BRK-A - Berkshire Hathaway Inc.

NYSE - NYSE Delayed price. Currency in USD
267,954.00
-3,521.00 (-1.30%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close271,475.00
Open268,700.00
Bid260,000.00 x 900
Ask265,080.00 x 800
Day's range263,242.03 - 270,204.91
52-week range239,440.00 - 347,400.00
Volume293
Avg. volume501
Market cap432.561B
Beta (5Y monthly)0.86
PE ratio (TTM)5.38
EPS (TTM)49,828.45
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est351,500.00
  • Bloomberg

    Berkshire Cuts Delta, Southwest Stakes With Airlines in Freefall

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. unloaded shares this week in Delta Air Lines Inc. and Southwest Airlines Co. as U.S. carriers braced for an unprecedented collapse in travel demand because of the coronavirus pandemic.Berkshire cut its Southwest holding by 4% and its Delta stake by 18%, according to regulatory filings Friday. That reduced the exposure of Buffett’s company to an industry in freefall, with Delta predicting a 90% drop in second-quarter sales and competitors making similarly dire forecasts.U.S. airlines, which enticed Berkshire three years ago despite Buffett’s longtime skepticism of the industry, are now turning to the government for financial aid as passengers stay home amid the viral outbreak. Drastic cuts to flight schedules reflect the virtual disappearance of U.S. airline traffic, with barely more than 150,000 passengers flying nationwide on any given weekday compared with normal loads of more than 2.2 million.“I wish I could predict this would end soon, but the reality is we simply don’t know how long it will take before the virus is contained and customers are ready to fly again,” Delta Chief Executive Officer Ed Bastian told employees. “Unfortunately, even as Delta is burning more than $60 million in cash every day, we know we still haven’t seen the bottom.”Delta fell 10% to $20.15 after the close of regular trading in New York, with Southwest and other airlines down as well. A Standard & Poor’s index of major U.S. carriers has tumbled 60% this year, paced by the 74% drop of United Airlines Holdings Inc.Federal AidAirlines are applying for federal aid as the government steps in with cash assistance for passenger carriers of $25 billion to help make payroll, plus another $25 billion in loans.United and American Airlines Group Inc. -- in which Berkshire also owns stakes -- are seeking help, as are Delta, Southwest, JetBlue Airways Corp. and Alaska Air Group Inc. The carriers submitted proposals for payroll assistance Friday. Several said they would negotiate terms in the coming days with the U.S. Treasury, which declined to comment.But as their customers stop flying, the companies said they would be forced to do more to reduce costs and seek additional capital because the government aid won’t be enough.About 30,000 of Delta’s workers have applied for unpaid, voluntary leaves and “we continue to need more volunteers,” Bastian said.Parked JetsJetBlue is parking more than 100 planes out of its fleet of 259 and cut its April flying schedule by 70%.“We’ve shared with you in the past weeks the unprecedented decline in demand for travel, and the situation continues to deteriorate,” JetBlue CEO Robin Hayes said in a message to employees.United is chopping about 80% of its capacity this month to curb costs, with even larger cuts planned in May. The weakness is likely to linger, with United planning for sales “at least 30%” lower in the fourth quarter than in the same period last year, according to a regulatory filing.The airline said it will “proactively evaluate and cancel flights on a rolling 90-day basis until it sees signs of a recovery in demand.”Berkshire has seen enough to pare its holdings. Buffett’s company still has a $1.32 billion stake in Delta and a $1.57 billion investment in Southwest. Berkshire has to report mid-quarter changes because its holdings in those airlines are above a 10% threshold.Berkshire InvestmentsBuffett’s company also has previously reported investments in American and United, but doesn’t have to disclose changes to those stakes as frequently since he’s below a 10% ownership level. Buffett’s assistant didn’t immediately respond to a message seeking comment.The billionaire was a longtime critic of the airline industry after making a bet on US Airways that he called a “mistake.” He even once joked that capitalists should have shot down the Wright brothers’ plane and saved money for investors.In late 2016, however, Berkshire revealed major investments in the big U.S. airlines. Buffett has said that some of the issues in the industry had stabilized as competition dwindled.Berkshire’s large stakes have stoked speculation that it could buy one of the airlines given that Buffett’s company had nearly $128 billion in cash at the end of the year. But the investor said in February that that would be “very unlikely” since such a deal would be complicated in the highly regulated industry.Since then, the airlines have plunged into the worst crisis in their history.“If anyone tells you that they’ve seen anything like this before,” said JetBlue’s Hayes, “don’t believe them.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Berkshire Hathaway Cuts Delta, Southwest Stakes

