BRK-B - Berkshire Hathaway Inc.

NYSE - NYSE Delayed price. Currency in USD
219.36
-0.41 (-0.19%)
At close: 4:03PM EST

219.43 +0.07 (0.03%)
After hours: 7:06PM EST

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Previous close219.77
Open219.77
Bid219.02 x 900
Ask219.76 x 1000
Day's range217.91 - 219.87
52-week range186.10 - 223.59
Volume2,567,432
Avg. volume3,739,723
Market cap533.448B
Beta (3Y monthly)0.85
PE ratio (TTM)0.01
EPS (TTM)16,408.39
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est247.33
  • Warren Buffett trims Wells Fargo stake, adds RH
    Yahoo Finance

    Warren Buffett trims Wells Fargo stake, adds RH

    The Oracle of Omaha's latest stock moves are out.

  • Financial Times

    Berkshire Hathaway stake boosts shares in upscale furniture retailer RH

    An investment by Warren Buffett’s Berkshire Hathaway boosted shares in upmarket furniture retailer RH, representing one of the most notable purchases by investment managers in the third quarter. Berkshire Hathaway acquired 1.2m shares in RH, previously known as Restoration Hardware. The filing came among the periodic deluge of 13F filings on Thursday, as investment managers revealed their purchases and sales for the third quarter.

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  • The Zacks Analyst Blog Highlights: Berkshire Hathaway, Adobe Systems, BHP, BlackRock and Aktiengesellschaft
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  • Top Research Reports for Berkshire Hathaway, Adobe & BHP
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  • Buffett’s Cash Mystery: Morgan Stanley Figured It Out
    Market Realist

    Buffett’s Cash Mystery: Morgan Stanley Figured It Out

    On November 2, Berkshire Hathaway reported its Q3 2019 earnings. The company's reported cash pile rose to $128 billion from $122.4 billion in Q2 2019.

  • Stock Market News for Nov 5, 2019
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  • Berkshire (BRK.B) Q3 Earnings Up Y/Y on Solid Segmental Show
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    Berkshire (BRK.B) Q3 Earnings Up Y/Y on Solid Segmental Show

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  • Did Buffett Overlook Apple in Pursuit of Elephants?
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    Did Buffett Overlook Apple in Pursuit of Elephants?

    Apple (AAPL) stock has been rising since its earnings beat in the latest quarterly results. However, Warren Buffett has stayed away from Apple stock in 2019.

  • STNE Is Part of Warren Buffett’s Berkshire Portfolio
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    STNE Is Part of Warren Buffett’s Berkshire Portfolio

    While Buffett hasn't personally invested in the company, Berkshire Hathaway holds $533 million worth of STNE stock. The stock is valued at $10.5 billion.

  • Mike Piazza: Warren Buffett would be a great baseball manager
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    Mike Piazza remembers a Warren Buffett quote: “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”

  • Financial Times

    FirstFT: Today’s top stories 

    is that MBS’s shallow reform effort underscores the lack of accountability for the murder of journalist Jamal Khashoggi. Are you better off since Trump came to power? A total of 31 per cent of Americans say they are now worse off financially than they were at the start of Mr Trump’s presidency, while another 33 per cent say there has been no change in their financial position since Mr Trump’s inauguration in January 2017.

