3 Buffett Stocks to Buy More of in February
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) really scaled back its stock buying in the fourth quarter of 2022. According to the company's recent 13F filing with the Securities and Exchange Commission (SEC), Berkshire limited its position additions to just four stocks, Apple, Louisiana-Pacific, Occidental Petroleum, and Paramount Global (NASDAQ: PARA).
These transactions occurred sometime between Oct. 1 and Dec. 31 of 2022. So they don't really reflect the stocks that Buffett and Berkshire are making purchases in this month. Investors won't know until May what Berkshire is buying right now. But if I could offer suggestions, the following three stocks would be Buffett stocks that should become larger holdings in the company's portfolio by the time of the company's next 13F filing.
Paramount Global is a conglomerate that owns a TV network, numerous cable channels, a major movie studio, a streaming service, and several other entertainment-related properties. Admittedly, streaming services from Netflix and Walt Disney overshadow Paramount+ when it comes to subscriber totals. And its ownership of CBS places it in the center of the transition from traditional television to streaming and has potential effects on overall growth. The TV media segment, which made up 72% of the company's revenue in 2022, declined by 4% year over year.
Source Fool.com
