Warren Buffett Is Selling Shares of This High-Yield Dividend Stock and, Likely, Buying Shares of His Favorite Stock (No, Not Apple!)
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has a knack for making his long-term shareholders notably richer. Since becoming CEO in 1965, the Oracle of Omaha, as he's affably known, has overseen a greater than 4,400,000% return in his company's Class A shares (BRK.A). This works out to a nearly 20% annualized return over 58 years.
Even though Buffett is wrong from time to time, mirroring his buying and selling activity has been profitable for over half a century. Between required quarterly 13F filings with the Securities and Exchange Commission (SEC) and SEC filings for select larger holdings, riding Buffett's coattails is easier than ever.
Based on recent SEC filings, investors have learned that Buffett is selling shares of one of his prized high-yield dividend stocks. At the same time, he's probably continuing to buy shares of his favorite stock -- and no, I'm not talking about tech behemoth Apple (NASDAQ: AAPL).
Source Fool.com
Berkshire Hathaway Inc. A Stock
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With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
