Perigon Wealth Management 13F: Cuts COST Stake by $2.9M
Key Points
- Perigon Wealth Management trimmed its Costco Wholesale Corporation stake by 14.3%, bringing its holdings to 19,070 shares valued at $17,359,850.
- Costco reported trailing-twelve-month revenue of $303.15 billion with earnings of $20.76 per share ahead of its next earnings report on December 10, 2026.
- Wall Street maintains a buy consensus for Costco with a mean target price of $1,067.59 while the stock trades near $1,018.44.
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Perigon Wealth Management reduced its holdings in Costco Wholesale Corporation COST by 14.3%, shedding 3,187 shares during the period. According to its Form 13F filing on October 22, 2026, the fund held 19,070 shares worth about $17,359,850 at the end of the reporting window, down from its previous total of 22,257 shares.
COST
Costco Wholesale Corporation
Other Institutional Activity in Costco Wholesale Corporation
Other institutional investors adjusted their positions around the same time. Symphony Financial grew its holdings by 1,714 shares, ending with 5,860 shares worth about $5,369,656 after a 41.3% increase. True North Advisors added 4,717 shares to grow its position by 43.8% to 15,487 shares valued at about $14,098,754. Ami Asset Management trimmed its stake by 3.2% to 21,074 shares worth roughly $19,184,123. Livforsakringsbolaget Skandia, Omsesidigt cut its position by 66.7% to 1,621 shares valued at about $1,475,661. PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings by 4.2% to end with 92,731 shares worth about $84,416,739.
Costco Wholesale Corporation Stock Up 2.4%
Costco shares recently traded around $1,018.44 as of October 23, 2026, sitting above both its 50-day moving average of $936.66 and its 200-day moving average of $968.10. The stock closed at $1,018.21 on the filing date. It has traded between a 52-week low of $844.06 and a 52-week high of $1,096.50.
Recent Earnings
Costco posted trailing-twelve-month revenue of $303,154,003,968 and trailing earnings of $20.76 per share. The company reported a net profit margin of 3.0% and a return on equity of 28.4%, paired with year-over-year revenue growth of 11.1%. Its next quarterly financial update is scheduled for release on 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, yielding 0.59% with a dividend payout ratio of 26.7%.
Insider Buying and Selling at Costco Wholesale Corporation
Company insiders executed several sales 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 totaling $2,015,046. Officer Caton Frates sold 800 shares on the same day at $915.93 per share for $733,328. Executive Vice President William Richard Wilcox sold 1,100 shares on October 13, 2026, at $958.21 per share totaling $1,054,025.50.
Analysts Set New Price Targets
Wall Street firms updated their outlooks through September and October 2026. On September 28, 2026, Deutsche Bank maintained a buy rating while adjusting its price target to $1,079 from $1,091. On the same day, Argus Research reiterated a buy rating with a $1,230 target. RBC Capital reiterated a sector perform rating at 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 buy recommendation consensus from 37 analysts with a mean price target of $1,067.59.
About Costco Wholesale Corporation
Costco Wholesale Corporation operates a chain of membership-only warehouse clubs that offer low-cost, bulk goods across the United States, Canada, Asia, Europe, and other international regions. The retailer relies on membership fees to support its low-margin business model, driving steady customer loyalty and consistent sales volume.
Bottom Line
Perigon Wealth Management reduced its holdings in Costco as the stock traded near $1,018. Investors will look toward the company's next earnings report on December 10, 2026, for further insight into membership trends and revenue growth.
Related Filing Alerts
Source: Perigon Wealth Management's 13F filing on $COST (Oct 22, 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