BRK-B - Berkshire Hathaway Inc.
| Previous Close | 198.31 |
| Open | 200.50 |
| Bid | 199.88 x 800 |
| Ask | 200.03 x 1300 |
| Day's Range | 198.55 - 200.80 |
| 52 Week Range | 186.10 - 224.07 |
| Volume | 4,786,208 |
| Avg. Volume | 3,737,941 |
| Market Cap | 489.957B |
| Beta (3Y Monthly) | 0.89 |
| PE Ratio (TTM) | 0.01 |
| EPS (TTM) | 17,611.19 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 237.33 |
- Yahoo Finance Video
Berkshire Hathaway boosts Amazon, BAC holdings
Warren Buffett is making a big bet on two big names.Amazon and Bank of America. Berkshire Hathaway just revealed that it has boosted its stake in both companies. Yahoo Finance’s Alexis Christoforus and Brian Sozzi discuss.
- GuruFocus.com
Bill Ackman Betting on Berkshire
A review of the guru's investment case Continue reading...
- Motley Fool
3 Top Stocks That Are Cash Cows
Apple, Amazon, and PayPal are swamped in cash and could swamp your portfolio with great returns.
- GuruFocus.com
Julian Robertson Buys 3 Stocks in 2nd Quarter
New positions include David Tepper’s former top holding Micron Technology Continue reading...
- GuruFocus.com
Berkshire's Growing Cash Pile Is a Warning to Investors
Warren Buffett may be keeping his powder dry as economic outlook sours Continue reading...
- GuruFocus.com
Bill Ackman's 2nd-Quarter Letter to Shareholders of Pershing Square Holdings
Discussion of markets and holdings Continue reading...
- GuruFocus.com
Bill Ackman Buys Berkshire, Says Investors Are Undervaluing the Business
The activist investor has decided to invest alongside Buffett Continue reading...
- Benzinga
Jim Cramer Shares His Thoughts On Viacom, Yeti And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Penn National Gaming, Inc (NASDAQ: PENN ) at its current price. He wouldn't sell the stock, but he wouldn't double down either. ...
- Barrons.com
Warren Buffett’s Berkshire Hathaway Is a ‘Misunderstood’ Cash Machine. So Bill Ackman Bought Its Stock
Berkshire Hathaway may be run by the world’s most famous investor, but the company itself is “misunderstood,” Ackman said in a letter to Pershing Square Holdings investors.
- Yahoo Finance
Bill Ackman explains his big bet on Warren Buffett's Berkshire Hathaway
'While Mr. Buffett is best known as a great investor, he should perhaps also be considered the world's greatest insurance company architect and CEO,' says Ackman.
- InvestorPlace
If You Like CSX Stock, Buy Berkshire Hathaway Instead
CSX (NYSE:CSX) reported weak earnings in mid-July. Since then, the CSX stock price has lost more than 17% of its value. Contrarians thinking of buying on the dip might want to protect their downside by opting for Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B).Source: Shutterstock Here's why. The Latest QuarterCSX reported its second quarter of 2019 earnings on July 16.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the top line, CSX had revenues of $3.06 billion, 1% less than a year earlier. This figure was also 2.6% lower than the consensus estimate for the quarter. On the bottom line, CSX increased earnings by 7% in the quarter to $1.08 a share. However, it missed the analyst estimate by 2.7%. * 10 Stocks Under $5 to Buy for Fall Although earnings weren't horrible, it was the cut in guidance for the year that sent investors scurrying for the exits. Initially, CSX expected revenue in 2019 to grow 1% to 2%; it now expects revenues to fall by a similar magnitude.CSX's slowdown isn't unique. Most of its peers reported sluggish volume in the second quarter while also missing analyst expectations. It's clear that the U.S.-China trade war is starting to impact the railroad industry.How's it looking over at Burlington Northern Santa Fe, Berkshire Hathaway's railroad subsidiary?Not much better.In the second quarter, BNSF saw revenues increase marginally from $5.88 billion to $5.89 billion with a 2.2% increase in net income. So, it produced similar results. And it's fair to say it too will deliver weaker results in the next two quarters of fiscal 2019.However, with the economy looking like it's about to go into a slow-down mode, Berkshire makes far more sense as a railroad play thanks in large part to the consistent revenue and earnings generation of its insurance business. The Downside Protection of BRKIn the first six months of 2019, Berkshire's insurance unit generated $17.5 billion, 8% higher than a year earlier. On the bottom line, its pre-tax income was $4.08 billion in the first six months. This was 5.6% lower than the previous year, due to higher underwriting losses and loss adjustment expenses.The profitability of the underwriting segment of its insurance business is dictated by the number and severity of claims in a given quarter or period. Sometimes it's going to go in the company's favor; sometimes