Costco nominates Gina Raimondo for its Board of Directors, enhancing expertise in global business and international security.
Quiver AI Summary
Costco Wholesale Corporation announced the nomination of Gina Raimondo, former Secretary of Commerce and Governor of Rhode Island, to its Board of Directors. Raimondo has a background in politics and venture capital, and is recognized for her contributions to global business and international security. Tony James, Chairman of the Board, expressed enthusiasm for her nomination, highlighting her extensive experience as a valuable addition to the board's expertise. Costco currently operates 921 warehouses worldwide and has e-commerce platforms in several countries.
Potential Positives
- Nomination of Secretary Gina Raimondo to the Board of Directors enhances Costco's governance with her extensive experience in global business, politics, and international security.
- The nomination signals Costco's commitment to strategic leadership and a diverse skill set at the highest levels of the company.
- Secretary Raimondo's background in venture capital may support Costco's growth and innovation initiatives.
Potential Negatives
- Nomination of Secretary Gina Raimondo could draw scrutiny due to her political background and affiliations, potentially affecting public perception of Costco's impartiality.
FAQ
Who has been nominated to Costco's Board of Directors?
Secretary Gina Raimondo has been nominated for election to Costco's Board of Directors.
What previous roles did Secretary Gina Raimondo hold?
She was the 40th Secretary of Commerce and the Governor of Rhode Island.
How many warehouses does Costco operate?
Costco operates 921 warehouses globally, including 633 in the U.S. and Puerto Rico.
What is the significance of Raimondo’s nomination?
Her experience in global business and politics is expected to enhance Costco's Board expertise.
In which countries does Costco have e-commerce sites?
Costco operates e-commerce sites in the U.S., Canada, U.K., Mexico, Korea, Taiwan, Japan, and Australia.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$COST Insider Trading Activity
$COST insiders have traded $COST stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $COST stock by insiders over the last 6 months:
- YORAM RUBANENKO (Executive Vice President) sold 4,000 shares for an estimated $3,899,852
- RUSSELL D MILLER (Sr. Executive Vice President) sold 3,381 shares for an estimated $3,093,615
- PATRICK J CALLANS (Executive Vice President) sold 3,000 shares for an estimated $3,008,298
- CLAUDINE ADAMO (Executive Vice President) sold 2,700 shares for an estimated $2,526,336
- WILLIAM RICHARD WILCOX (Executive Vice President) sold 2,400 shares for an estimated $2,232,312
- PIERRE RIEL (Executive Vice President) sold 2,000 shares for an estimated $2,028,294
- CATON FRATES (Executive Vice President) sold 1,540 shares for an estimated $1,401,430
- TIFFANY MARIE BARBRE sold 1,239 shares for an estimated $1,158,352
- TERESA A. JONES (Executive Vice President) sold 600 shares for an estimated $595,230
- SUSAN L DECKER has made 0 purchases and 2 sales selling 547 shares for an estimated $536,058.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$COST Congressional Stock Trading
Members of Congress have traded $COST stock 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $COST stock by members of Congress over the last 6 months:
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 10/17.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 10/17.
- SENATOR JOHN BOOZMAN purchased up to $15,000 on 10/09.
- REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
- REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 06/17 and 2 sales worth up to $30,000 on 07/10, 06/09.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$COST Hedge Fund Activity
We have seen 1,788 institutional investors add shares of $COST stock to their portfolio, and 1,834 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,922,311 shares (+91.1%) to their portfolio in Q3 2025, for an estimated $2,704,978,730
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 2,358,874 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,183,444,540
- FMR LLC removed 1,460,694 shares (-15.5%) from their portfolio in Q3 2025, for an estimated $1,352,062,187
- AMUNDI added 986,182 shares (+45.0%) to their portfolio in Q3 2025, for an estimated $912,839,644
- NUVEEN, LLC removed 953,575 shares (-27.5%) from their portfolio in Q3 2025, for an estimated $882,657,627
- BLACKROCK, INC. removed 801,895 shares (-2.3%) from their portfolio in Q3 2025, for an estimated $742,258,068
- ASSENAGON ASSET MANAGEMENT S.A. removed 758,869 shares (-91.8%) from their portfolio in Q3 2025, for an estimated $702,431,912
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$COST Analyst Ratings
Wall Street analysts have issued reports on $COST in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Telsey Advisory Group issued a "Outperform" rating on 12/04/2025
- JP Morgan issued a "Overweight" rating on 11/06/2025
- Oppenheimer issued a "Outperform" rating on 11/03/2025
- BTIG issued a "Buy" rating on 10/15/2025
- Argus Research issued a "Buy" rating on 09/29/2025
- Bernstein issued a "Outperform" rating on 09/26/2025
- Evercore ISI Group issued a "Outperform" rating on 06/17/2025
To track analyst ratings and price targets for $COST, check out Quiver Quantitative's $COST forecast page.
$COST Price Targets
Multiple analysts have issued price targets for $COST recently. We have seen 11 analysts offer price targets for $COST in the last 6 months, with a median target of $1033.0.
Here are some recent targets:
- Michael Baker from DA Davidson set a target price of $1000.0 on 12/04/2025
- Joseph Feldman from Telsey Advisory Group set a target price of $1100.0 on 12/04/2025
- Christopher Horvers from JP Morgan set a target price of $1025.0 on 11/06/2025
- Rupesh Parikh from Oppenheimer set a target price of $1050.0 on 11/03/2025
- Robert Drbul from BTIG set a target price of $1115.0 on 10/15/2025
- David Belinger from Mizuho set a target price of $950.0 on 10/09/2025
- Paul Lejuez from Citigroup set a target price of $990.0 on 09/29/2025
Full Release
ISSAQUAH, Wash., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced the nomination for election to its Board of Directors of Secretary Gina Raimondo. Raimondo was the 40th Secretary of Commerce, from 2021 to 2025, and Governor of Rhode Island from 2015 to 2021. She entered politics in 2010, when she was elected Treasurer of the State of Rhode Island. Prior to entering politics Secretary Raimondo worked in venture capital. She is also a distinguished fellow at the Council on Foreign Relations.
Hamilton (Tony) James, Chairman of the Board, stated: “We are very pleased to nominate Secretary Raimondo for election to our Board. Her vast experience in global business, politics and international security at the highest level will add an important dimension to our current expertise. We look forward to her contributions.”
Costco currently operates 921 warehouses, including 633 in the United States and Puerto Rico, 112 in Canada, 42 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland, and New Zealand. We also operate e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.
| CONTACTS: |
Costco Wholesale Corporation
Josh Dahmen, 425/313-8254 Andrew Yoon, 425/313-6305 |
COST-Comp
