Rep. Rick W. Allen (R-GA) Sells Costco Wholesale (COST) Stock

Congressman Rick W. Allen, a Republican from Georgia's 12th district, sold shares of Costco Wholesale Corporation (COST) valued between $1,001 and $15,000 on September 18, 2026. The transaction was reported on October 14, 2026, as part of the periodic transaction report filed under the STOCK Act.

Other Institutional Activity in Costco

Several other institutional investors have been active in Costco recently. Blackrock Inc. reduced its stake by 744,376 shares, bringing its total to 34,202,834 shares valued at about $33.83 billion. Vanguard Capital Management LLC added 129,811 shares, increasing its total to 28,976,605 shares worth approximately $28.66 billion. State Street Corporation grew its holdings by 232,353 shares, ending with 18,384,951 shares valued at about $18.18 billion. Invesco Ltd. increased its position by 359,814 shares, resulting in 13,989,137 shares worth roughly $13.84 billion. Geode Capital Management, LLC slightly decreased its stake by 31,978 shares, totaling 10,627,472 shares valued at about $10.51 billion.

Costco Wholesale Corporation Stock Up 0.7%

As of October 16, 2026, Costco's shares are trading around $990.81, which is above its 50-day moving average by about 6.2% and its 200-day moving average by about 2.6%. However, the stock is about 9.6% below its 52-week high of $1,096.50. The average target price from analysts is $1,066.06, indicating the stock is currently below this target by about 7.1%.

Recent Earnings

Costco reported a trailing revenue of $303.15 billion with a year-over-year revenue growth of 11.1%. The company has a net margin of 3.0% and a return on equity (ROE) of 28.4%. Its next earnings report is scheduled for December 10, 2026.

Insider Buying and Selling at Costco Wholesale Corporation

Recent insider trading includes Caton Frates, an officer, who sold 700 shares at an average price of $993.00 for a total value of $695,100 on April 1, 2026. Kenneth D. Denman, a director, sold 885 shares at an average price of $957.45, totaling $847,345 on June 23, 2026. Claudine Adamo, another officer, sold 2,200 shares at an average price of $915.93 for a total of $2,015,046 on September 29, 2026. Caton Frates sold another 800 shares on the same day at the same price for a total of $733,328.

Analysts Set New Price Targets

On September 25, 2026, Freedom Broker maintained a Buy rating on Costco with a price target of $1,010.00, down from $1,030.00. Raymond James also maintained an Outperform rating with a target of $1,050.00, reduced from $1,100.00. Roth Capital reiterated a Sell rating with a price target of $781.00. JP Morgan maintained an Overweight rating with a target of $1,015.00, down from $1,100.00. Deutsche Bank kept a Buy rating with a target price of $1,079.00, slightly down from $1,091.00.

About Costco Wholesale Corporation

Costco Wholesale Corporation operates membership warehouses globally, including in the United States, Canada, and several other countries. The company focuses on providing value through low prices on a wide range of merchandise. With a market cap of about $433.38 billion, Costco continues to be a major player in the consumer defensive sector, particularly in discount retail.

Bottom Line

Rick W. Allen's recent sale of Costco shares adds to the recent trend of insider trading within the company. Investors should keep an eye on the upcoming earnings report on December 10, 2026, and any further disclosures from Allen or other insiders.