3 Value Stocks to Buy as Berkshire Hathaway Hits an All-Time High on Warren Buffett's Birthday
Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stock price hit an all-time high on Aug. 30 -- Warren Buffett's 94th birthday -- before proceeding to rise even higher on Sept. 3 despite a 2.1% sell-off in the S 500. The shares of the giant conglomerate are now up more than 27% year to date, outperforming both the S 500 and Nasdaq Composite by a wide margin.
Its portfolio managers have been on something of a selling spree lately -- making a large reduction in its Apple stake earlier this year and trimming its Bank of America position by 14.5% since mid-July.
However, Berkshire has maintained a sizable holding in oil and natural gas exploration and production company Occidental Petroleum (NYSE: OXY), owns American Express, Visa, and Mastercard (NYSE: MA), and initiated a position in Ulta Beauty (NASDAQ: ULTA) earlier this summer.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 3.26% for Berkshire Hathaway Inc. A compared to the current price of 629500.0 €.
