|Bid||13.30 x 800|
|Ask||13.51 x 900|
|Day's Range||13.41 - 13.60|
|52 Week Range||11.70 - 14.67|
|Beta (3Y Monthly)||-0.01|
|PE Ratio (TTM)||59.82|
|Forward Dividend & Yield||0.53 (3.95%)|
|1y Target Est||N/A|
Editor's note: This story was previously published in March 2019. It has since been updated and republished.Things aren't getting any better for Kraft Heinz (NYSE:KHC). The company's woes started earlier this year with disappointing earnings, lower revenues, a 36% dividend cut and pending asset sales.At the time, Buffett's decision to get in bed with 3G Capital is looked merely like a poor one. It is one that continues to cost Berkshire Hathaway (NYSE:BRK.B) plenty of coin as KHC stock implodes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Strong Buy Stocks That Tick All the Boxes But as the market focused on Buffett's blunder, the Oracle of Omaha was buying stocks, plenty of them. The reality is that many of his new positions and buys of old favorites were incredibly smart and make up for the misstep at KHC. It's here that Buffett's brilliance as America's favorite value investor shines through. By following Buffett's moves into these picks, investors should get a hefty dose of dividends and gains for years to come.With that, here are five Warren Buffett buys that worth buying yourself.Source: Shutterstock PNC Financial (PNC)It's no secret that Warren Buffett is attracted to stocks in the financial and banking sector. Berkshire Hathaway is the top shareholder in numerous finical institutions and it can add PNC Financial (NYSE:PNC) to that list. Over the last quarter, Buffett & Co. increased his stake in PNC by about 35% and now owns over 8.2 million shares.And it's easy to see why Buffett is in love with PNC.PNC is considered a super-regional bank and operates a huge network of locations across the northeast and Midwest. That huge size and scope came not only from organic growth, but several smart buys of smaller struggling rivals during the recession.Because of this, PNC has continued to see its assets, deposits and loan growth steadily increase. Moreover, the bank is run very conservatively and features low loan losses and fortress-like balance sheet.Management at PNC has also been very smart in other ways as well. The bank has embraced technology throughout its customer system and the firm leads the way in app development, mobile banking and wealth management. And the firm saw the ETF writing on the wall early and holds a huge stake in asset manager BlackRock (NYSE:BLK).With all of this, PNC has continued to reward shareholders. Last year, PNC purchased more than $2.8 billion in stock and handed out more than $1.6 billion in dividends. It's no wonder why Buffett continued to add the regional bank last quarter.Source: Nancy
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Florida Municipal 2020 Term Trust declared its June and July distribution early.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock New York Municipal Income Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
is expected to report earnings of $4.30 a share on sales of $7.5 billion before the market opens on Wednesday, Jan. 16, based on a FactSet survey of 23 analysts. Goldman Sachs Group is currently trading at a price-to-forward-earnings ratio of 7.5 based on the 12-month estimates of 27 analysts surveyed by FactSet. Wednesday is a busy day for bank earnings with results due from PNC Financial Services Group Inc.
is expected to report earnings of 63 cents a share on sales of $22.3 billion before the market opens on Wednesday, Jan. 16, based on a FactSet survey of 25 analysts. Quarterly estimates have fallen 1.8 cents a share in the past month. Bank of America is currently trading at a price-to-forward-earnings ratio of 9.4 based on the 12-month estimates of 29 analysts surveyed by FactSet.
The BlackRock registered closed-end funds (each a "Fund" and collectively, the "Funds") announced today that Henry Gabbay will become an independent director/trustee of each Fund on January 1, 2019. Mr. Gabbay is a director/trustee of certain BlackRock open-end funds. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of the below BlackRock municipal closed-end funds have authorized open market share repurchase programs pursuant to which each Fund may repurchase up to 5% of its outstanding common shares in open market transactions through November 30, 2019.
Replay information is now available for BlackRock’s fixed income outlook & tax loss strategies closed-end fund conference call that was held on Wednesday, October 17th. To coincide with the call, BlackRock has published a market insights piece that highlights BlackRock’s views on closed-end fund tax loss selling strategies heading into year-end.
BlackRock will host a fixed income outlook & tax loss strategies closed-end fund conference call on Wednesday, October 17th at 4:15pm ET.