Mon, May 28, 2012, 7:04 PM EDT - U.S. Markets closed for Memorial Day

Warren Buffett's Berkshire Hathaway Hikes DIRECTV Stake By $738M, Cuts J&J By $545M

RELATED QUOTES

SymbolPriceChange
DTV46.400.03
WFC31.860.05
JNJ62.51-0.59
LMCA84.440.42
DVA81.76-0.26

Warren Buffett's Berkshire Hathaway reports today it owned 20.3 million shares of DIRECTV as of December 31, the end of the fourth quarter. That's up 379 percent from the 4.2 million it reported owning as of the end of Q3. Berkshire also reports a sizable decrease in its Johnson & Johnson stake. It fell by 8.4 million shares, or 23 percent. That cut stake would be worth $544.6 million at today's close.

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52 comments

  • buckwheat  •  Sacramento, California  •  3 months ago
    I canceled DireccTV the day i heard this pukephuk loser just added a bunch more stocks of Direct a couple of weeks ago. Xfinity was cheaper and just as good anyways. Cancel your DirectTV and give good ole Warny a bad 2012.
  • Average Joe  •  3 months ago
    My DirecTV bill just had an increase of over 6%. Hmmmm.
    • oscar 3 months ago
      Wait till that second year kicks in.
  • artsness  •  3 months ago
    while im obviously not a rocket scientist (mostly because i'm reading these comments) i implore the vast majority here: please read an economics book, understand a balance sheet (and hopefully an income statement too), learn about financial markets, read a Buffett book or two, study some tax policy, all before commenting here. how can we as US citizens wonder why we are non competitve in the global economy when we display our idiocy openly and our lack of value wantonly
    • artsness 3 months ago
      im a fan of 1 and not the other. i understand perfectly, thats why i made the suggestion above. the daily news? unfortunately this is the source for most. try reading something substantive.
    • Holdyourhorses 3 months ago
      Buffett lost me when he started stumping for Obama and the buffett rule when he sends his lawyers to fight the IRS over his taxes while claiming he wants to pay his fair share...and when he uses his secretary (the wealthy one) as part off the 99% for oblamers state of the ruin speech. Do you believe lower rates in a progressive ladder and no loopholes would generate more revenue or less? Do you believe everybody above the poverty line should pay something no matter how small? Do you believe Obamas policies are helping us get out of this mess or driving us further into the debt abyss? Do you believe government can create the jobs we need to get back on track or can only unleash the power of private money to create the jobs? Oh well read one!
    • artsness 3 months ago
      berkshire is a complex financial services company; of course he has lawyers who make sure the IRS only gets what it is entitled to and hence the shareholders are protected. Otherwise you'll have the federal government taking every penny they can to fund programs for the lazy and inefficient.
  • fly  •  Bellevue, Nebraska  •  3 months ago
    Anything else going on today in the world markets besides yours truly......
  • Andy  •  Sunnyvale, California  •  3 months ago
    Reduction in cost for technology (the computing power of an iPad2 would have cost 360 years of average wages in 1982).
  • ROBERT  •  Broken Arrow, Oklahoma  •  3 months ago
    Who gives a sh.t!!
    • Mike 3 months ago
      Hang in there Robert. It will be all better soon.
    • HotOne 3 months ago
      You do. You read the article and commented on it.
    • ROBERT 3 months ago
      Hey HotOne. I never said I read the article. All I said is "Who gives a sh.t" what Warren Buffett thinks. A lot of people feel that way today, not just me. For such things as the Buffett Rule #$%$ strong support for a pinhead anti-business Socialist president like Obama etc etc.
  • J  •  Watervliet, New York  •  3 months ago
    What Americans are slow to accept - if at all - is that w/out a form of the "BUFFETT RULE" being emplaced, there's absolutely 0 - none - nada chance that the US Repub. tax cut disaster won't continue to weaken the nation and the VAST majority of its people.
  • T-Rock  •  3 months ago
    He buys the good stuff from Columbia. No seeds, really smooth
    • Stymied 3 months ago
      You mean Colombia, right? I doubt the Columbia Business School that he went to actually sells what you are referring to unless you know something I don't.
  • Holdyourhorses  •  Chattanooga, Tennessee  •  3 months ago
    Is that old blow hard still on his obama meds-I wish I was his secretary-the highest paid secretary in the world and part of the one percent-look it up folks! Simplify the tax code, get rid of loopholes for all and lower all rates and make everybody pay some amount no matter how small. The rich and corporation would pay more than they do today even with a lower rate because the GE of the world would actually have to pay and so would joe blow making 20,000 with 4 kids-even if it's 10 dollars. Buttfit would be paying the highest rate without the loopholes even if was a 25% top rate it would be way more than he pays today and he wouldn't need all those expensive lawyers to fight the IRS. Win, win no class warfare, more government revenue butt and this is a big butt-We've got to cut spending-we've got to take some collective pain to grow our economy and create jobs-we can't bailout failures and we can't afford the Fed kicking the inevitable can down the road to this pain-it only will make it much worse!
    • artsness 3 months ago
      you wouldn't qualify to be his secretaries assistant
  • Shirley  •  Daytona Beach, Florida  •  3 months ago
    He is th only wealthy man that I could respect. Why are you people soooo blind and stupid?
  • patriot001  •  3 months ago
    Warren Buffett is nothing more than a con man and a hypocrite. He cries about how the "rich" don't pay enough taxes, then he structures HIS portfolio to pay the absolute least taxes possible. Not to mention the MANY sweetheart deals he's gotten due to his relationship with Obozo. He loves to talk about his "modest" home and office--failing to mention his $25 million home in Pebble Beach. Phony, lying, hypocrite. No wonder Yahoo loves to talk about him incessantly.
  • Frank  •  3 months ago
    He is still alive? Most of obama supporters died years ago, but still voted.
  • Michael  •  Santa Clara, California  •  3 months ago
    I don't know if others said it already, but to answer the title of this article "What Buffett Has Been Buying" - is simply - "A President", who is in Buffett's pocket - and vice versa.
  • happyinaz  •  Tucson, Arizona  •  3 months ago
    If this man truly believes he's too rich and pays too little taxes, then let him abandon his company and fortune and send a check to the IRS. After all, his buddy Obama said at some point he's made enough money, and that must also apply to his shareholders. Hypocrite.
  • bill  •  3 months ago
    Exackly but Robert beat me to, it the price of a gallon of gasoline and diesel have killied the USA economy so gives a sh.::t about buffet.
  • RaulM  •  Centro, Mexico  •  3 months ago
    As if all the spending and problems in the tax code were the absolute fault of Obama and non other, as if Bush didn't had friends in Wall Street. Those who blame just one president for the US economy disgrace, are shmucks.
  • Joseph  •  Los Angeles, California  •  3 months ago
    Cant that old codger just go away? Im tired of hearing from him.
  • MistaJoe  •  Orlando, Florida  •  3 months ago
    Buffett has been buying windmills. He is such a bag of wind he believes he can generate enough wind power to provide energy for the midwest.
  • Patrick  •  3 months ago
    why would such and old man still be interested in money? unless he has a clone giving him new body parts, it will be GAME OVER soon...
  • Back2Reality  •  St Louis, Missouri  •  3 months ago
    He buys what the corrupt politicians tell him to buy based on insider information. Why else do you think he is kissing Obama's rear so much?
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