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 Stock
€605,000
0.500%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 7.44% compared to the current price of 605000.0 € for Berkshire Hathaway Inc. A.
