Does Warren Buffett own Costco shares?
Investing guru Warren Buffett may be a living legend, but he's as human as any of us and has admitted to making mistakes. His holding company Berkshire Hathaway (BRK. A 0.20%) (BRK. B 0.15%) sold off its shares of retail giant Costco Wholesale (COST -1.12%) in the 2020 third quarter, about a year and a half ago.
and Costco. Berkshire's stake in the company held at 4.3 million shares worth around $1.3 billion before the pandemic.
- Apple (AAPL) – $159.1 billion.
- Bank of America (BAC) – $42.6 billion.
- American Express (AXP) – $28.4 billion.
- Chevron (CVX) – $25.9 billion.
The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.
Mr. Munger owns over 6,734 units of Costco Wholesale Corp stock worth over $82,366,717 and over the last 18 years he sold COST stock worth over $0. In addition, he makes $308,074 as Independent Director at Costco Wholesale Corp.
Its price has increased at a faster rate than its earnings, and its P/E ratio has steadily increased to 45, where it is today. Costco stock may be worth some premium, but Buffett may have decided that at that price, it's no longer undervalued relative to its future earnings or cash flow generation.
Analysts expect Costco's revenue and earnings per share to rise by 15% and 16%, respectively, in fiscal 2022. Next fiscal year, they expect its revenue to grow 8% and earnings per share to increase 10%. That would be impressive growth, but Costco's stock already trades at more than 30 times next year's earnings.
Based on the company's mid-May 13F filing, as well as other SEC filings, Buffett has overseen the purchase of the following 16 stocks since 2022 began: HP (HPQ -2.87%): 120,952,818 shares. Chevron (CVX 1.30%): 120,933,081. Paramount Global (PARA -2.06%): 68,947,760.
At the end of last year, Berkshire Hathaway owned 30.2 million shares of McDonald's, which it purchased at an average cost of $41.96 a share. That gave Berkshire Hathaway a 4.3 percent stake in the fast-food chain.
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Does Bill Gates have shares in Costco?
Bill Gates Foundation sold out his holdings in Costco Wholesale Corporation.
Bill Gates Sr., the 89-year-old father of the Microsoft co-founder, has resigned voluntarily from his position on the Costco Wholesale Corp. board, according to a regulatory filing from the Issaquah, Wash.
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2021.
| Name | Equities | % |
|---|---|---|
| Bill & Melinda Gates Foundation Trust (Investment Management) | 6,128,000 | 1.38% |
Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club).
Despite having several locations in Shanghai and selling products produced in China, Costco is not a Chinese company. Costco is headquartered in Issaquah, Washington, and was founded in Seattle. Costco is a publicly traded American company.
James D. "Jim" Sinegal (born January 1, 1936) is an American retired billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.
The analyst also sees Costco as having a strong competitive position, which should enable it to continue to gain market share. Parikh is ranked at No. 352 out of about 8,000 analysts in the TipRanks database. The analyst has been accurate 62% of the time in his stock ratings, with an average return of 10.5% per rating.
Costco's annual membership fee generated $3.9 billion in 2021, almost 80% of its profit that year.
Costco's shares outstanding have remained fairly constant for over a decade. Costco has a current yield of 0.74%. The payout ratio is a hair over 26%, and the five-year dividend growth rate is 12.07%. During the last earnings call, the CFO hinted that management is considering paying a special dividend.
The short answer is no. For one thing, the company has made no such announcement -- and there's no telling if it will. In addition, Costco is trading at a price-to-earnings ratio of 39 and a price-to-free-cash-flow multiple of 36; each is at the higher end of its historical average in these valuation metrics.
What is wrong with Costco stock?
There are also concerns that Costco's shares are overvalued. Even factoring in the latest share price drop, Costco is still trading at a price-to-earnings ratio of 34.6, which is nearly twice that of the S&P 500, making it one of the more expensive retail companies with brick-and-mortar stores (via The Motley Fool).
Monster Beverage has been an under-the-radar home run investment since its August 1995 initial public offering. In 27 years, Monster has generated a total return of 260,061%, making it the best-performing S&P 500 stock of the past three decades.
Berkshire Hathaway only owns 2% of Snowflake's shares outstanding. It's important to note, too, that Apple shares are down nearly 16% this year, or worse than the S&P 500.
The portfolio's five largest positions are Apple Inc. (AAPL), Bank of America Corp (BAC), American Express Company (AXP), Chevron, and The Coca-Cola Company (KO). Apple is Berkshire's largest holding, accounting for nearly 41% of its stocks portfolio. The top 5 holdings account for nearly 70% of the portfolio.
World's third richest person Warren Buffet's Berkshire Hathaway has sold its last Walmart shares, ending a relationship of over 20 years. The world's largest retailer was once among Berkshire's five biggest equity holdings as recently as 2014, valued at over $5 billion.
You may or may not know that legendary investor Warren Buffett has a stake in Amazon (AMZN -1.24%) through his holding company Berkshire Hathaway (BRK. A -0.59%) (BRK. B -0.29%).
Warren Buffett AT&T, Inc.
Warren Buffett started to build up the position in AT&T in Q3 2015. Since then they sold 59.3 Million shares. The investor completely sold their stake between Q4 2015 and Q1 2016.
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| Stock | Number of Shares Owned | Value of Stake |
|---|---|---|
| Bank of America (NYSE:BAC) | 1,032,852,006 | $44.9 billion |
| American Express (NYSE:AXP) | 151,610,700 | $29.2 billion |
| Coca-Cola (NYSE:KO) | 400,000,000 | $24.8 billion |
| Kraft Heinz (NASDAQ:KHC) | 325,634,818 | $12.8 billion |
Bill Gates' Surprising Connection To McDonald's Fries - YouTube
Why did Costco share price drop?