  • Berkshire’s Record Quarter Got a Lift From Kraft
    Bloomberg

    Berkshire’s Record Quarter Got a Lift From Kraft

    (Bloomberg) -- For Berkshire Hathaway Inc., profits from its stake in Kraft Heinz Co. were better late than never.Almost a third of the jump in Berkshire’s third-quarter earnings came from finally recording its share of the packaged food giant’s 2019 results. A $467 million gain replaced what had been blank spots in the past two quarters as Kraft Heinz delayed reporting first-half results amid regulatory probes.Kraft Heinz has been a black mark for Warren Buffett over the past year, as he took a $2.7 billion writedown in 2018 results and conceded he and 3G Capital paid too much in the 2015 merger of Kraft Foods Group Inc. and H.J. Heinz. The maker of ketchup and cold cuts replaced its chief executive officer in the search for a new strategy as consumers turn to upstart brands and fresher food options. A 24% share-price drop this year may mean another writedown for Berkshire.“Results haven’t been good with regards to Kraft Heinz,” Jim Shanahan, an analyst at Edward Jones, said in an interview. “It’s certainly been a disappointment.”While nine months of profit hitting in one quarter boosted Berkshire’s results, the bigger picture isn’t as rosy. Kraft Heinz profits going to Berkshire dropped 26% so far in 2019, and dividends fell 36%.The stake has been a recent headache, but Buffett is a long way from being in the red. He’s still up almost $7 billion on his investments in Kraft Heinz, which total $17.5 billion since he and 3G first bought Heinz in 2013.Here are the other key takeaways from Berkshire’s third-quarter results:Railroad RecordBerkshire’s BNSF railroad overcame trade tensions, flooding and a slumping coal business to post a record profit in the quarter. While volume dropped in all four of its main categories, the unit said it benefited from higher rates and its ongoing efforts to rein in costs. BNSF said it returned to full operation in the quarter after floods earlier this year had closed off some of its routes.BNSF’s results and gains on other stock bets pushed Berkshire’s 2019 net income to a staggering $52 billion, making the conglomerate the most profitable public company in the world.Buybacks ClimbingBuffett has started to move past his aversion for stock buybacks, but he’s not exactly diving in. He repurchased another $700 million of stock in the third quarter, bringing 2019’s total to $2.8 billion. That’s already the record for a year, after the board in July 2018 loosened its policy on stock buybacks. Almost a decade ago, Buffett touted the fact that “not a dime” had gone to share repurchases.Still, it’s a modest sum given Berkshire’s $128 billion cash pile and the buybacks of other large companies, especially financial firms. Bank of America Corp., which counts Berkshire among its largest shareholders, said in June that it planned to repurchase more than $30 billion of its stock over the next year.Insurance GainA jump in property-casualty premiums at Berkshire’s reinsurance drove that unit’s first underwriting profit in more than a year. That helped cushion a 40% drop in Geico’s pretax underwriting earnings, which it attributed in part to higher severity in auto claims.The reinsurance gain was in spite of $281 million in losses from Japan’s Typhoon Faxia, and the company warned that last month’s Typhoon Hagibis will weigh on fourth-quarter results. Berkshire is on pace for its 16th underwriting profit in the past 17 years, which Buffett has chalked up to his company’s “religion” of risk evaluation.(Adds Berkshire’s 2019 net income in ninth paragraph.)To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Buffett’s Peak Quarter Brings New Records on Profit and Cash
    Bloomberg

