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 Trading Down 0.8 %

Shares of NASDAQ COST opened at $917.23 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $407.16 billion, a PE ratio of 53.86, a PEG ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The stock has a fifty day simple moving average of $949.23 and a 200-day simple moving average of $900.20.

Analyst Ratings Changes

A number of research firms have issued reports on COST. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Read Our Latest Analysis on Costco Wholesale

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Costco Wholesale

Several large investors have recently bought and sold shares of COST. Mason & Associates Inc lifted its position in shares of Costco Wholesale by 3.6% in the fourth quarter. Mason & Associates Inc now owns 723 shares of the retailer’s stock valued at $663,000 after acquiring an additional 25 shares in the last quarter. StrongBox Wealth LLC raised its stake in Costco Wholesale by 1.4% in the 4th quarter. StrongBox Wealth LLC now owns 6,053 shares of the retailer’s stock valued at $5,546,000 after purchasing an additional 86 shares during the last quarter. Northside Capital Management LLC lifted its holdings in Costco Wholesale by 7.5% in the 4th quarter. Northside Capital Management LLC now owns 2,158 shares of the retailer’s stock valued at $1,977,000 after purchasing an additional 150 shares in the last quarter. Heritage Family Offices LLP acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $210,000. Finally, Flywheel Private Wealth LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $374,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

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.

Costco Wholesale Company Profile

(Get Free Report)

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.

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