Rep. Jefferson Shreve Sells Costco Wholesale Corporation (NASDAQ:COST) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Costco Wholesale Corporation NASDAQ: COST. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $100,001 and $250,000 in Costco Wholesale stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Costco Wholesale Trading Up 0.2%

Shares of COST traded up $1.68 during mid-day trading on Friday, reaching $935.48. 1,825,525 shares of the company's stock traded hands, compared to its average volume of 1,969,335. The stock has a market cap of $414.87 billion, a P/E ratio of 53.06, a P/E/G ratio of 5.82 and a beta of 0.97. The stock's 50-day moving average is $992.04 and its two-hundred day moving average is $983.84. Costco Wholesale Corporation has a 12 month low of $793.00 and a 12 month high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.04. The firm had revenue of $63.21 billion for the quarter, compared to analysts' expectations of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.78 earnings per share. Research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale's dividend payout ratio is 29.50%.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 547 shares of the business's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares of the company's stock, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,547 shares of company stock worth $9,472,510. Corporate insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Costco Wholesale

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new position in Costco Wholesale in the 2nd quarter worth $25,000. Investment Management Corp VA ADV acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $31,000. NewSquare Capital LLC lifted its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after buying an additional 25 shares during the period. Finally, Anderson Financial Strategies LLC lifted its holdings in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Truist Financial increased their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Wall Street Zen raised Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Loop Capital dropped their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Finally, Mizuho began coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,037.48.

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 editor@ballotpedia.org 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.