    Buffett’s Peak Quarter Brings New Records on Profit and Cash

    (Bloomberg) -- Warren Buffett’s third quarter in many ways marked a new peak.To start, Berkshire Hathaway Inc.’s operating profit topped its best levels. That was lifted by record earnings from BNSF railroad, his biggest-ever acquisition. Gains on his stock bets pushed the conglomerate’s 2019 net income to a staggering $52 billion, making Berkshire the most profitable public company in the world.And the legendary investor now has more cash than ever to play with: $128 billion. That’s the record which has Berkshire’s stock languishing as investors grapple with a question amid all the superlatives: What comes next?“Berkshire has sort of an embarrassment of riches,” Cathy Seifert, an analyst at CFRA Research, said in an interview. “That cash might be burning a hole in their pocket and it’s prudent for them to be careful, but at some point, it almost becomes a burden to the extent that it’s going to drag down their overall returns.”Buffett, 89, has built the most valuable public company outside of the West Coast with major businesses in industries from energy and insurance to car dealerships and jewelry. Now he faces the rare issue where he can write a single check for $10 billion and face questions on whether he’s being aggressive enough.Buffett’s cash pile climbed again in the quarter, and his liquidity brings him potentially lucrative deals like crisis-era bets on Goldman Sachs Group Inc. and General Electric Co., and the third quarter’s $10 billion investment in Occidental Petroleum Corp. that allowed a deal with Anadarko Petroleum Corp.But aside from the Occidental bet, Buffett was a net seller of stocks in the quarter and deals spurred by turmoil are harder to find with the S&P 500 Index hitting fresh highs. And Berkshire hasn’t kept pace this year. Berkshire’s Class A shares are up 5.7% this year through Friday, short of the 22% gain in the S&P 500.The period also provided examples of the limits Buffett faces in trying to put cash to use to continue the outsized growth that made him famous. He’s pushed further into financial stocks, but in his two biggest stakes, he’s right around regulatory caps on bank ownership. With Bank of America Corp., he applied for permission to potentially boost his holding; on Wells Fargo & Co., he sold shares in the quarter.Buffett has conceded that the immediate prospects for buying up businesses isn’t good amid “sky-high” prices. But he said he still hungers for an “elephant-sized acquisition.”Buffett benefits from being selective on what deals he chooses, even if it means he spends time waiting around with $128 billion sitting in cash and Treasury bills, said shareholder Thomas Russo.“The Occidental thing came to Berkshire, no one else, for a reason --- they wanted his stamp,” Russo, who invests in Berkshire through his firm Gardner Russo & Gardner, said in an interview. “That stamp is only valuable if people think that the investments that he makes have been well-scrubbed, rather than rushed through.”While Buffett’s been stymied on the large acquisition front in recent years, he’s been able to put some money to work in the stock market. In recent years, Berkshire’s snapped up shares of JPMorgan Chase & Co. and Apple Inc. One of Buffett’s investing deputies even purchased shares of Amazon.com Inc. this year. But there are limited stocks that even have the potential to move the needle.There are roughly 55 U.S. companies Buffett could invest $10 billion in and remain under his preferred 10% ownership threshold. He already owns a stake in 13 of them and has previously bet on at least another eight. About a dozen of the companies would be considered technology investments, a sector Buffett’s started to venture into after years of trying to avoid the industry.“The anchor of size is just an enormous issue,” said Paul Lountzis, president of Lountzis Asset Management which oversees more than $200 million including investments in Berkshire stock. Lountzis said Buffett’s track record and ability to adapt reassures him. Still, “he’s so big now, where’s he going to deploy things? And where can things go from here? It’s a real challenge.”And such sizable stakes can make Berkshire less nimble. Buffett acknowledged as much with this year’s struggles at Kraft Heinz Co., as he said in February ditching a stake of more than $10 billion would be complicated.“You dance like an elephant, not like some guy on ‘Dancing With The Stars,’” Buffett said.As crisis-era bets such as his equity derivative wagers have started to run out, Buffett’s sought other ways to deploy capital. Berkshire’s board loosened its buyback policy last year. That’s allowed him to repurchase $2.8 billion over the course of 2019. Those moves have been relatively modest -- JPMorgan spent more than $6 billion on net repurchases in the third quarter alone -- but it’s a marked change for an investor that’s preferred to spend his money buying operating businesses or snapping up stocks of other companies.The widest performance gap between Berkshire and the S&P 500 in recent years could give Buffett more incentive to jump into the market for his own stock.“There isn’t a lot of opportunity” for big deals, Jim Shanahan, an analyst at Edward Jones, said in an interview. “All the more reason to question, given the valuation for the stock, why they haven’t been more aggressive in the market buying back their own shares. It could represent the best use of cash right now and it could represent the easiest path for them to deploy capital.”(Adds Buffett’s stock holdings in seventh paragraph.)To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Linus ChuaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Berkshire’s Surging Cash Pile a Warning from Buffett?
    Market Realist

    Is Berkshire’s Surging Cash Pile a Warning from Buffett?

    Today, Berkshire Hathaway Inc. (BRK.A) (BRK.B) released its third-quarter earnings. The company’s cash pile surged to a record $128 billion in Q3.