it won't.However, in the end, Berkshire Hathaway's insurance business is going to generate billions in profits, a luxury that CSX doesn't have.So, if you believe that things are going to get much dicier heading into 2020, CSX stock is far more vulnerable to a market correction than Berkshire. The Bottom Line on CSX StockMy InvestorPlace colleague Luke Lango recently discussed three reasons why now isn't the time to buy despite the fact the CSX stock price has corrected substantially since announcing its earnings.Paraphrasing Luke's comments, railroad fundamentals are weak and aren't expected to improve anytime soon. Secondly, there's nothing particularly noteworthy that stands out about CSX at the moment. Finally, investors have little interest in taking on any more trade exposure than is humanly possible.Lango believes that the slide in CSX stock over the past month could continue given the lack of interest in railroad stocks. I would have to agree.If you have idle cash and are thinking about putting a little of it into a beaten-down CSX stock, I'd opt to either keep it in cash or do the lesser of two evils and buy Berkshire stock.This way, you get railroad exposure while maintaining a good level of diversification.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post If You Like CSX Stock, Buy Berkshire Hathaway Instead appeared first on InvestorPlace.
- Reuters
UPDATE 1-Ackman eyes more gains for his fund with help of Berkshire, others
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering "high, long-term" returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc will help boost gains. Ackman, writing in a letter to clients one day after announcing in a filing the purchase of roughly $700 million of Berkshire stock, said the conglomerate is misunderstood. Berkshire is cheaper than it should be and has understated its near-term earnings, but future earnings can grow significantly, Ackman said.
- Bloomberg
Ackman Argues Berkshire Will Continue to Grow After Buffett
(Bloomberg) -- Bill Ackman said he invested in Berkshire Hathaway Inc. because he believes it will continue to generate significant returns even after Warren Buffett is no longer running the company.Ackman said in a letter to investors Thursday that he believed the company was trading at one of the widest discounts to its intrinsic value at a time when its subsidiaries are poised to benefit from managerial and organizational changes.“Berkshire is often described in the media as akin to an investment fund, leaving many with the impression that Berkshire’s shareholder returns are dependent on Warren Buffett’s extraordinary stock-picking ability,” Ackman said in the letter. “While this depiction of Berkshire was a better reflection of its reality in its earlier years, it no longer reflects the company’s current reality.”Ackman said Buffett, 88, has designed the company in a way that will allow it to continue to succeed decades after he leaves. He said Berkshire should continue to generate high returns for shareholders even if its earnings from its large cash holdings and marketable securities portfolio are similar to that of the broader market.“While Mr. Buffett has long been one of most high-profile and closely followed investors in the world, we believe that Berkshire Hathaway’s undervaluation is partially explained by the fact that it is one of the least followed and misunderstood mega-cap companies,” Ackman said.$696 Million StakeAckman disclosed his Berkshire holdings in a regulatory filing Wednesday. His Pershing Square Capital Management held 3.51 million Class B shares as of June 30, a stake valued at about $696 million based on Thursday’s closing price. Ackman said Thursday that Berkshire was trading at 12 times his earnings per share estimate over the next year.Buffett has acknowledged the shift that Ackman’s Pershing highlights in its letter. Buffett said in his annual letter to shareholders in February that it was time to abandon the practice of prominently featuring the change in book value because the metric “lost the relevance it once had.” Berkshire, Buffett said, has shifted from a company with assets concentrated in stocks to one holding a wide array of operating businesses.Ackman said Berkshire’s primary asset is the world’s largest insurance business, which he said accounted for about half of its intrinsic value. That business, which includes Geico, has benefited from its scale, and has been able to grow at a higher rate and lower cost than its competitors. For more than a decade, Buffett has grown the float of the business on average by 8% a year, while achieving a negative 2% average cost of the float due to its profitable underwriting, according to Ackman.Greatest ‘Architect’“While Mr. Buffett is best known as a great