    (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. spent this week selling shares of Delta Air Lines Inc. and Southwest Airlines Co.Berkshire sold nearly 13 million shares in Delta and roughly 2.3 million shares of Southwest, according to regulatory filings Friday. That left Buffett’s company with a $1.32 billion stake in Delta and a $1.57 billion holding of Southwest stock.Airlines across the U.S. have been pummeled by a steep drop-off in travel as the coronavirus spreads throughout the country. Delta Chief Executive Officer Ed Bastian said Friday in a memo that it expects second-quarter revenue to fall 90%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Berkshire Hathaway sells part of Delta, Southwest airline stakes
    Reuters

    Berkshire Hathaway sells part of Delta, Southwest airline stakes

    (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc . Berkshire is among the largest investors in the carrier.

  • Bloomberg

    Warren Buffett’s See’s Candies Furloughs Retail Workers

    (Bloomberg) -- Warren Buffett’s See’s Candies, which closed stores across the country to help contain the coronavirus, is now furloughing its retail workers.The candy maker, which has more than 240 retail locations in the U.S., will provide health benefits for eligible employees until the end of May, the company said Wednesday in a statement. See’s, which Buffett’s Berkshire Hathaway Inc. purchased in 1972, said it’s been paying employees for all scheduled hours over the past two weeks even as it was closing stores in areas such as California.See’s employed a total of 2,488 workers at the end of 2019, according to Berkshire’s annual report, although it’s unclear how many of those are affected by the furloughs.Employers across the country, including J.C. Penney Co. and Macy’s Inc., have furloughed workers in response to plummeting consumer spending, with cities throughout the U.S. telling people to stay at home and ordering businesses closed to stem the spread of the highly contagious virus. A record 3.28 million people filed for unemployment insurance in the week ended March 21, a figure that could be surpassed when new data is released Thursday.Buffett’s Berkshire, which has footholds in industries from insurance to energy, also owns scores of retailers, including jewelers, a party-supply company and a network of auto dealerships.“Closing our retail shops has taken a big toll at a critical time for See’s,” Chief Executive Officer Pat Egan said in the statement. “This decision was wrenching, but not being able to sell our product led us to this point.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Berkshire Hathaway Inc. (BRK.B) Stock Moves -0.19%: What You Should Know
    Zacks

    Berkshire Hathaway Inc. (BRK.B) Stock Moves -0.19%: What You Should Know

    Berkshire Hathaway Inc. (BRK.B) closed the most recent trading day at $182.83, moving -0.19% from the previous trading session.