  • Berkshire Profit Hits a Record as Buffett’s Cash Pile Grows
    Bloomberg

    Berkshire Profit Hits a Record as Buffett’s Cash Pile Grows

    (Bloomberg) -- Berkshire Hathaway Inc.’s operating profit jumped 14% to a record as Warren Buffett’s conglomerate saw gains from its railroad and got some long-awaited earnings from Kraft Heinz Co.Operating earnings climbed to $7.86 billion in the third quarter, thanks in part to a rise in investment income and Berkshire’s reinsurance group posting its first underwriting profit of the year despite losses from a Japanese typhoon. Revenue climbed 2.4% on increases from the company’s insurers and manufacturing businesses.The results pushed Buffett’s cash pile to a record $128 billion, even as he completed a $10 billion investment in Occidental Petroleum Corp., his chunkiest purchase in more than year. Aside from that deal, Buffett was a net seller of stocks in the quarter and bought back less of Berkshire’s own shares than some analysts expected, raising more questions over how long the legendary investor will wait to use his dry powder.“It’s an obscene amount of cash,” Jim Shanahan, an analyst at Edward Jones, said in an interview. Still, operating results were “really strong,” he said. “This is a pretty good print.”The fact that Buffett’s sprawling businesses are spitting out cash faster than he can find good places to invest it is a problem many companies would envy. But there are signs that the idle funds are weighing on growth, and Berkshire’s stock is on track for its worst underperformance since 2009. The company’s Class A shares gained 5.7% this year through Friday’s close, short of the 22% climb in the S&P 500 Index during that time.Berkshire recorded $467 million in gains related to its share of Kraft Heinz’s profit in the first nine months of 2019. The gains came all at once after the stake left a blank spot in Berkshire’s results for two quarters as the packaged food giant delayed reporting results amid regulatory probes.Buffett has been stung by Kraft Heinz’s stumbles over the past year. After Kraft Heinz announced a $15.4 billion writedown in February, Berkshire said it would take a $2.7 billion charge on its stake. Kraft Heinz released first-half results in August and was back on track in October, when it reported third-quarter profit that beat analyst estimates. That sent shares climbing to their highest level since May, though they’re still well below Berkshire’s carrying value. Berkshire said Saturday it didn’t believe an impairment charge was necessary at this time.Stock BuybacksBuffett’s railroad was able to open up all key routes in the third quarter that had been impacted by flooding. The 5% profit gain at Berkshire’s railroad, BNSF, also benefited from higher rates on shipments even as volumes fell.Berkshire’s $700 million of repurchases in the quarter was a nearly 75% increase from the amount of stock the company bought back in the second quarter. Still, third-quarter buybacks fell short of Berkshire’s record repurchase of $1.7 billion stock in the first quarter and was lower than the $900 million estimated by analysts at UBS Group AG.While Buffett received more flexibility to buy back shares last year, his repurchases have been modest compared to other giant companies, especially financial firms. Bank of America Corp., which counts Berkshire among its largest shareholders, said in June that it planned to repurchase more than $30 billion of its stock over the next year.More key figures from the results:Pretax earnings from Berkshire’s group of manufacturers, which includes Precision Castparts Corp. and Marmon, jumped 4.9% in the third quarter. That was boosted by gains at Precision due to demand for aerospace products and increases at Clayton Homes, which manufactures mobile homes and has been expanding into site-built construction.Net earnings slipped 11% to $16.5 billion. Under new accounting rules, Berkshire has to report swings in its investment portfolio in its net income figures. The unrealized gains during the third quarter were about $8 billion compared to a gain of $10.2 billion in the same period a year earlier.(Updates with analyst comment in fourth paragraph.)To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Warren Buffett’s Berkshire Hathaway increases cash pile to $128bn

    Berkshire Hathaway increased its cash pile to a record $128bn in the third quarter, as Warren Buffett struggled to find large acquisitions to boost Berkshire’s returns. Mr Buffett has gone nearly four years since completing a major acquisition, forcing him and Charlie Munger, his longtime business partner and vice-chairman of Berkshire, to look elsewhere to invest their cash hoard. Bill Smead, chief executive of Smead Capital Management, said Mr Buffett had not found an attractive M&A target and could be building the “monstrous cash hoard in the event Buffett or Charlie Munger — the masterminds of Berkshire — go into the hospital”.

