Waverly Advisors 13F: Adds $12M to Costco Wholesale (COST) Stake
Waverly Advisors expanded its portfolio by picking up additional shares of the membership warehouse giant.
Reviewed by automated data checks against the source filing. How we make and check alerts
Waverly Advisors added 12,918 shares to its stake in Costco Wholesale Corporation ($COST), a 35.90% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 48,900 shares worth $45.74 million at the end of the quarter.
Since the filing, $COST is down 2.0% after 1 week, down 6.6% after 1 month and down 5.5% to date (from the $1,047.28 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
COST
Costco Wholesale Corporation
Key Points
- Waverly Advisors lifted its position in Costco Wholesale Corporation (NasdaqGS: COST) by 35.9% during the period ended May 15, 2026.
- The firm added 12,918 shares to bring its total holdings to 48,900 shares valued at approximately $45.7 million.
- Wall street firms maintain an active view on the stock, carrying a consensus buy rating and a mean price target of $1,066.06.
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Waverly Advisors Expands Costco Holdings
Waverly Advisors boosted its investment in Costco Wholesale Corporation (NasdaqGS: COST), growing its position by 35.9% during the reporting period ended May 15, 2026, according to a Form 13F filing with the U.S. Securities and Exchange Commission. Because 13F filings look backward at historical data, this report reflects holdings as of that date and may not represent the firm's exact position today.
Growing the Costco Position
The firm picked up an additional 12,918 shares of the membership retailer, lifting its total share count from 35,982 up to 48,900 shares. The reported value of the stake reached roughly $45.7 million based on the period's data. This move fits alongside recent portfolio adjustments by the advisory firm, which has also been seen tweaking stakes across industrial and energy names like Air Products and Chemicals and ATI Inc.
Costco Stock Value and Market Context
Costco shares recently traded around $935.47, sitting near its 50-day moving average of $932.99 while trading below its 200-day moving average of $965.50. The company carries a market capitalization of roughly $433.38 billion. Investors should note that 13F filings only capture a snapshot in time and do not guarantee the investor still holds the exact same number of shares today.
Recent Earnings Performance
Costco reported strong underlying fundamentals recently, posting $303.15 billion in revenue alongside an 11.1% revenue growth rate. The warehouse operator achieved an EPS of $20.76 with a net profit margin of 3.04% and a return on equity of 28.40%. The company's next quarterly 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 Overview
The company currently pays a dividend yielding 0.6%, backed by a conservative dividend payout ratio of 26.69%.
Wall Street Analyst Views
Analyst firms continue to review the retailer with various targets and ratings. On September 25, 2026, Freedom Broker maintained a buy rating with a $1,010.00 target, while JP Morgan maintained an overweight rating with a target of $1,015.00. Later, on October 15, 2026, Tigress Financial maintained a buy rating and raised its price target to $1,250.00. Overall, the stock holds a consensus buy rating with a mean price target of $1,066.06 across 36 analyst opinions.
Inside Costco's Warehouse Model
Costco Wholesale Corporation operates a massive chain of membership warehouses across the United States and international markets. The company sells a wide variety of bulk merchandise, groceries, and fresh foods, alongside offering gasoline and pharmacy services. Its membership model creates steady recurring revenue that sets it apart from traditional discount stores.
What to Watch at Costco Wholesale Corporation
Market participants will look to subsequent quarterly filings from Waverly Advisors to see whether the firm builds further on its retail holdings. Meanwhile, investors can track upcoming earnings results in December to gauge whether warehouse traffic and membership renewals continue at a strong pace.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $COST (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts