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

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 Stock Performance

Shares of Costco Wholesale stock opened at $953.50 on Tuesday. The business has a 50-day moving average price of $949.34 and a two-hundred day moving average price of $981.20. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,096.50. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The company has a market cap of $422.86 billion, a P/E ratio of 47.96, a PEG ratio of 4.57 and a beta of 0.87.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.94 by ($0.01). Costco Wholesale had a net margin of 3.01% and a return on equity of 28.04%. The business had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same period in the prior year, the firm earned $4.28 earnings per share. As a group, analysts anticipate that Costco Wholesale Corporation will post 20.42 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. TD Cowen restated a “buy” rating and issued a $1,175.00 price target on shares of Costco Wholesale in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,120.00 price objective on shares of Costco Wholesale in a report on Thursday, August 6th. UBS Group raised their target price on 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. Oppenheimer boosted their target price on Costco Wholesale from $1,100.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, Truist Financial upped their price target on Costco Wholesale from $977.00 to $1,011.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Twenty-two equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,059.53.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 885 shares of Costco Wholesale stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $957.45, for a total transaction of $847,343.25. Following the completion of the sale, the director owned 4,779 shares in the company, valued at approximately $4,575,653.55. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Costco Wholesale

Several hedge funds have recently modified their holdings of the company. World Investment Advisors increased its holdings in shares of Costco Wholesale by 8.4% in the fourth quarter. World Investment Advisors now owns 20,081 shares of the retailer’s stock worth $15,835,000 after purchasing an additional 1,560 shares during the period. Teacher Retirement System of Texas boosted its stake in Costco Wholesale by 24.5% during the fourth quarter. Teacher Retirement System of Texas now owns 140,429 shares of the retailer’s stock valued at $121,098,000 after buying an additional 27,625 shares during the period. Sarasin & Partners LLP grew its position in Costco Wholesale by 6.9% during the second quarter. Sarasin & Partners LLP now owns 214,194 shares of the retailer’s stock worth $200,372,000 after buying an additional 13,795 shares in the last quarter. Perryman Financial Advisory Inc. AD purchased a new position in Costco Wholesale during the fourth quarter worth about $9,300,000. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in Costco Wholesale in the 4th quarter worth about $5,813,000. Institutional investors own 68.48% of the company’s stock.

Key Stories Impacting Costco Wholesale

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

• Positive Sentiment: Membership monetization remains a key growth driver. Growth in Executive memberships, improving digital conversion and rising membership-fee income could support margins and earnings even if retail sales growth moderates. Can Costco Stock Reach New Highs in Member Monetization?
• Positive Sentiment: Analysts remain generally favorable. Costco has an average “Moderate Buy” recommendation, which may provide support while investors assess the company’s recent share weakness. Costco Wholesale Receives Average Recommendation of Moderate Buy
• Positive Sentiment: Customer loyalty and expansion support the long-term case. North American membership renewal rates of 92.2%, strong cash generation and a broad warehouse expansion plan reinforce Costco’s competitive position and potential for future earnings growth. Is Now a Good Time to Buy Costco Wholesale Stock?
• Neutral Sentiment: Recent industry coverage compares Costco’s quarterly performance with other non-discretionary retailers, offering context but no clearly identified new company-specific catalyst. Q2 Earnings Highs and Lows: Costco Versus Retail Peers
• Negative Sentiment: Valuation remains the principal risk. Costco trades at more than 40 times forward earnings, leaving limited room for execution disappointments. The shares have also lagged the broader S&P 500, while TJX Companies is presented as a potentially better-value retail investment. Should Investors Be Concerned That Costco Stock Trades at Over 40 Times Forward Earnings?

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.

Costco Wholesale Company Profile

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.