Rep. Jefferson Shreve Sells Off Shares of Costco Wholesale Co. (NASDAQ:COST)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Costco Wholesale Co. (NASDAQ:COST). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Costco Wholesale stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Costco Wholesale Trading Down 0.2 %

NASDAQ:COST traded down $1.77 during trading hours on Tuesday, hitting $977.55. 975,994 shares of the stock were exchanged, compared to its average volume of 2,002,461. The company has a market capitalization of $433.72 billion, a P/E ratio of 57.40, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $981.61 and its two-hundred day moving average is $950.46. Costco Wholesale Co. has a twelve month low of $702.00 and a twelve month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Institutional Trading of Costco Wholesale

Several large investors have recently made changes to their positions in COST. My Legacy Advisors LLC raised its position in shares of Costco Wholesale by 11.9% during the first quarter. My Legacy Advisors LLC now owns 2,902 shares of the retailer’s stock worth $2,745,000 after purchasing an additional 309 shares during the period. Curbstone Financial Management Corp raised its holdings in shares of Costco Wholesale by 41.1% in the 1st quarter. Curbstone Financial Management Corp now owns 618 shares of the retailer’s stock worth $584,000 after acquiring an additional 180 shares during the last quarter. Columbia Advisory Partners LLC boosted its stake in Costco Wholesale by 3.1% during the 1st quarter. Columbia Advisory Partners LLC now owns 1,573 shares of the retailer’s stock valued at $1,488,000 after purchasing an additional 48 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Costco Wholesale by 0.9% in the first quarter. Redhawk Wealth Advisors Inc. now owns 2,689 shares of the retailer’s stock worth $2,543,000 after purchasing an additional 23 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Costco Wholesale by 12.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,203,857 shares of the retailer’s stock valued at $1,138,584,000 after buying an additional 135,085 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the transaction, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This trade represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Barclays upped their target price on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research report on Monday, March 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Stifel Nicolaus dropped their price objective on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Mizuho began coverage on shares of Costco Wholesale in a report on Friday. They issued a “neutral” rating and a $975.00 price target for the company. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,024.03.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.