Tag: $Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway has sold shares worth $228.7 million in Bank of America, as the conglomerate continues to trim its stake in the second-largest U.S. lender.

There’s nothing quite like the nod of approval from one of the world’s most prominent investors to boost a stock, and that is precisely what is going on with Ulta Beauty  this morning.

Berkshire Hathaway’s after-tax operating profit rose 15% in the second quarter to $11.6 billion, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.

Berkshire Hathaway  purchased more Occidental Petroleum  stock in recent days and now holds a roughly 29% stake in the energy company, worth $15.4 billion.

Berkshire Hathaway  saw operating profits rise 39% after taxes in the first quarter to a record $11.2 billion, boosted by strength in the company’s property and casualty insurance business and higher investment income.

Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend.

Occidental Petroleum  stock has been under pressure recently, and Berkshire Hathaway has capitalized on that weakness by adding to its large holding in the energy company.

Berkshire Hathaway bought more Occidental Petroleum stock in recent days, purchasing 5.2 million shares and bringing its total ownership to 243.7 million shares, for a 27.7% stake in the big energy company, according to a form 4 filing with the Securities and Exchange Commission late Thursday.

Charlie Munger, the outspoken business partner and sounding board of Berkshire Hathaway CEO Warren Buffett for more than 50 years, died at age 99 in Los Angeles, about a month before he would have turned 100 on Jan. 1, 2024.

The Omaha-based conglomerate’s operating earnings totaled $10.761 billion last quarter, 40.6% higher than the number from the same quarter a year ago.

Berkshire Hathaway sold 4.8 million shares of HP Inc. worth about $130 million in recent days, according to a Form 4 filing with the Securities and Exchange Commission late Friday.

Berkshire Hathaway  sold 5.5 million shares of HP Inc. in its first sale of stock in the maker of personal computers and printers since Berkshire accumulated a 12% stake in the company in early part of 2022.

Berkshire Hathaway took new equity positions in home-building, notably industry leader D.R. Horton , while reducing its stake in General Motors  and eliminating a holding in McKesson , according to a 13-F regulatory filing released late Monday.

Berkshire Hathaway (BRKa.N) on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit.

Berkshire Hathaway BRK.B +0.07% ’s big utility and energy division purchased a 50% stake in the Cove Point liquefied natural gas facility in Maryland for $3.3 billion, lifting its stake in the plant to 75%, according to the Berkshire unit.

Berkshire Hathaway bought 2.1 million shares of Occidental Petroleum OXY in recent days, lifting its stake in the big energy company to just over 25%, according to a filing late Wednesday.

Berkshire Hathaway has boosted its stakes in five Japanese trading companies to an average of 8.5% and Berkshire said it hopes to increase those interests to 9.9%.

Berkshire Hathaway owns just under 25% of Occidental Petroleum after buying about $275 million of stock in the big energy company during recent days, according to a regulatory filing late Tuesday.

Berkshire Hathaway continued to buy more Occidental Petroleum stock in recent days, purchasing about $200 million and lifting its stake in the big energy company to $12.7 billion.

Berkshire Hathaway eliminated its equity investments in Bank of New York Mellon, U.S. Bancorp, Taiwan Semiconductor, and RH during the first quarter, according to a filing late Monday.