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  • JPMorgan Tests Its Amazon-Berkshire Health Venture on Bank Employees
    Bloomberg

    JPMorgan Tests Its Amazon-Berkshire Health Venture on Bank Employees

    (Bloomberg) -- JPMorgan Chase & Co. and Amazon.com Inc. have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc., rolling out some of the new offerings to employees in a handful of states.Under the program, called Haven Healthcare, JPMorgan is offering its 30,000 workers in Ohio and Arizona two plans for 2020 run by Cigna Corp. and Aetna Inc., according to people familiar with the matter, who asked not to be identified discussing non-public information. The group comprises just under 20% of the bank’s U.S. workforce.Amazon is offering health plans for employees in Connecticut, North Carolina, Utah and Wisconsin that were created by Amazon in consultation with Haven and insurance providers, said a representative for the tech and online retail giant.The efforts at both companies appear to be early steps in the venture’s goal of overhauling health-care benefits to make them more transparent, better at keeping people healthy and lowering costs. JPMorgan, Amazon and Berkshire founded Boston-based Haven in 2018, but details about the effort have been scant. Headed by physician and writer Atul Gawande, the venture has been run in secrecy with almost no sign of what it might do.At JPMorgan, Haven is planning to monitor employees’ receptiveness to the new offering and whether they find it more transparent, one of the people said. At Amazon, where some employees are already enrolled, the goal is to help employees better understand their health costs and to work better with primary-care doctors.Joe Evangelisti, a JPMorgan spokesman, confirmed plans to roll out the program to bank employees in the two states. A representative for Berkshire didn’t respond to a request for comment.Company DiscontentUnlike the existing insurance plan for JPMorgan’s U.S. employees, the new Haven programs don’t require employees to pay deductibles. They offer perks like earning money each month by fulfilling certain wellness activities such as keeping blood pressure below a certain target, said one of the people. That money can be used to offset doctor visits or the cost of prescriptions. Such benefits and incentives aren’t unusual in the corporate world.JPMorgan Chief Executive Officer Jamie Dimon has long railed against the U.S. health-care system, saying shortcomings like soaring costs, bureaucracy, fraud and a lack of transparency around the price of medical procedures are impeding the U.S. economy.In May, he said a team of about 40 people was analyzing the three companies’ insurance plans, wellness offerings and pharmacy benefit management deals to identify ways to improve health-care outcomes for its employees. He has said better aligning incentives and empowering employees to make better choices could help.Cost TransparencyUnder Haven plans for the JPMorgan employees, co-pays range from $15 to $110 for most services, according to one of the people. Some more expensive care, such as a hospitalization, comes with higher charges. Gawande became well known for a series of articles in the New Yorker magazine exploring why health-care costs varied significantly from place to place in the U.S. On Haven’s website, he says their work will take time and the organization will “be relentless.” The mission is to “deliver simplified, high-quality, and transparent health care at a reasonable cost.”High health-care expenses are a major focus for workers and employers. Work-based family health-insurance premiums topped a record $20,000 in a 2019 survey of employers conducted by the Kaiser Family Foundation. On average, workers’ average annual contribution was $6,000 for a family plan.The Haven venture has also raised fears among health insurers, drug makers and other parts of the industry that JPMorgan, Amazon and Berkshire would use their collective power to disrupt established players.“This is not meant to be a profit-seeking thing,” Dimon said at a conference in May. “It was meant to be a improved health-care thing, stronger employees. We hope we’ll have something we can share with the world.”\--With assistance from Katherine Chiglinsky, John Tozzi and Robert Langreth.To contact the reporters on this story: Michelle F. Davis in New York at mdavis194@bloomberg.net;Cynthia Koons in New York at ckoons@bloomberg.net;Matt Day in Seattle at mday63@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Drew Armstrong, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple and KHC Save the Day for Buffett and Berkshire
    Market Realist

    Apple and KHC Save the Day for Buffett and Berkshire

    Berkshire Hathaway holds stakes in both Apple (AAPL) and Kraft Heinz (KHC). Berkshire Chair Warren Buffett has admired Apple on several occasions.

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