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

Posted by James Conley on Aug 18th, 2026

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 Up 1.9%

COST traded up $18.05 during trading on Tuesday, reaching $971.55. 295,550 shares of the company’s stock were exchanged, compared to its average volume of 2,185,314. The firm has a fifty day moving average price of $949.34 and a two-hundred day moving average price of $981.20. The stock has a market capitalization of $430.86 billion, a PE ratio of 48.76, a price-to-earnings-growth ratio of 4.57 and a beta of 0.87. Costco Wholesale Corporation has a one year low of $844.06 and a one 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.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The retailer reported $4.93 earnings per share 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 company had revenue of $70.53 billion during the quarter, compared to analyst estimates of $70.12 billion. During the same quarter in the previous year, the company earned $4.28 earnings per share. As a group, equities research analysts forecast that Costco Wholesale Corporation will post 20.42 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insider Transactions at Costco Wholesale

In related news, Director Kenneth D. Denman sold 885 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 4,779 shares in the company, valued at $4,575,653.55. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Costco Wholesale

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COST. C M Bidwell & Associates Ltd. bought a new position in shares of Costco Wholesale in the second quarter worth $28,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $27,000. Burk Holdings LLC bought a new position in Costco Wholesale during the second quarter valued at approximately $30,000. Manning & Napier Advisors LLC purchased a new position in shares of Costco Wholesale during the second quarter worth approximately $30,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $28,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on COST. Mizuho set a $1,100.00 price objective on Costco Wholesale in a research note on Monday, June 1st. Weiss Ratings lowered shares of Costco Wholesale from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Roth Capital upped their price objective on shares of Costco Wholesale from $769.00 to $781.00 and gave the company a “sell” rating in a research note on Friday, May 29th. Oppenheimer lifted their target price on shares of Costco Wholesale from $1,100.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Citigroup started coverage on shares of Costco Wholesale in a research note on Thursday, June 18th. They set a “neutral” rating and a $1,020.00 target price on the stock. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,059.53.

Check Out Our Latest Research Report on COST

More Costco Wholesale News

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

Positive Sentiment: Costco plans to begin offering Medicare products in some markets, potentially integrating pharmacy, vision and hearing benefits. The initiative could diversify revenue and deepen customer relationships, although the financial contribution will depend on adoption and execution. Costco Sells Vacations, Gas and, Soon, Medicare Plans
Positive Sentiment: Costco’s Executive membership growth, increasing digital engagement and rising membership-fee income are supporting stronger monetization. These trends reinforce the company’s recurring-revenue model and could support future earnings growth. Can Costco Stock Reach New Highs in Member Monetization?
Positive Sentiment: Analyst coverage remains broadly favorable, with Costco receiving a “Moderate Buy” average recommendation. Strong renewal rates, including 92.2% in North America, continue to support the long-term investment case. Costco Receives Average Recommendation of Moderate Buy
Positive Sentiment: The return of a popular discontinued sweet treat may generate customer excitement and modest traffic, though it is unlikely to materially affect financial results. Costco Brings Back Cult-Favorite Sweet Treat
Neutral Sentiment: Recent coverage compares Costco’s quarterly performance with other nondiscretionary retailers but provides no major new company-specific catalyst. Q2 Earnings Highs and Lows: Costco Vs. Other Retail Stocks
Negative Sentiment: Costco trades at roughly 42–48 times forward earnings, making the stock vulnerable to pullbacks if growth disappoints. Its shares have also lagged the S&P 500 in 2026, increasing investor scrutiny despite solid operations. Should Investors Be Concerned About Costco’s Valuation?
Negative Sentiment: One comparison argues that TJX Companies currently offers better value than Costco and Walmart, potentially diverting value-oriented retail investors from COST. This Retail Stock May Be an Even Better Buy Than Walmart and 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

(Get Free Report)

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.