investor, he should perhaps also be considered the world’s greatest insurance company architect and CEO because the returns Berkshire has achieved on investment would not be nearly as good without the material benefits it has realized by financing these investments with low-cost insurance float,” he said.Berkshire’s non-insurance businesses, including the Burlington Northern Santa Fe railroad and aerospace parts manufacturer Precision Castparts, have helped drive earnings as well.Ackman said Berkshire should use some of its $100 billion in excess cash on new businesses or share buybacks. Berkshire’s board loosened its buyback policy last year, allowing Buffett and longtime business partner Charlie Munger to repurchase shares when the pair believed they had fallen below their intrinsic value. That has led to $3.4 billion in buybacks since the change.Ackman said that elevation of Ajit Jain, who now oversees all the insurers, and Greg Abel, who has responsibility for the non-insurance businesses, will help enhance operational performance.‘Mid-Teens’ Growth“If Berkshire can improve its operations and intelligently deploy a substantial portion of its excess capital over time, we estimate that the company’s earnings per share should grow at a mid-teens’ compounded annual rate over the intermediate term,” he said.Pershing Square had about $8.4 billion in assets under management at the end of July, according to its website. The firm said it returned roughly 49% on its investments this year through Aug. 13.Ackman also discussed his rationale for exiting investments in Automatic Data Processing Inc. and United Technologies Corp. for the first time.‘Value Destructive’He said he expected the returns at ADP to be more modest going forward, noting the investment had returned about 64%.Pershing sold out of United Technologies because of its “value-destructive” merger with Raytheon Co. in June after only a 3% gain.“Although we could have run a campaign to block the transaction over the next six or more months, our loss of confidence in management would have also required us to engage in a more comprehensive battle to replace the company’s leadership, and perhaps a portion of the board, in order to be comfortable with the company’s future,” Ackman said.To contact the reporters on this story: Scott Deveau in New York at sdeveau2@bloomberg.net;Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Michael Hytha, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Motley Fool
Buffett's Berkshire Hathaway Is Buying Amazon Stock. Should You?
Should investors take advantage of Amazon stock's recent pullback?
- GuruFocus.com
Warren Buffett's Berkshire Increases Amazon in Slow 2nd Quarter
Portfolio managers add to Apple, Bank of America and only a few others Continue reading...
- Reuters
Ackman eyes more gains for his fund with help of Berkshire, others
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering "high, long-term" returns, and he expects that a newly disclosed stake in Berkshire Hathaway Inc will help boost gains. Ackman, writing in a letter to clients one day after announcing in a filing the purchase of roughly $700 million of Berkshire stock, said the conglomerate is misunderstood. Berkshire is cheaper than it should be and has understated its near-term earnings, but future earnings can grow significantly, Ackman said.
- Investor's Business Daily
This Is The Ultimate Warren Buffett Stock: But Should You Buy It?
Berkshire Hathaway is the ultimate Warren Buffett stock — but is it a buy? Here's what the earnings and chart show for Berkshire stock.
- Market Realist
Berkshire Hathaway Is Increasing Its Stake in Amazon
In its latest 13F filing, Berkshire Hathaway (BRK.A) disclosed an 11% increase in its stake in Amazon (AMZN) at the end of the second quarter.
- Motley Fool
Berkshire Hathaway Buys More Amazon
It wasn't Warren Buffett's decision, but Berkshire now holds $1 billion worth of the e-commerce giant.
- Investor's Business Daily
Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?
You need to keep up on Warren Buffett stocks, because while the Berkshire Hathway chief sticks to a winning investing formula, that doesn't mean sitting still.
- Motley Fool
Warren Buffett-Backed StoneCo's Torrid Growth Continues
The Brazilian fintech specialist adds another impressive quarterly performance to its growing resume.
- Market Realist
Ackman Makes Berkshire Bet: What It Means for Investors
According to the regulatory filing from Bill Ackman’s Pershing Square Capital, the fund has taken a new stake in Berkshire Hathaway (BRK.B).
- Investopedia
Buffett's $100 Billion Bet on Financial Stocks Even As Economy Lags
Berkshire Hathaway has nearly $100 billion invested in financial stocks, representing more than 20% of its market capitalization.
