Rep. Richard McCormick Unloads Costco Wholesale Corporation (NASDAQ:COST) Shares

Representative Richard McCormick (Republican-Georgia) recently sold shares of Costco Wholesale Corporation (NASDAQ:COST). In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Costco Wholesale stock on July 30th. The trade occurred in the Representative’s “GROWTH PARTNERS ROTH IRA” account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of L3Harris Technologies (NYSE:LHX) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Intercontinental Exchange (NYSE:ICE) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Illinois Tool Works (NYSE:ITW) on 7/30/2026.
• Sold $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 7/30/2026.

Costco Wholesale Trading Down 0.8%

COST opened at $953.50 on Tuesday. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,096.50. The company has a market capitalization of $422.86 billion, a P/E ratio of 47.96, a PEG ratio of 4.57 and a beta of 0.87. The stock’s fifty day moving average is $949.34 and its two-hundred day moving average is $981.20. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 28th. The retailer reported $4.93 EPS for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). The business had revenue of $70.53 billion for the quarter, compared to analysts’ expectations of $70.12 billion. Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. During the same period last year, the business posted $4.28 EPS. Analysts forecast that Costco Wholesale Corporation will post 20.42 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, July 24th were issued a $1.47 dividend. The ex-dividend date was Friday, July 24th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 29.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COST. Bank of America Corp DE purchased a new position in Costco Wholesale during the second quarter worth approximately $6,781,946,000. Diamant Asset Management Inc. boosted its position in shares of Costco Wholesale by 99,278.0% during the 1st quarter. Diamant Asset Management Inc. now owns 6,726,899 shares of the retailer’s stock valued at $672,690,000 after acquiring an additional 6,720,130 shares during the last quarter. Norges Bank purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $5,195,415,000. Corient Private Wealth LLC increased its position in Costco Wholesale by 838.9% during the fourth quarter. Corient Private Wealth LLC now owns 6,125,405 shares of the retailer’s stock worth $5,282,182,000 after purchasing an additional 5,472,968 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Costco Wholesale during the second quarter worth about $2,362,188,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reduced their target price on Costco Wholesale from $1,110.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale in a research note on Monday, June 1st. Bank of America lifted their price objective on shares of Costco Wholesale from $1,185.00 to $1,200.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,120.00 target price on shares of Costco Wholesale in a research report on Thursday, August 6th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,059.53.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total value of $847,343.25. Following the completion of the transaction, the director directly owned 4,779 shares in the company, valued at approximately $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

More Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: Costco plans to offer Medicare insurance products in some markets, potentially adding a new recurring revenue stream while integrating pharmacy, vision and hearing benefits. The initiative could deepen customer relationships and increase membership monetization. Costco Sells Vacations, Gas and, Soon, Medicare Plans
• Positive Sentiment: Analyst commentary highlights growth in Executive memberships, improving digital conversion and rising fee income as factors that could support earnings and justify a higher valuation. Wall Street’s consensus recommendation remains “Moderate Buy,” providing a supportive backdrop for the shares. Can Costco Stock Reach New Highs in Member Monetization? Costco Receives Moderate Buy Recommendation
• Positive Sentiment: Commentators continue to point to Costco’s membership model, approximately 92.2% North American renewal rate, warehouse expansion, customer loyalty and cash generation as reasons the company may remain a long-term retail winner despite short-term share weakness. Is Now a Good Time to Buy Costco Wholesale Stock?
• Neutral Sentiment: The return of a popular discontinued sweet treat and Costco’s ready-to-eat Labor Day offerings may encourage customer traffic and engagement, but these product-related developments are unlikely to materially affect earnings. Costco Brings Back Popular Sweet Treat
• Neutral Sentiment: Industry comparisons describe Costco as a solid performer among non-discretionary retailers, but offer limited new information about its outlook. A report about a proposed Texas semiconductor facility merely uses Costco warehouses as a size comparison and has no direct business impact. Q2 Earnings Highs and Lows Texas Semiconductor Facility Report
• Negative Sentiment: Costco’s shares remain expensive at roughly 42–44 times forward earnings, and one comparison argues that TJX Companies currently offers better value. Costco’s premium leaves less room for disappointment, particularly after its latest quarterly EPS narrowly missed estimates and after the stock lagged the S&P 500. Should Investors Be Concerned About Costco’s Valuation? TJX Compared With Costco

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia’s 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 7th Congressional District. He declared candidacy for the 2026 election.

Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick’s career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

About Costco Wholesale

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.