Verdence Capital Advisors 13F: Adds $2.9M to COST Stake
Key Points
- Verdence Capital Advisors boosted its stake in Costco by 3,206 shares, raising its total holdings to 17,221 shares worth about $15.7 million.
- The fund's reported value for this position is $604.5 million, making it the 12th largest holding in its portfolio.
- Costco shares recently traded around $992.13, which is about 1.3% below the closing price on the filing date.
Since the filing, $COST is down 1.3% to date (from the $1,005.16 close on Oct 26, 2026).
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Verdence Capital Advisors increased its stake in Costco Wholesale Corporation ($COST) by 3,206 shares in a filing on October 26, 2026. This brings the total number of shares held by the fund to 17,221, with a reported value of approximately $15.7 million.
COST
Costco Wholesale Corporation
Verdence Capital Advisors vs. the S&P 500
Hypothetical returns from Verdence Capital Advisors's disclosed trades, not real profit or advice. How we model this.
What Changed in Verdence Capital Advisors' Costco Position
Verdence Capital Advisors boosted its holdings by 3,206 shares, representing a 22.9% increase in its position. The total value of this stake now stands at about $15.7 million, making up 2.59% of the fund's overall portfolio.
Where Costco Fits in Verdence Capital Advisors' Portfolio
Costco is the 12th largest holding in Verdence's portfolio, with this recent addition increasing its overall investment in the company significantly.
Other Institutional Activity in Costco
Ag2R la Mondiale Gestion D'Actifs raised its stake in Costco by 3,408 shares, bringing its total to 22,931 shares valued at about $20.9 million. Meanwhile, Local Pensions Partnership Investment trimmed its position by 6,900 shares, leaving it with 127,012 shares worth approximately $115.6 million.
Costco Wholesale Corporation Stock Down 1.1%
As of October 28, 2026, Costco shares are trading around $992.13, which is about 1.3% below the closing price of $1,005.16 on the filing date. The stock is currently above its 50-day moving average by 5.6% and above its 200-day average by 2.3%. However, it's about 9.5% below its 52-week high of $1,096.50.
Recent Earnings
Costco reported trailing twelve-month revenue of $303.2 billion and earnings per share of $20.76. The next earnings report is expected 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 of $5.88 per share, which gives it a yield of 0.59%. The dividend payout ratio stands at 26.7%.
Analysts Set New Price Targets
On September 28, 2026, Deutsche Bank maintained a "Buy" rating with a price target of $1,079, while Argus Research reiterated its "Buy" rating with a target of $1,230. The consensus recommendation is currently a "Buy" with a mean target price of $1,067.59 from 37 analysts.
About Costco Wholesale Corporation
Costco Wholesale Corporation operates membership warehouses across several countries, including the United States and Canada. The company is known for its bulk goods and low prices, serving millions of members worldwide.
Bottom Line
Investors should keep an eye on Costco's next earnings report on December 10, 2026, for further insights into the company's performance. The recent activity from Verdence Capital Advisors shows continued interest in Costco's stock amid a competitive retail market.
Related Filing Alerts
Source: Verdence Capital Advisors's 13F filing on $COST (Oct 26, 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