  • Warren Buffett Can Hunt Elephants From Home
    Bloomberg

    Warren Buffett Can Hunt Elephants From Home

    (Bloomberg Opinion) -- This is a market for Warren Buffett, and U.S. investors sure could use some of his positive vibes right now. So where is America’s biggest booster and hungriest dealmaker?Buffett, the chairman and CEO of Berkshire Hathaway Inc., has been noticeably quiet since an explosion in coronavirus cases sent much of the populace into self-isolation and the country hurtling toward a recession. New York City, the capital of finance, is the new epicenter of the outbreak. But even 1,200 miles west in Buffett’s more airy state of Nebraska, the number of known infected residents is approaching 200, showing just how widespread it’s become.Buffett’s age — he’ll turn 90 in August — puts him among those most at risk of severe complications from the virus. (He was also treated for early-stage prostate cancer in 2012.) It may be that he’s avoiding in-person interviews for safety reasons, as he should. Nobody wants to be the one who gave the world’s most celebrated businessman and philanthropist Covid-19 and set in motion the most momentous CEO transition of our time.  Still, with so much panic and prognosticating about the damage the pandemic might inflict on the economy, investors could use Buffett’s habitual reminder of his unwavering belief in American prosperity. In 2008, amid the last recession, and again in 2010, Buffett signed off both his annual letters to shareholders saying that he and Charlie Munger — his longtime business partner and the 96-year-old vice chairman of Berkshire — were “lucky beyond our dreams” in part for being born in the U.S.Berkshire’s own investments are like a cross-section of the U.S. economy, with large stakes in airlines, banks, grocery stores and makers of consumer goods — even tech giants Amazon.com Inc. and Apple Inc. About $70 billion of value has been erased from its stock portfolio since mid-February (though we don’t yet know what Buffett bought and sold during the first quarter). The conglomerate also has outright ownership of one of the nation’s most expansive freight railway systems and a giant utility network, as well as businesses that sell everything from furniture and modular homes, to airplane-engine parts and various types of insurance. Shares of Berkshire itself are down 18%, headed for their worst year — like many other stocks — since 2008. “If you stick around long enough you’ll see everything in markets, and it may have taken me to 89 years of age to throw this one into the experience,” a still chipper Buffett said on Yahoo Finance during his last televised interview. That was March 10, before the virus situation became so dire that states stretching from California to Massachusetts began issuing stay-at-home orders to buy time for hospitals running out of ventilators and other crucial equipment.Three days later, Buffett announced he was canceling the festivities associated with Berkshire’s annual meeting to be held in Omaha in May. No investors are allowed to attend (they’ll have to stream it online). That means no shopping for See’s Candies, no posing with Buffett cardboard cut-outs, no running in the Brooks 5K and no sightings of the man himself for the tens of thousands of fans who show up each year wondering if it’s their last chance to see him up close.Buffett really has seen it all, though, which for him diminishes the frightful nature of events that to the rest of us seem so unprecedented in their gravity. When the Black Monday crash hit in October 1987, Buffett was already 57 years old. During World War II, when the news headlines couldn’t have been worse, he bought his first shares of stock as a kid — dumping them only four months later. At the 2018 Berkshire shareholder meeting, Buffett recounted the lesson he learned from that. Here’s a condensed version:Imagine yourself back on March 11, 1942. … I’d like you to imagine that at that time you had invested $10,000 … to hold a piece of American business and never look at another stock quote. … You’d have $51 million [now] and you wouldn't have had to do anything. … All you had to do was figure that America was going to do well over time, that we would overcome the current difficulties. … It’s just remarkable to me that we have operated in this country with the greatest tailwind at our back.In some ways, this is the market he’s been waiting for — a chance to finally scoop up durable, if temporarily beaten down, businesses on the cheap and put Berkshire’s $128 billion pile of cash to work. Likewise, private equity firms will be on the prowl, too. Financial buyers, including Berkshire, are already eyeing vulnerable targets in the travel, lodging and entertainment industries, the Wall Street Journal reported Tuesday, citing unnamed sources. Here are others that fit the mold of a Berkshire takeover target, based on criteria Buffett has spelled out in the past: In recent years there were too many competing acquirers willing to pay prices Buffett thought were absurd. Now, many are looking to conserve capital; others receiving assistance from the federal stimulus package may be more limited in their financial maneuvers. So where President Donald Trump opened a window to dealmaking with this more lax antitrust regulation, the virus has shut the door. Merger-and-acquisition activity is already down 24% globally this year, while in the U.S. it’s retreated 31%. The S&P 500 index now has a price-to-earnings ratio of 17, compared with more than 22 in February.“It would be more fun if the phone would ring,” Buffett said in 2017 at the start of his M&A dry spell. It's sure to be ringing now as large corporations seek cash and the glow of the Buffett halo. Banks are quietly discouraging investment-grade borrowers from tapping their existing credit lines, according to a Bloomberg News report Monday. Berkshire played the role of a bank last year, providing $10 billion of financing to Occidental Petroleum Corp. in return for high-yielding preferred stock. As my colleague Liam Denning has noted, even though the oil crash recently forced Oxy to slash its regular dividend, Berkshire still receives its fat check.Though it may be no mystery how Buffett views America’s ability to get through this latest crisis, it’s anyone’s guess where he’ll deploy his billions in it. Whatever the case, he should do his elephant hunting from home. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Berkshire Hathaway B Stock Falls 3%
    Investing.com

    Berkshire Hathaway B Stock Falls 3%

    Investing.com - Berkshire Hathaway B (NYSE:BRKb) Stock fell by 3.04% to trade at $178.01 by 09:33 (13:33 GMT) on Friday on the NYSE exchange.

