There is no doubting that the Oracle of Omaha can pick stocks, thus EasyResearch scoped out Berkshire Hathaway's latest SEC filings which gave a glimpse into the company’s stock positions.
EasyResearch looks at 2 Berkshire stocks to get your week going!
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Berkshire took a 146.7-million-share position in Verizon Communications, a diversified telecoms company with a market cap of 233 billion offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.
“Warren Buffett has created a big position in Verizon Communications (NYSE: VZ) during the fourth quarter, accounting for 3.19% of the overall portfolio. Shares of Verizon underperformed in the last twelve months and extended the downtrend since the beginning of this year. However, the company offers a dividend yield of 4.64%.” - Siraj Sarwar
“With the 5G upgrade cycle coming into full swing, Verizon has a huge opportunity ahead of it. There's a lot at stake, and competition will remain fierce. But having the confidence of the Oracle of Omaha is worth a lot in many investors' eyes.” - Dan Caplinger
The rise in “Black Gold” has everyone buzzing but not as much as when it came to light that Berkshire Hathaway opened a large position in the struggling energy company Chevron. Berkshire took on a 48.5 million share position as of the 31st of December 2020.
“Warren Buffett has created a huge position in Chevron Corporation (NYSE: CVX) during the fourth quarter to take advantage of the massive growth in oil prices. It appears that the stock-picking strategy worked in the case of Chevron. This is because shares of the oil and gas giant rallied more than 9.5% compared to the S&P 500 growth of just over 4%. Moreover, Chevron has the ability to offer increasing cash returns to shareholders. The company currently offers a dividend yield of 5.5%.” - Siraj Sarwar
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There is no doubting Warren Buffett’s track record when it comes to selecting good stocks to uplift an INVSTRs investment portfolio, hence all the interest. It was also interesting to note from the SEC filing the shares Berkshire added on to its position, reduced and removed completely.
Here are some of the shares to take note of:
- Bought more: Abbvie Inc (ABBV), Merck & Co. Inc. (MRK), Bristol-Myers Squibb Co (BMY), Kroger Co (KR), T-Mobile Us Inc (TMUS)
- Reduced position: Apple Inc (AAPL), Us Bancorp (USB), General Motors Co (GM), Wells Fargo & Co (WFC).
- Closed positions: JPMorgan Chase & Co (JPM), Barrick Gold Corporation (GOLD), Pfizer Inc (PFE)
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Sources – EasyResearch, Berkshire Hathaway, Yahoo finance, Siraj Sarwar, Forbes, The Motley Fool, Wikipedia.
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