Rep. Richard McCormick Sells Off Shares of Costco Wholesale Corporation (NASDAQ:COST)

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Costco stock from his GROWTH PARTNERS ROTH IRA on July 30, alongside similarly sized sales of 10 other companies.
• Costco shares were trading around $953.50, down 0.8%, after the company narrowly missed quarterly EPS estimates while exceeding revenue expectations. The retailer recently paid a $1.47 quarterly dividend, representing a 0.6% annualized yield.
• Analysts remain moderately bullish, citing membership growth, strong renewal rates and expansion plans, though Costco’s valuation—nearly 48 times earnings—remains a key risk.

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%

Shares of Costco Wholesale stock opened at $953.50 on Tuesday. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,096.50. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $949.34 and a 200-day simple moving average of $981.20. The firm has a market cap of $422.86 billion, a price-to-earnings ratio of 47.96, a price-to-earnings-growth ratio of 4.57 and a beta of 0.87.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its earnings results 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). The company had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. Costco Wholesale had a return on equity of 28.04% and a net margin of 3.01%.During the same quarter in the previous year, the firm earned $4.28 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 20.42 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

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?

Insiders Place Their Bets

In other Costco Wholesale news, Director Kenneth D. Denman sold 885 shares of the stock in a transaction on 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 transaction, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Costco Wholesale

Several large investors have recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Costco Wholesale during the 4th quarter worth about $27,000. Lifetime Wealth Management P.C. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $28,000. Finally, Burk Holdings LLC bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Analyst Ratings Changes

COST has been the subject of a number of recent analyst reports. UBS Group increased their price target on Costco Wholesale from $1,205.00 to $1,275.00 and gave the company a "buy" rating in a research report on Wednesday, May 20th. Royal Bank Of Canada initiated coverage on shares of Costco Wholesale in a research note on Monday, July 13th. They set a "sector perform" rating and a $1,000.00 target price for the company. Mizuho set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $1,120.00 price target on shares of Costco Wholesale in a report on Thursday, August 6th. Finally, TD Cowen reiterated a "buy" rating and issued a $1,175.00 target price on shares of Costco Wholesale in a research note on Wednesday, June 3rd. Twenty-two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,059.53.

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.

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