Does Warren Buffett own any Costco stock? (2024)

Does Warren Buffett own any Costco stock?

Berkshire Hathaway grew its holdings in the famous retailer from a split-adjusted 710,000 shares worth $32 million at the end of 1999, to 4.3 million shares valued at $1.3 billion in June 2020. Since Buffett sold the company's shares, Costco stock has soared between 88% and 127% to all-time highs.

Why buy Costco stocks?

Costco Wholesale (NASDAQ: COST) has trounced the market over almost any period you can check. It has a differentiated operating model that breeds loyalty and high sales and is resilient during challenging times.

Has Warren Buffet ever sold a stock?

Key Points. Buffett has been selling some stocks in 2023. After first buying Hewlett Packard stock last year, it hasn't panned out as expected. He may have found better ways to put this cash to work.

How many shares did Warren Buffet buy in Coca-Cola?

Warren Buffett acquired 400 Million Coca-Cola shares worth $24.2 Billion. That's 7.03% of their entire equity portfolio (4th largest holding). The investor owns 9.28% of the outstanding Coca-Cola stock. The first Coca-Cola trade was made in Q4 1998.

Why doesn t Warren Buffett split stock?

Key Differences. Buffett insists that the Class A shares will never experience a stock split because he believes the high share price attracts like-minded investors, those focused on long-term profits rather than on short-term price fluctuations.

Is Costco stock a good long-term investment?

Costco could be a good long-term buy -- but at its current multiple, investors are paying for a lot of future earnings growth. If you want to hang on to it for decades, then it could still be a good investment for you.

Is it a good time to buy Costco stock?

Costco has a conensus rating of Moderate Buy which is based on 20 buy ratings, 7 hold ratings and 0 sell ratings. What is Costco's price target? The average price target for Costco is $766.63. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is Warren Buffett's largest stock holding?

Apple is Berkshire's largest public stock holding by far. Berkshire's $155 billion Apple stake is roughly four times larger than its second-largest holding. Buffett first bought Apple shares in the first quarter of 2016, and Apple's stock price is up more than 500% since the beginning of 2016.

What stock does Bill Gates own?

What two stocks did Warren Buffett buy?

American Express and Coca-Cola have been massive winners for Buffett and Berkshire. In his letter written last year, he used them to make an important point: "The weeds wither away in significance as the flowers bloom.

How much of Apple does Warren Buffett own?

Beneficial capital allocation. Berkshire owns a 5.9% stake in Apple thanks to its holding of nearly 916 million shares. This massive position provides a financial windfall.

How much does Warren Buffett get paid from Coca-Cola?

A massive passive income stream

Berkshire currently owns 400 million shares of Coca-Cola. This means that on an annualized basis, Warren Buffett's company generates $736 million in dividend income from the beverage giant. That is a huge passive income stream that likely explains why Buffett isn't exiting the position.

What is Warren Buffett investing in now?

Stocks Warren Buffett recently bought or added

Berkshire has also disclosed some additional buying in the first quarter of 2024. The conglomerate bought more shares of two tracking stocks -- Liberty SiriusXM Series A (LSXMA -0.28%) and Liberty SiriusXM Series C (LSXMK -0.59%) -- and boosted its position in Occidental.

Who will run Berkshire Hathaway after Warren Buffett?

Berkshire Hathaway's Greg Abel. Many investors worry about the future of Berkshire Hathaway after its legendary CEO Warren Buffett is gone, but most of the conglomerate's companies have already made the transition to reporting to the man who will eventually replace the 92-year-old.

What stock has never split?

Chipotle Mexican Grill, Inc.

Its shares are some of the most expensive ones on our list, with one share going for a whopping $2,482. Coupled with the fact that Chipotle Mexican Grill, Inc. (NYSE:CMG) has never had a stock split in history, perhaps 2024 will see the shares cost less than a MacBook.

Does Warren Buffett buy stocks without dividends?

Many wise investors believe that dividends are the key to long-term investing success. Warren Buffett certainly fits into that category. He doesn't make big bets on which way a stock will move over the next quarter or even the next year. Instead, he focuses on quality companies sustaining dividends.

Does Costco have a future?

Of course, Costco is going to have a much larger number of stores in the future. In the last 10 years, the store count expanded at a compound annual rate of 3%. Management opened 23 net new locations in fiscal 2023, with plans to open 31 in the current fiscal year.

Who has the most shares in Costco?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Fmr Llc, Morgan Stanley, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Bank Of America Corp /de/ .

Who has the most stock in Costco?

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.

Is Costco stock overvalued or undervalued?

Key Points. Stock valuations can be subjective, but shares of Costco appear to be objectively overvalued. The retail giant has a great business model that has delighted both customers and shareholders. But BJ's Wholesale Club offers investors the same model -- and at a more reasonable valuation.

How high can Costco stock go?

BMO Capital reiterated its bullish overall rating on Costco's stock while boosting the target share price to $800 from $770. Hitting that number would mean a further 9% appreciation for Costco shares over the next 12 months or so, which have rallied nearly 56% in the past year.

Why is Costco stock dropping so much?

Shares of membership-only discount retailer Costco (NASDAQ:COST) fell 7.7% in the afternoon session after the company reported fourth-quarter results with revenue falling short of analysts' expectations. Free cash flow also underwhelmed during the quarter with the company recording a significant amount of cash burn.

What is Warren Buffett's favorite stock?

Top Warren Buffett Stocks By Size

Apple (AAPL), 905.6 million. Coca-Cola (KO), 400 million. Kraft Heinz (KHC), 325.6 million. Occidental Petroleum (OXY), 248.1 million.

What is Warren Buffett's top investing rule?

“Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.” Buffett's point sounds simple here, but it's disarmingly complex. Of course, as an investor you're trying to profit in the market, but one of the best ways to do that is by avoiding loss.

What does Warren Buffett drive?

Buffett's current vehicle, the 2014 Cadillac XTS that he has owned for approximately ten years, is a testament to his reputation for frugality. Despite his ability to afford any luxury car, Buffett drives a vehicle far from the flashy exotic cars one might associate with a billionaire.