BSN CAPITAL PARTNERS 13F: Exits Costco Wholesale (COST) Stake
Key Points
- BSN Capital Partners sold out of Costco Wholesale Corporation COST, parting with all 50,000 shares it held prior to the filing.
- Costco recently traded around $1,003.32, holding well above its 50-day moving average while analysts maintain a consensus buy rating.
- Several financial firms updated their views on Costco recently, with price targets stretching up to $1,250 ahead of the next earnings report in December.
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BSN Capital Partners closed out its position in Costco Wholesale Corporation COST, selling all 50,000 shares during the period according to an October 23, 2026 SEC filing.
COST
Costco Wholesale Corporation
What Changed in BSN Capital Partners's Costco Position
The fund completely exited its investment in the warehouse club operator, lowering its share count from 50,000 down to zero. The portfolio shift marks a 100.0% reduction in the holding.
Other Institutional Activity in Costco
Symphony Financial grew its holdings by 1,714 shares, ending with 5,860 shares worth about $5,369,656 in a report filed October 22, 2026.
Costco Wholesale Corporation Stock Up 0.5%
Costco recently traded around $1,003.32 as of October 24, 2026, sitting about 7.0% above its 50-day moving average of $938.04 and roughly 3.6% above its 200-day moving average of $968.74. The stock closed at $1,003.32 on the filing date.
Recent Earnings
Costco operates membership warehouses across the globe. The company posted trailing-twelve-month revenue of $303,154,003,968 alongside earnings of $20.76 per share. Its next earnings report is scheduled for December 10, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 1.9%. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 5 percent. Operating income missed by 5 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Costco delivered 9.1 percent revenue growth to 69.6 billion dollars in the second quarter, beating earnings per share at 4.93 dollars versus 4.92 dollars expected, but missing revenue versus consensus of 71.2 billion dollars. Same-store sales grew 7.4 percent excluding gas and currency effects. Comparable sales strength came from all categories, with meat and bakery leading fresh food at low double digits. Digital sales grew 22.6 percent, with personalized recommendations driving 470 million dollars in e-commerce sales. However, paid membership growth decelerated to 4.8 percent year over year, down from typical 5 percent levels, partly due to slower new warehouse openings in new markets and higher penetration of online signup members who renew at lower rates. Management emphasized continued price reductions on items like butter, coffee, and eggs despite tariff uncertainty, and highlighted technology investments in checkout efficiency and personalized experiences.
Guidance Management did not provide specific forward guidance for future quarters. They indicated expecting about 28 net new warehouse openings in fiscal 2026 and are targeting 30 plus openings per year going forward. Capital expenditures are estimated at approximately 6.5 billion dollars for the full year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Costco pays an annual dividend rate of $5.88 per share, giving it a dividend yield of 0.58% based on a payout ratio of 26.7%.
Insider Buying and Selling at Costco Wholesale Corporation
Four insider transactions took place prior to the filing. Director Kenneth D Denman sold 885 shares on June 23, 2026, at $957.45 per share for a total of $847,345. Officer Claudine Adamo sold 2,200 shares on September 29, 2026, at $915.93 per share for $2,015,046. Officer Caton Frates sold 800 shares on September 29, 2026, at $915.93 per share for $733,328. Finally, officer William Richard Wilcox sold 1,100 shares on October 13, 2026, at $958.20 per share for $1,054,026.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the stock ahead of the filing. Deutsche Bank maintained a buy rating on September 28, 2026, while adjusting its target to $1,079 from $1,091. Argus Research reiterated a buy rating at $1,230 on September 28, 2026. RBC Capital maintained a sector perform rating with a $1,000 target on October 9, 2026. Tigress Financial maintained a buy rating on October 15, 2026, raising its target to $1,250 from $1,065. CICC initiated coverage with an outperform rating and a $1050 target on October 21, 2026. Overall, the stock carries a consensus buy rating across 37 analyst opinions with a mean price target of $1,067.59.
About Costco
Costco Wholesale Corporation operates a massive chain of membership-only retail warehouses, providing a wide selection of branded and private-label goods across multiple countries. The company relies on membership fees to generate significant portion of its overall earnings while offering bulk items at competitive prices to its loyal consumer base.
Bottom Line
Investors will look toward Costco's upcoming earnings release on December 10, 2026, for further updates on revenue growth and membership trends. Future institutional filings will also show whether other large funds follow BSN Capital Partners in adjusting their retail sector exposure.
Related Filing Alerts
Source: BSN CAPITAL PARTNERS's 13F filing on $COST (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts