Warren Buffett Bought $9.2 Billion of This Stock Last Year, but He's Suddenly No Longer Interested
A lot has been made of Warren Buffett's recent decisions to sell portions of Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) top equity holdings. The Oracle of Omaha made his biggest stock sale in the history of Berkshire Hathaway when he cut the company's stake in Apple in half last quarter. More recently, he's been selling billions of dollars' worth of Bank of America stock.
Both moves represent major shifts for Buffett that investors shouldn't ignore. But while Buffett has been a net seller of stock for seven straight quarters, he's consistently purchased one particular stock with the sales proceeds and the cash generated by Berkshire's core operations.
The $9.2 billion he spent buying shares last year made it his largest stock purchase for the company among all of his investment options. He continued buying the stock in the first quarter, adding $2.6 billion in purchases. But last quarter, Buffett spent just $356 million buying the stock, and completely avoided it in June.
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 6.64% for Berkshire Hathaway Inc. A compared to the current price of 609500.0 €.
