Rep. Greg Landsman Sells Costco Wholesale Co. (NASDAQ:COST) Stock

Representative Greg Landsman (D-Ohio) recently sold shares of Costco Wholesale Co. (NASDAQ:COST). In a filing disclosed on March 05th, the Representative disclosed that they had sold between $1,001 and $15,000 in Costco Wholesale stock on February 26th. The trade occurred in the Representative’s “ROCKEFELLER CAPITAL MANAGEMENT (1)” account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Ameriprise Financial (NYSE:AMP) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 2/26/2025.
• Sold $15,001 – $50,000 in shares of Arista Investors (OTCMKTS:ARINA) on 2/20/2025.
• Purchased $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 2/20/2025.
• Sold $1,001 – $15,000 in shares of BlackRock (NYSE:BLK) on 2/18/2025.
• Purchased $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 2/18/2025.
• Sold $1,001 – $15,000 in shares of United Rentals (NYSE:URI) on 12/19/2024.

Costco Wholesale Trading Down 6.1 %

Shares of COST traded down $62.31 during midday trading on Friday, hitting $964.31. The stock had a trading volume of 5,505,499 shares, compared to its average volume of 1,837,769. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm has a market cap of $428.06 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s 50 day moving average is $989.69 and its 200 day moving average is $942.97.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

Hedge Funds Weigh In On Costco Wholesale

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Copia Wealth Management purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $378,000. Elite Financial Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $516,000. Wood Tarver Financial Group LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $1,313,000. TFR Capital LLC. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $4,690,000. Finally, Castle Rock Wealth Management LLC raised its position in Costco Wholesale by 5.3% during the 4th quarter. Castle Rock Wealth Management LLC now owns 3,900 shares of the retailer’s stock worth $3,573,000 after buying an additional 196 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Truist Financial upped their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, March 3rd. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Raymond James increased their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,029.00.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio’s 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio’s 1st Congressional District. He declared candidacy for the 2026 election.

Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor’s Office of Faith-Based and Community Initiatives.

Costco Wholesale Company Profile

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.