Mackenzie Financial Corp Boosts Stock Position in Costco Wholesale Corporation $COST

Key Points

• Mackenzie Financial Corp raised its stake in Costco by 3.5% in Q3, buying 5,813 shares to hold 172,211 shares worth about $159,404,000 per its latest 13F filing.
• Costco recently beat quarterly estimates (EPS $4.58 vs. $4.55; revenue $69.60B, up 9.2% YoY) and enjoys generally bullish analyst coverage with an average price target near $1,039.13 and a market cap of about $440.4B.
• Near-term risks include a proposed nationwide class action over tariff refunds, rising gas and supply‑chain pressures that could squeeze margins, and recent insider selling that may concern short‑term traders.

Mackenzie Financial Corp raised its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,211 shares of the retailer's stock after purchasing an additional 5,813 shares during the quarter. Mackenzie Financial Corp's holdings in Costco Wholesale were worth $159,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hobbs Wealth Management LLC increased its holdings in Costco Wholesale by 4.4% during the second quarter. Hobbs Wealth Management LLC now owns 262 shares of the retailer's stock worth $259,000 after buying an additional 11 shares during the last quarter. Busey Bank boosted its stake in Costco Wholesale by 0.4% in the third quarter. Busey Bank now owns 2,651 shares of the retailer's stock valued at $2,454,000 after acquiring an additional 11 shares during the last quarter. Pasadena Private Wealth LLC boosted its stake in Costco Wholesale by 0.8% in the third quarter. Pasadena Private Wealth LLC now owns 1,403 shares of the retailer's stock valued at $1,299,000 after acquiring an additional 11 shares during the last quarter. Tandem Investment Partners LLC grew its position in shares of Costco Wholesale by 1.1% during the 3rd quarter. Tandem Investment Partners LLC now owns 990 shares of the retailer's stock valued at $916,000 after acquiring an additional 11 shares during the period. Finally, Optima Capital LLC increased its stake in shares of Costco Wholesale by 0.9% during the 3rd quarter. Optima Capital LLC now owns 1,192 shares of the retailer's stock worth $1,104,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Costco Wholesale

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.

Costco Wholesale Stock Performance

Shares of COST stock opened at $992.15 on Thursday. The firm's 50 day moving average is $969.62 and its 200 day moving average is $936.24. The stock has a market capitalization of $440.39 billion, a P/E ratio of 51.59, a PEG ratio of 5.04 and a beta of 1.01. Costco Wholesale Corporation has a 12 month low of $844.06 and a 12 month high of $1,067.08. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The retailer reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $4.55 by $0.03. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The business had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. During the same period in the previous year, the business earned $4.02 EPS. Costco Wholesale's revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale's payout ratio is 27.04%.

Insider Buying and Selling

In other Costco Wholesale news, EVP James C. Klauer sold 1,500 shares of the firm's stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total value of $1,408,500.00. Following the completion of the transaction, the executive vice president owned 44,837 shares in the company, valued at $42,101,943. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Javier Polit sold 2,049 shares of Costco Wholesale stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $867.21, for a total value of $1,776,913.29. Following the transaction, the executive vice president directly owned 10,748 shares of the company's stock, valued at $9,320,773.08. The trade was a 16.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,645 shares of company stock valued at $7,049,302 in the last 90 days. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research reports. TD Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a report on Friday, March 6th. Sanford C. Bernstein reissued an "outperform" rating and set a $1,155.00 price objective on shares of Costco Wholesale in a report on Monday, February 9th. The Goldman Sachs Group decreased their target price on Costco Wholesale from $1,171.00 to $1,088.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Robert W. Baird set a $1,100.00 target price on Costco Wholesale in a research note on Thursday, February 5th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, March 6th. Twenty-two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,039.13.

Costco Wholesale Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.