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Is Costco Wholesale (COST) A Great Long-Term Investment?

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  • COST

Saturna Capital, an investment management firm, published its "Sextant Funds" third-quarter 2021 investor letter – a copy of which can be downloaded here. The Investor Shares of the Sextant Growth Fund experienced an unremarkable third quarter, slipping -0.34%, compared to the S&P 500 Index gain of 0.58% and the NASDAQ Composite’s -0.22% return. The Sextant International Fund Investor Shares appreciated 4.29% in the third quarter of 2021, compared to a decline of -0.35% for the benchmark MSCI EAFE Index over the same period. The Sextant Global High Income Fund returned 0.09% for the third quarter of 2021, ending the period at $9.2 million in total net assets, with 15.75% in cash and equivalents. The Sextant Core Fund declined -1.27% in the third quarter, trailing the benchmark Dow Jones Moderate Portfolio Index, which declined -0.83% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Saturna Capital Sextant Funds, in its Q3 2021 investor letter, mentioned Costco Wholesale Corporation (NASDAQ: COST) and discussed its stance on the firm. Costco Wholesale Corporation is a Issaquah, Washington-based big-box store company with a $235.5 billion market capitalization. COST delivered a 43.86% return since the beginning of the year, while its 12-month returns are up by 43.54%. The stock closed at $239.4 per share on December 07, 2021.

Here is what Saturna Capital Sextant Funds has to say about Costco Wholesale Corporation in its Q3 2021 investor letter:

"Costco had a rocky start to the year as the vaccine rollout perhaps convinced investors that shopping habits might normalize. Instead, the spread of the Delta variant, combined with contributions from the millions of new members Costco attracted since the beginning of the pandemic, have powered the business and the share price forward since early March."

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Niloo / Shutterstock.com

Based on our calculations, Costco Wholesale Corporation (NASDAQ: COST) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. COST was in 55 hedge fund portfolios at the end of the third quarter of 2021, compared to 54 funds in the previous quarter. Costco Wholesale Corporation (NASDAQ: COST) delivered a 17.93% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.