  • Berkshire Hathaway Rides on Strong Premiums & Financial Strength
    Zacks

    Berkshire Hathaway Rides on Strong Premiums & Financial Strength

    Berkshire Hathaway (BRK.B) is poised to benefit from high premiums earned and strong net investment income, attributable to its solid insurance business.

  • Berkshire Hathaway Inc. (BRK.B) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Berkshire Hathaway Inc. (BRK.B) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Berkshire Hathaway Inc. (BRK.B) closed at $180.47, marking a +1.27% move from the previous day.

  • A 'very bullish' Bill Ackman is an 'aggressive buyer' of stocks in coronavirus panic
    Yahoo Finance

    A 'very bullish' Bill Ackman is an 'aggressive buyer' of stocks in coronavirus panic

    Pershing Square has put "around $2 billion" in the stock market, Bill Ackman tells Yahoo Finance.

  • Berkshire Hathaway Inc. (BRK.B) Down 25.5% Since Last Earnings Report: Can It Rebound?
    Zacks

    Berkshire Hathaway Inc. (BRK.B) Down 25.5% Since Last Earnings Report: Can It Rebound?

    Berkshire Hathaway Inc. (BRK.B) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Frontier Airlines private equity owner sees good buys in industry turmoil
    Reuters

    Frontier Airlines private equity owner sees good buys in industry turmoil

    Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview. The NYSE Arca Airline Index has lost two-thirds of its value in the past four weeks, more than double the 30% drop in the S&P 500 Index, as investors fret about the impact of airlines grounding flights and placing thousands of workers on unpaid leave as air travel is sharply curtailed across the globe to try to stem the coronavirus outbreak. "My personal point of view is that they're going to be some really good buys on publicly traded shares of airlines in Europe and the U.S.," Bill Franke, managing member of private equity firm Indigo Partners LLC, said in the interview this week.

  • Berkshire Hathaway (BRK.B) Surges: Stock Moves 5.5% Higher
    Zacks

    Berkshire Hathaway (BRK.B) Surges: Stock Moves 5.5% Higher

    Berkshire Hathaway (BRK.B) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

  • Warren Buffett on negative rates and 'the most important question in the world'
    Yahoo Finance

    Warren Buffett on negative rates and 'the most important question in the world'

    Warren Buffett shares his thoughts about negative interest rates as Treasury yields slide to record lows.

  • Berkshire Hathaway B Stock Falls 6%
    Investing.com

    Berkshire Hathaway B Stock Falls 6%

    Investing.com - Berkshire Hathaway B (NYSE:BRKb) Stock fell by 5.59% to trade at 177.26 by 09:31 (13:31 GMT) on Wednesday on the NYSE exchange.

  • Berkshire Hathaway B Stock Rises 3%
    Investing.com

    Berkshire Hathaway B Stock Rises 3%

    Investing.com - Berkshire Hathaway B (NYSE:BRKb) Stock rose by 3.06% to trade at $183.05 by 12:13 (16:13 GMT) on Tuesday on the NYSE exchange.

  • Warren Buffett is working from home
    Yahoo Finance

    Warren Buffett is working from home

    Warren Buffett is taking a cautious approach to the coronavirus outbreak.

  • Here's what Warren Buffett's doctors just told him about his health
    Yahoo Finance

    Here's what Warren Buffett's doctors just told him about his health

    How is Warren Buffett faring during the coronavirus?

  • Buffett's Berkshire taps former AmEx CEO Kenneth Chenault for board, as Bill Gates steps aside
    Reuters

    Buffett's Berkshire taps former AmEx CEO Kenneth Chenault for board, as Bill Gates steps aside

    The change was disclosed in Berkshire's annual proxy filing, ahead of its scheduled May 2 annual meeting. Chenault, 68, led New York-based American Express from January 2001 to February 2018, and became one of the most prominent black CEOs in corporate America.

  • Berkshire taps former AmEx CEO Kenneth Chenault for board, as Bill Gates steps aside
    Reuters

    Berkshire taps former AmEx CEO Kenneth Chenault for board, as Bill Gates steps aside

    The change was disclosed in Berkshire's annual proxy filing, ahead of its scheduled May 2 annual meeting. Chenault, 68, led New York-based American Express from January 2001 to February 2018, and became one of the most prominent black CEOs in corporate America.

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