Top 5 Stock Picks of Billionaire Richard Chilton

In this article, we discuss the top 5 stock picks of billionaire Richard Chilton. If you want to see more stocks in this selection, click Top 10 Stock Picks of Billionaire Richard Chilton. 

5. Costco Wholesale Corporation (NASDAQ:COST)

Chilton Investment Company’s Stake Value: $241,484,000

Percentage of Chilton Investment Company’s 13F Portfolio: 5.07%

Number of Hedge Fund Holders: 57

Costco Wholesale Corporation (NASDAQ:COST) is an American multinational big-box retailer, offering branded and private-label merchandise products. Billionaire Richard Chilton’s Chilton Investment Company owns 425,373 shares of Costco Wholesale Corporation (NASDAQ:COST), worth $241.4 million, representing 5.07% of the total 13F securities. 

On March 3, Costco Wholesale Corporation (NASDAQ:COST) reported earnings for the quarter ending February 2022. The company announced an EPS of $2.92 and a revenue of $51.90 billion, above consensus estimates by $0.18 and $395.81 million respectively. 

Tigress Financial analyst Ivan Feinseth on April 14 raised the price target on Costco Wholesale Corporation (NASDAQ:COST) to $678 from $520 and reiterated a Buy recommendation on the shares. The analyst noted that Costco Wholesale Corporation (NASDAQ:COST) continues to experience robust consumer demand and membership growth. 

According to the Q4 database of Insider Monkey, Costco Wholesale Corporation (NASDAQ:COST) was found in the public stock portfolios of 57 hedge funds, compared to 55 funds in the prior quarter. Ken Fisher’s Fisher Asset Management is the leading shareholder of the company, with more than 4 million shares worth $2.3 billion. 

Here is what ClearBridge Investments Sustainability Leaders Strategy has to say about Costco Wholesale Corporation (NASDAQ:COST) in its Q4 2021 investor letter:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco, which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”