Retail Sector Ideas

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>>> Costco Wholesale Corporation (NASDAQ: COST)


Ray Dalio - >>> 10 Best Growth Stocks To Buy Now According To Ray Dalio


Yahoo Finance

Sorina Solonaru

November 26, 2020


https://finance.yahoo.com/news/10-best-growth-stocks-buy-220447261.html


Fifth in the list of the best growth stocks bought by Ray Dalio’s Bridgewater Associates is the American multinational Costco Wholesale Corporation (NASDAQ: COST). The fund purchased 218,662 COST shares worth $77.63 million at the end of September. 61 hedge funds were long in the stock at the end of Q2, down by 10% compared to the first quarter.

Costco is trading at a trailing P/E ratio of 43, according to Yahoo Finance, and the company’s latest e-commerce revenues figure is $26.05 billion. The biggest positions in the stock belong to Berkshire Hathaway and Fisher Asset Management, worth $1313.9 million and $995.4 million, respectively at the end of Q3. Saturna Capital Corporation, the investment management company of Sextant Mutual Funds, stated the following about COST in its Q1 2020 Investor Letter:

“For those not signed up for Amazon Prime, there’s still Costco, another firm in an enviable position when consumers are stocking for hard times.”

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