Target's earnings miss smacked all of retail. Costco Wholesale Corporation (NASDAQ:COST) was one of the retail stocks hit hard when Target's earnings report and guidance cut created more ripples of worry from investors over the impact of high costs and a potential slowdown in consumer discretionary spending.
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Costco Wholesale shares at a glance.
| Open | $537.24 |
|---|---|
| Volume more info button | 1,654,430 |
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Craig Jelinek Net Worth.
| Net Worth: | $100 Million |
|---|---|
| Place of Birth: | California, U.S. |
| Profession: | Businessman |
| Nationality: | American |
The average Costco VP of Sales earns an estimated $305,024 annually, which includes an estimated base salary of $196,629 with a $108,395 bonus. Costco's VP of Sales compensation is $6,687 more than the US average for a VP of Sales. VP of Sales salaries at Costco can range from $125,467 - $700,000.
| Name And Title | Total Compensation |
|---|---|
| W. Craig Jelinek President and Chief Executive Officer | Total Compensation $8,595,381 View details |
| James P. Murphy Executive Vice President, COO-International Division | Total Compensation $4,515,693 View details |
Costco, as a brand, was built on helping customers manage their spending, hence the name Costco, or rather, 'Cost Company'. And it was Costco's focus on decimating the cost of a product that made the company unique and elevated it to where it stands today.
Bill Gates Walt Disney Co (The)
Since then Bill Gates bought shares three more times and sold shares on five occasions. The investor sold all their shares in Q4 2008 and doesn't own any shares in Walt Disney Co (The) anymore.
2.25% of the 79,000 million dollars in Apple shares belonging to Berkshire Hathaway is owned by Bill and Melinda Gates, which today represents a total of $1.8 billion in Apple holdings. That is, only 0.13% of the total value of Apple is in trust. It's not that it's an outrageous number, far from it.
Key Takeaways. Bill Gates still owns more than 1% of Microsoft's shares, worth around twenty billion dollars. Gates has a lot of his financial investments held by a family office known as Cascade Investments. He also has substantial real estate holdings and an extensive collection of collectibles.
James D. "Jim" Sinegal (born January 1, 1936) is an American retired billionaire businessman who is the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.
What stock does Charlie Munger own?
In Charlie Munger's current portfolio as of 2022-06-30, the top 5 holdings are Bank of America Corp (BAC), Wells Fargo & Co (WFC), Alibaba Group Holding Ltd (BABA), U.S. Bancorp (USB), POSCO Holdings Inc (PKX), not including call and put options.
Buffett runs Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He has promised to donate over 99% of his wealth.
| Number of warehouses: | 835 (as of 8/4/22) |
|---|---|
| Membership Data (as of 5/8/22): | 116.6 million cardholders 64.4 million household |
| Warehouse sizes: | 80,000 to 230,000 square feet (average 146,000 square feet) |
| Annual revenues (FY21 - Ended 8/29/21): | $192 billion |
| Fiscal year end: | Sunday closest to August 31 |
Costco Wholesale Corporation (doing business as Costco Wholesale and also known simply as Costco) is an American multinational corporation which operates a chain of membership-only big-box retail stores (warehouse club).
Comparing the Revenues of Costco and Walmart
In fiscal 2018, the net revenue of the company touched $500 billion for the first time. During fiscal 2020, the net revenue of Walmart was $524 billion of which $35.9 billion was from e-commerce. Coscto's net revenue climbed past $150 billion in fiscal 2019.
According to our data, Costco Wholesale Corporation has a market capitalization of US$160b, and paid its CEO total annual compensation worth US$8.3m over the year to August 2020.
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April 11 (Reuters) - Daily Journal Corp (DJCO. O), the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday said it halved its investment in Chinese e-commerce giant Alibaba Group Holding Ltd .
"Costco is going to be an absolute titan on the internet, because it's got curated products that everybody trusts and huge purchasing power on a limited number of stocking units," Munger said. "So I'm not worried about it."
World's third richest person Warren Buffet's Berkshire Hathaway has sold its last Walmart shares, ending a relationship of over 20 years. The world's largest retailer was once among Berkshire's five biggest equity holdings as recently as 2014, valued at over $5 billion.
What stocks has Buffett bought recently?
Based on the company's mid-May 13F filing, as well as other SEC filings, Buffett has overseen the purchase of the following 16 stocks since 2022 began: HP (HPQ -2.87%): 120,952,818 shares. Chevron (CVX 1.30%): 120,933,081. Paramount Global (PARA -2.06%): 68,947,760.
At the end of last year, Berkshire Hathaway owned 30.2 million shares of McDonald's, which it purchased at an average cost of $41.96 a share. That gave Berkshire Hathaway a 4.3 percent stake in the fast-food chain.
How much does Costco make per day? $18,630,136.99! This is how much Costco members spend on the discounted product deals that Costco offers daily.
UTAH: 1818 S 300 W in Salt Lake City
Salt Lake City is home to the largest Costco warehouse in the world. This location is 235,000 square feet and features a massive Dairy room and full-sized roasting pigs and goats for sale.
While it is in the United States, the busiest Costco is located in Hawaii, on the island of Oahu. The company actually has three stores on the island, but the one in Iwilei easily takes the title as the location that gets the most business.
