Costco Wholesale Corporation $COST Stock: Baskin Financial Services Inc. Cuts Holdings

Posted by George Bondi on Oct 19th, 2026

Baskin Financial Services Inc. trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 61,712 shares of the retailer’s stock after selling 1,246 shares during the period. Costco Wholesale comprises about 4.5% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 7th biggest holding. Baskin Financial Services Inc.’s holdings in Costco Wholesale were worth $56,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Miramontes Capital LLC lifted its holdings in Costco Wholesale by 2.7% in the third quarter. Miramontes Capital LLC now owns 6,323 shares of the retailer’s stock valued at $5,756,000 after acquiring an additional 164 shares during the last quarter. Narus Financial Partners LLC grew its position in Costco Wholesale by 8.6% in the third quarter. Narus Financial Partners LLC now owns 568 shares of the retailer’s stock worth $517,000 after acquiring an additional 45 shares during the period. Cottage Street Advisors LLC increased its stake in Costco Wholesale by 8.8% during the third quarter. Cottage Street Advisors LLC now owns 480 shares of the retailer’s stock worth $437,000 after acquiring an additional 39 shares during the last quarter. Ardent Capital Management Inc. increased its stake in Costco Wholesale by 5.4% during the third quarter. Ardent Capital Management Inc. now owns 7,069 shares of the retailer’s stock worth $6,435,000 after acquiring an additional 359 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Costco Wholesale by 43.4% in the third quarter. IFP Advisors Inc now owns 42,484 shares of the retailer’s stock valued at $38,675,000 after purchasing an additional 12,856 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on COST. Tigress Financial upped their price target on Costco Wholesale from $1,065.00 to $1,250.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price objective on Costco Wholesale from $1,100.00 to $1,015.00 and set an “overweight” rating for the company in a research report on Friday, September 25th. Freedom Broker cut their price objective on Costco Wholesale from $1,030.00 to $1,010.00 and set a “buy” rating for the company in a research report on Friday, September 25th. Truist Financial reduced their price objective on shares of Costco Wholesale from $1,011.00 to $955.00 and set a “hold” rating on the stock in a report on Friday, September 25th. Finally, Wells Fargo & Company decreased their target price on shares of Costco Wholesale from $1,000.00 to $950.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Twenty-four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,087.40.

View Our Latest Report on COST

Insider Activity

In related news, EVP Claudine Adamo sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $915.93, for a total transaction of $2,015,046.00. Following the sale, the executive vice president directly owned 7,134 shares of the company’s stock, valued at $6,534,244.62. This represents a 23.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Richard Wilcox sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $958.21, for a total transaction of $1,054,031.00. Following the completion of the transaction, the executive vice president directly owned 3,094 shares of the company’s stock, valued at $2,964,701.74. This represents a 26.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Up 0.4%

Shares of COST stock traded up $3.58 on Monday, hitting $992.69. The stock had a trading volume of 600,345 shares, compared to its average volume of 2,187,307. The company’s 50 day moving average price is $933.15 and its 200-day moving average price is $963.04. Costco Wholesale Corporation has a 1 year low of $844.06 and a 1 year high of $1,096.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 0.62. The firm has a market capitalization of $439.89 billion, a P/E ratio of 47.84, a P/E/G ratio of 4.23 and a beta of 0.88.

Costco Wholesale (NASDAQ:COST – Get Free Report) last announced its earnings results on Thursday, September 24th. The retailer reported $6.75 EPS for the quarter, beating analysts’ consensus estimates of $6.54 by $0.21. The company had revenue of $95.72 billion during the quarter, compared to analysts’ expectations of $94.97 billion. Costco Wholesale had a return on equity of 27.60% and a net margin of 3.04%. Costco Wholesale’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business posted $5.87 EPS. Analysts anticipate that Costco Wholesale Corporation will post 22.70 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be paid a dividend of $1.47 per share. The ex-dividend date is Friday, October 30th. This represents a $5.88 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is 28.32%.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a membership-based warehouse retail business under the Costco name. The company sells merchandise in bulk and at competitive prices through warehouse clubs and e-commerce platforms, serving individual consumers, businesses and other organizations.

Its product selection includes groceries and fresh foods, household supplies, appliances, electronics, furniture, apparel, health and beauty products, jewelry, automotive products and prescription drugs. Costco also provides services such as optical care, pharmacy services, hearing-aid sales, travel offerings and fuel sales, depending on location.

The company traces its roots to Price Club, which opened in San Diego in 1976.