Buffett Is Selling Apple Stock. The Reason Why Is Eye-Opening.
Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) have been nearly synonymous with Apple (NASDAQ: AAPL) since taking a position in the stock in 2014. The investment (and all the stock they bought along the way) turned out to be smart and made Berkshire a substantial profit.
However, Berkshire has started to sell Apple stock despite voicing its belief in the business. At one point, Apple made up more than half of Berkshire's investment portfolio; now, it has retreated to less than 40%.
So why is Berkshire reducing its stake in one of Buffett's favorite companies? The answer may surprise you.
Source Fool.com
Berkshire Hathaway Inc. A Aktie
605.500 €
-1,30 %
Leichtes Buy-Überwiegen bei Berkshire Hathaway Inc. A im Vergleich zu Sell-Einschätzungen.
Das Kursziel von 650000 € für Berkshire Hathaway Inc. A weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 605500.0 € hin.
