real Assets Income Fund Inc. Announces Portfolio Manager Update Call and Webcast

Bank Of New York Mellon Corp decreased its stake in Costco Wholesale Corp (COST) by 6.24% based on its latest 2018Q4 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 343,554 shares as the company’s stock declined 5.18% while stock markets rallied. The institutional investor held 5.16 million shares of the department and specialty retail stores company at the end of 2018Q4, valued at $1.05B, down from 5.50M at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Costco Wholesale Corp for a number of months, seems to be less bullish one the $108.03 billion market cap company. The stock increased 0.10% or $0.26 during the last trading session, reaching $245.6. About 1.03M shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 15.54% since April 17, 2018 and is uptrending. It has outperformed by 11.17% the S&P500. Some Historical COST News: 10/05/2018 – Costco: Growing Online While Stores Keep Performing — Barrons.com; 29/05/2018 – Citigroup won’t use high deposit rates to win digital accounts -exec; 07/03/2018 – COSTCO SAYS U.S. MEMBERSHIP RENEWAL RATE RISES TO 90.1% IN 2Q; 11/04/2018 – COSTCO WHOLESALE CORP – NET SALES OF $12.92 BLN FOR MONTH OF MARCH, FIVE WEEKS ENDED APRIL 8, 2018, AN INCREASE OF 10.9 PERCENT FROM LAST YEAR; 09/05/2018 – COSTCO WHOLESALE CORP COST.O SAYS TOTAL COMPANY COMPARABLE SALES 10.9% IN APRIL; 17/05/2018 – Hak’s Launches First All-Organic Meal Kit Exclusively in LA Costco Stores; 09/04/2018 – Boxed, the Costco for millennials, is launching a free-shipping membership program – and it has one big advantage over Amazon Prime; 23/03/2018 – There is ‘no truth’ to Target-Kroger merger report, source tells CNBC; 11/04/2018 – COSTCO WHOLESALE CORP COST.O – COMPARABLE SALES FOR U.S. UP 8.3% FOR FIVE WEEKS ENDED APRIL 8; 24/04/2018 – Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend

Gluskin Sheff & Assoc Inc, which manages about $7.77B and $1.55B US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 597,082 shares to 668,572 shares, valued at $23.87 million in 2018Q4, according to the filing. It also increased its holding in Dollar Tree Inc (NASDAQ:DLTR) by 15,782 shares in the quarter, for a total of 52,182 shares, and has risen its stake in Suncor Energy Inc New (NYSE:SU).

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Fool.ca which released: “Another Investment Management Firm Gets Acquired: Who’s Next? – The Motley Fool Canada” on March 29, 2019, also Fool.com with their article: “Is the Macy’s-Brookfield Partnership Finally Making Headway? – The Motley Fool” published on March 31, 2019, Globenewswire.com published: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Oaktree Capital Group, LLC (OAK) on Behalf of Stockholders and Encourages OAK Investors to Contact the Firm – GlobeNewswire” on April 01, 2019. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Fool.com and their article: “3 Solar Stocks to Add to Your Watchlist – Motley Fool” published on March 30, 2019 as well as Fool.ca‘s news article titled: “This Tried and True Canadian Conglomerate Is a Perfect Fit for Your TFSA – The Motley Fool Canada” with publication date: March 19, 2019.

Bank Of New York Mellon Corp, which manages about $319.40 billion US Long portfolio, upped its stake in Southwest Gas Holdings Inc (NYSE:SWX) by 9,075 shares to 1.14 million shares, valued at $87.22 million in 2018Q4, according to the filing. It also increased its holding in Agco Corp (NYSE:AGCO) by 82,392 shares in the quarter, for a total of 887,086 shares, and has risen its stake in Coty Inc (NYSE:COTY).

Since October 22, 2018, it had 1 buying transaction, and 6 insider sales for $11.41 million activity. Shares for $5.03M were sold by JELINEK W CRAIG on Monday, October 29. On Wednesday, January 2 DECKER SUSAN L sold $151,495 worth of Costco Wholesale Corporation (NASDAQ:COST) or 739 shares. The insider GALANTI RICHARD A sold $945,940. $5.22 million worth of Costco Wholesale Corporation (NASDAQ:COST) shares were sold by LAZARUS FRANZ E. LIBENSON RICHARD M sold $458,976 worth of stock or 2,049 shares.

Costco Wholesale Corporation (NASDAQ:COST) Institutional Positions Chart