Rep. James Comer Purchases Shares of Costco Wholesale Co. (NASDAQ:COST)

Representative James Comer (R-Kentucky) recently bought shares of Costco Wholesale Co. NASDAQ: COST. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Costco Wholesale stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.

Costco Wholesale Stock Up 0.5 %

NASDAQ:COST traded up $4.92 during midday trading on Wednesday, reaching $922.15. 781,474 shares of the stock traded hands, compared to its average volume of 1,767,847. The stock has a market capitalization of $409.34 billion, a PE ratio of 54.15, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The business has a 50-day moving average of $949.23 and a two-hundred day moving average of $900.20.

Institutional Trading of Costco Wholesale

Several institutional investors have recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $55,000. Fairway Wealth LLC increased its stake in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer's stock worth $56,000 after purchasing an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter valued at about $58,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COST shares. Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Evercore ISI upped their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a "buy" rating in a report on Friday, September 27th. UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average target price of $1,013.59.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company's stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.