299,000.00 0.00 (0.00%)
After hours: 4:05PM EDT
|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||298,205.00 - 303,549.00|
|52 Week Range||256,540.00 - 326,350.00|
|PE Ratio (TTM)||12.37|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||352,875.00|
said Tuesday that the company will no longer adhere to an old rule about buying back company stock and instead can make purchases whenever Berkshire chairman Warren Buffett and vice chairman Charlie Munger determine the price is below the company's intrinsic value, according to a filing with the Securities and Exchange Commission. The last time Berkshire, which owns companies ranging from Geico to Dairy Queen and numerous other businesses, bought its own stock was in December 2012. Under the old rule, Berkshire could not pay more than 20% above Berkshire's book value per share.
Berkshire Hathaway Berkshire raises repurchase threshold to 1.2 times book value from 1.1 times; sees the best trading day in seven years boosting these ETFs.
As a student at Harvard Business School, Tracy Britt Cool, 34, was given an assignment that asked her to imagine where she'd be in 10 years. According to the Wall Street Journal , when Cool, a Kansas native, arrived for her interview with Buffett, who is from Nebraska, she brought the investor a “bushel of corn and a batch of tomatoes” from her family’s farm.
Muru Murugappan spends his time thinking about blockchain, artificial intelligence and Internet of Things – and, more importantly, what is the best way to utilize these technologies at a company that's almost as old as Texas itself.
Berkshire Hathaway's stock price jumped more than 5 percent Wednesday after it eased restrictions on buying back its own shares. The Omaha, Nebraska, conglomerate led by Warren Buffett said that after it posts earnings on Aug. 3, it will begin allowing Buffett to buy stock at prices up to what the company determines is the shares' intrinsic value. Since 2012, Berkshire has restricted buybacks to prices below 120 percent of the stock's book value, which is an estimate of the company's value after liabilities are subtracted from assets.
Financial stocks were the winners on U.S. markets Wednesday after Morgan Stanley (NYSE:MS) became the latest bank to report impressive earnings and Berkshire Hathaway (NYSE:BRKa) loosened its policy on share buybacks.
Warren Buffett just can’t stop making money, even in a week where he gave $3.4 billion to charity.The Berkshire Hathaway Inc. chairman added $4 billion to his fortune Wednesday after the conglomerate removed a cap on stock buybacks.
From earnings news to a surprise move from the world's greatest investor, see why shares of these three businesses soared.
Stocks that moved substantially or traded heavily on Wednesday: CSX Corp., up $4.56 to $69 The railroad's profit surpassed Wall Street estimates as it continue to cut costs and improve its operations. ...
Berkshire announced a change to its policy regarding share purchases, effectively lifting the cap at which the company would be able to purchase shares. It is a bullish sign that Buffett sees Berkshire as undervalued but also recognition that it has been difficult to find companies to buy using his enormous cash hoard. Buffett famously said a few years back that he was going "elephant hunting" to find big takeover targets to put Berkshire's cash to work.
By Jonathan Stempel and Trevor Hunnicutt (Reuters) - Berkshire Hathaway Inc (BRKa.N) shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom ...
Berkshire Hathaway Inc shares rallied on Wednesday after the conglomerate's board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks and whittle down a $108.6 billion ...
Class A shares of Berkshire gained $10,305, or 3.6 percent, to $298,805 in morning trading, while Class B shares rose $7.47, or 3.9 percent, to $197.88 on the New York Stock Exchange. Berkshire's old buyback policy prohibited buybacks when the stock price exceeded 1.2 times book value per share, or assets minus liabilities.
Jeff Bezos is officially the richest person that has ever walked this earth, with his personal fortune eclipsing the wealth amassed by legendary investor Warren Buffet and Microsoft Corp. ( MSFT) co-founder Bill Gates. The founder and chief executive officer (CEO) of global e-commerce behemoth Amazon.com Inc. ( AMZN) is responsible for running a platform that accounted for 4% of all U.S. retail sales in 2017 and a whopping 44% of digital spending. As digitalization reshapes human behavior and the cloud computing revolution does the same to enterprise, the leader in online retail, with its high-flying cloud computing platform Amazon Web Services (AWS) is only forecasted to propel higher—spelling more good news for its CEO.
Berkshire Hathaway class A shares (ticker:ticker::BRK.A) are up 5.4% today, to $304,000, as investors react favorably to the company’s announcement Tuesday to scrap its current cap on share repurchases, paving the way for what could be sizable buybacks. The Berkshire class B shares (BRK.B) are up about 5.6% at $201.15. The stock, which now is up about 1% this year, could extend its gains as investors anticipate a moderate level of share buybacks once the company can begin implementing the new policy after its second quarter earnings release scheduled for Aug. 3.
Warren Buffett, chairman, president, and chief executive of Berkshire Hathaway (BRK.A), disclosed that on Monday he converted 11,867 class A shares of Berkshire into 17.8 million class B shares and donated ...
Berkshire Hathaway Inc. (BRK.A, BRK.B) is a multibillion-dollar holding company led by Warren Buffett. Berkshire Hathaway shareholders have been rewarded mightily throughout the company's history with shares often trading at over $300,000. Today, Berkshire's top shareholders include some of the world's largest asset managers and pension systems.
Berkshire Hathaway Inc. ( BRK.B) has granted its top employees more flexibility to spend cash on repurchasing shares. In a press release, the Omaha, Nebraska-based conglomerate confirmed that previous restrictions have now been lifted, paving the way for CEO Warren Buffett and Vice Chairman Charlie Munger to authorize buybacks when both of them believe that the repurchase price is “below Berkshire’s intrinsic value.” Under the old policy, executives at the company were only permitted to buy back shares when the price for the stock did not exceed a 120% premium of the book value. Investors, who had been putting the company under pressure to deploy its $108 billion-plus of cash and equivalents, responded to the announcement by sending Berkshire’s Class B shares up 1.89% in pre-market trading.
Berkshire's old policy said repurchase prices would not exceed 1.2 times book value per share, or assets minus liabilities. The new policy is a major change for Berkshire, where Buffett has faced pressure to deploy more than $108 billion of cash and equivalents.