PensionDanmark Pensionsforsikringsaktieselskab 13F: Adds $3.4M to COST Stake
Key Points
- PensionDanmark boosted its Costco Wholesale Corporation holdings by 4.2%, adding 3,779 shares to reach a total of 92,731 shares worth about $84.4 million.
- Costco shares recently traded around $995.65, sitting above both its 50-day and 200-day moving averages as it heads toward its next earnings report on December 10, 2026.
- Several company insiders completed stock sales ahead of the filing, and analysts maintain a consensus buy rating with a mean price target of $1,066.06.
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PensionDanmark increased its stake in Costco Wholesale Corporation (COST) by 4.2% during the period, according to a Form 13F filed with the SEC on October 19, 2026. The fund purchased an additional 3,779 shares to bring its total holdings to 92,731 shares. The value of the position stood at approximately $84.4 million at the time of the report. Costco shares closed at $995.84 on the filing date.
COST
Costco Wholesale Corporation
PensionDanmark Pensionsforsikringsaktieselskab vs. the S&P 500
Hypothetical returns from PensionDanmark Pensionsforsikringsaktieselskab's disclosed trades, not real profit or advice. How we model this.
Inside PensionDanmark's Costco Trade
The fund expanded its investment from a previous total of 88,952 shares up to 92,731 shares. This move reflects a 4.2% increase in share count for the consumer defensive holding.
Costco Wholesale Corporation Stock Up 0.7%
Costco stock recently traded around $995.65, putting it right near its event-day close. The shares are sitting roughly 6.7% above their 50-day moving average of $932.99 and about 3.1% above their 200-day moving average of $965.50. The stock has traded between a 52-week low of $844.06 and a 52-week high of $1,096.50 over the past year.
Recent Earnings
Costco reported $303.15 billion in trailing twelve-month revenue alongside earnings of $20.76 per share. The company posted a net profit margin of 3.0% and a return on equity of 28.4%. Its revenue grew at a year-over-year rate of 11.1%. Investors look ahead to the next earnings release 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
The warehouse club operator pays an annual dividend yielding 0.6%, backed by a dividend payout ratio of 26.7%.
Insider Buying and Selling at Costco Wholesale Corporation
Several company insiders trimmed their holdings prior to the filing. On June 23, 2026, Director Kenneth D. Denman sold 885 shares at an average price of $957.45 for a total of $847,345. Later, on September 29, 2026, Officer Claudine Adamo sold 2,200 shares at $915.93 per share, totaling $2.01 million. On the same day, Officer Caton Frates sold 800 shares at $915.93 each, worth $733,328. Finally, Officer William Richard Wilcox sold 1,100 shares at $958.20 on October 13, 2026, for a total of $1.05 million.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Freedom Broker maintained a buy rating while adjusting its price target from $1030.00 to $1010.00 on September 25, 2026. Deutsche Bank maintained a buy rating on September 28, 2026, lowering its target from $1091.00 to $1079.00. Argus Research reiterated a buy rating with a $1230.00 target on September 28, 2026. RBC Capital reiterated a sector perform rating with a $1000.00 target on October 9, 2026. Tigress Financial maintained a buy rating on October 15, 2026, raising its target from $1065.00 to $1250.00. Overall, the stock carries a consensus buy recommendation from 36 analysts, with a mean price target of $1066.06.
About Costco Wholesale
Costco Wholesale Corporation operates a massive chain of membership-only warehouse clubs. The company offers a wide selection of branded and private-label products across the United States, Canada, Mexico, and several international markets. Its business model focuses on high-volume sales at low margins, generating steady revenue through membership fees.
Bottom Line
PensionDanmark's added shares show steady institutional interest in the warehouse giant as it approaches its December earnings date. Market watchers will keep an eye on how consumer spending trends impact warehouse traffic and whether the stock can test its 52-week highs.
Related Filing Alerts
Source: PensionDanmark Pensionsforsikringsaktieselskab's 13F filing on $COST (Oct 19, 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