Alberta Investment Management Corp Sells 3,100 Shares of Costco Wholesale Corporation $COST

Alberta Investment Management Corp significantly reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 58.5%, selling 3,100 shares and retaining 2,200 shares valued at approximately $2.04 million. This move coincides with recent insider selling by two executive VPs, totaling 6,915 shares sold for $6.32 million over the last 90 days. Despite institutional ownership being high at 68.48% and an average “Moderate Buy” analyst rating, the stock trades near $988 with a P/E of ~52.9 and a 0.5% dividend yield, raising questions about valuation after multi-year gains.