Mackenzie Financial Corp Grows Stake in Costco Wholesale Corporation $COST

Mackenzie Financial Corp lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 3.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 172,211 shares of the retailer’s stock after buying an additional 5,813 shares during the period. Mackenzie Financial Corp’s holdings in Costco Wholesale were worth $159,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Costco Wholesale by 4.5% during the second quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 165 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in Costco Wholesale by 1.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,110 shares of the retailer’s stock worth $2,089,000 after buying an additional 23 shares in the last quarter. Finally, United Bank grew its stake in Costco Wholesale by 4.2% in the 2nd quarter. United Bank now owns 5,846 shares of the retailer’s stock worth $5,787,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COST. Truist Financial raised their price objective on shares of Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Mizuho upped their target price on shares of Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Telsey Advisory Group increased their target price on Costco Wholesale from $1,100.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Costco Wholesale in a research report on Monday, December 29th. Finally, HSBC dropped their price target on Costco Wholesale from $1,060.00 to $1,045.00 and set a “hold” rating for the company in a research note on Friday, December 12th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,039.13.

Insider Activity

In other news, EVP Teresa A. Jones sold 850 shares of Costco Wholesale stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $986.26, for a total value of $838,321.00. Following the transaction, the executive vice president owned 4,228 shares in the company, valued at approximately $4,169,907.28. The trade was a 16.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $916.32, for a total value of $1,374,480.00. Following the completion of the sale, the executive vice president directly owned 8,240 shares of the company’s stock, valued at approximately $7,550,476.80. This trade represents a 15.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,645 shares of company stock valued at $7,049,302. Company insiders own 0.10% of the company’s stock.

Costco Wholesale Trading Down 0.5%

Shares of COST opened at $992.15 on Thursday. Costco Wholesale Corporation has a fifty-two week low of $844.06 and a fifty-two week high of $1,067.08. The firm has a market cap of $440.39 billion, a price-to-earnings ratio of 51.59, a PEG ratio of 5.04 and a beta of 1.01. The firm has a 50 day moving average price of $969.62 and a 200-day moving average price of $936.24. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, beating the consensus estimate of $4.55 by $0.03. The company had revenue of $69.60 billion for the quarter, compared to analyst estimates of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.02 EPS. As a group, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, January 30th. Costco Wholesale’s dividend payout ratio (DPR) is 27.04%.

Costco Wholesale News Roundup

Here are the key news stories impacting Costco Wholesale this week:

• Positive Sentiment: BTIG raised its price target to $1,125 (from $1,115) and kept a Buy rating after Costco’s latest quarterly beat, highlighting resilient membership income and traffic that support further upside. BTIG Raises Costco Target
• Positive Sentiment: Multiple bullish commentary pieces note Costco’s continued revenue growth, membership economics and long-term outperformance, supporting investor confidence in secular growth and renewal-driven cash flow. Is Costco Stock a Buy?
• Neutral Sentiment: Daiwa lifted its target to $975 from $917 but kept a Neutral rating, signaling slightly improved analyst expectations without changing the stance. Daiwa Adjusts Price Target
• Neutral Sentiment: Truist raised its price target to $977 (from $926) but reiterated a Hold, citing solid results offset by slower membership growth — a mixed signal for near-term upside. Truist Lifts PT
• Neutral Sentiment: Several consumer/ETF stories point to warehouse clubs and discount-retailer ETFs (which include COST) as beneficiaries if shoppers shift to value — supportive demand narrative but indirect for Costco’s stock. 3 ETFs That Could Benefit
• Negative Sentiment: A proposed nationwide class action alleges Costco didn’t pass through refunds to customers after import tariffs were struck down, creating potential litigation exposure and reputational risk. Customers Sue Over Tariff Refunds
• Negative Sentiment: Rising gas prices and supply-chain strains are flagged as a potential margin pressure point for Costco’s low-price model — a near-term headwind if fuel-driven costs force price or margin trade-offs. Gas Prices Could Hurt Costco
• Negative Sentiment: An EVP sold 730 shares (disclosed in an SEC Form 4), a relatively small insider trim but often interpreted negatively by short-term traders. SEC Filing: Insider Sale
• Neutral Sentiment: Recent short-interest reports show anomalous zero/NaN figures (data issue); no clear evidence of a material increase in short interest to explain today’s move.

About Costco Wholesale

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.