BRK-A - Berkshire Hathaway Inc.

NYSE - NYSE Delayed price. Currency in USD
338,080.09
-719.91 (-0.21%)
At close: 4:04PM EST
Stock chart is not supported by your current browser
Previous close338,800.00
Open337,754.00
Bid300,188.00 x 1200
Ask340,000.00 x 800
Day's range336,000.00 - 339,704.44
52-week range279,410.00 - 339,770.00
Volume208
Avg. volume284
Market cap551B
Beta (5Y Monthly)0.84
PE ratio (TTM)20.60
EPS (TTM)16,408.39
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est369,711.00
  • Kathy Ireland joins Influencers with Andy Serwer
    Yahoo Finance Video

    Kathy Ireland joins Influencers with Andy Serwer

    Yahoo Finance Editor-in-Chief Andy Serwer sits down with mode turned magnate, Kathy Ireland, kiWW founder, CEO and chief designer.

  • Buffett Outbid by PE as Berkshire Hathaway Hunts for Deals
    Bloomberg

    Buffett Outbid by PE as Berkshire Hathaway Hunts for Deals

    Nov.29 -- Warren Buffett’s Berkshire Hathaway Inc. was outbid by Apollo Global Management Inc. in its pursuit of Tech Data Corp., according to a report by CNBC. Bloomberg’s Katherine Chiglinsky reports on "Bloomberg Markets: The Close."

  • Why this Berkshire Hathaway shareholder isn't frustrated Warren Buffett won't spend nearly $130 billion in cash
    Yahoo Finance

    Why this Berkshire Hathaway shareholder isn't frustrated Warren Buffett won't spend nearly $130 billion in cash

    Long-time Berkshire Hathaway shareholder Bill Smead is just fine with Warren Buffett sitting on billions in cash. Here's why.

  • TEST Business Wire Releases

    Business Wire DD Test Yahoo Release LOGO #2 (12.06.19)

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  • Fourth Quarter & 2020 Earnings Previews & Buy RH Stock at New Highs?
    Zacks

    Fourth Quarter & 2020 Earnings Previews & Buy RH Stock at New Highs?

    The latest U.S.-China trade war updates and some positive U.S. economic data. A dive into third quarter 2019 earnings and what to expect from Q4 and 2020. Plus, a look at why RH is a Zacks Rank 1 (Strong Buy) stock right now...

  • TEST Business Wire Releases

    Business Wire DD Test Yahoo Release VIDEO (12.04.19)

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    Business Wire DD Test Release VIDEO (12.03.19)

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  • Buffett's Berkshire outbid for Tech Data: CNBC
    Reuters

    Buffett's Berkshire outbid for Tech Data: CNBC

    Berkshire did not respond to requests for comment. Apollo Global Management Inc agreed on Wednesday to pay $145 per share for Tech Data, sweetening its original $130 per share bid after a public company made a better offer. Citing Buffett, CNBC said that company was Berkshire, which offered $140 per share last week, and did not intend to go higher.

  • Buffett's Berkshire outbid for Tech Data - CNBC
    Reuters

    Buffett's Berkshire outbid for Tech Data - CNBC

    Berkshire did not respond to requests for comment. Apollo Global Management Inc agreed on Wednesday to pay $145 per share for Tech Data, sweetening its original $130 per share bid after a public company made a better offer. Citing Buffett, CNBC said that company was Berkshire, which offered $140 per share last week, and did not intend to go higher.

  • Bloomberg

    Buffett Outbid by Private Equity in Berkshire’s Deal Hunt

    (Bloomberg) -- Warren Buffett has frequently touted his Berkshire Hathaway Inc. as a home for businesses away from what he said was the debt-fueled, quick-turnover appetite of private equity firms. But the Berkshire name wasn’t enough for Tech Data Corp.Berkshire made a $140-a-share bid for the distributor of technology products that was topped by a $145 offer from Apollo Global Management Inc., CNBC reported. The offer was another effort by the billionaire investor to put a chunk of his record $128 billion cash pile to use and signals that while Buffett is still on the prowl, he may not be willing to outbid private equity firms flush with money.Buffett has been stymied on the acquisition front in recent years, causing the billionaire investor to express frustration about the “sky-high” prices for decent businesses. He said earlier this year that he was working on a large deal in the fourth quarter of 2018 but it eventually fell through. The lack of deals has also pressured Buffett’s ability to maintain the stock returns that helped make him famous. Berkshire’s stock is on track for its worst underperformance since 2009.Berkshire’s interest forced Apollo to raise its bid to one that values Tech Data at about $6 billion, including debt. Tech Data helps bring products to market for firms such as Microsoft Corp. and Apple Inc., which is Berkshire’s largest public stock investment as it has a roughly $56 billion stake in the iPhone maker.“He’s just not going to throw the money out and earn a rate of return below what his minimum target is,” David Kass, a professor of finance at the University of Maryland’s Robert H. Smith School of Business. “He is Buffett because he’s patient.”Auction ProcessThe biggest private-equity firms are on a tear. Apollo’s Leon Black said earlier this month that the firm is on track to almost double its assets under management to $600 billion in five years. Apollo’s higher bid, announced Wednesday after the market closed, sent shares of Tech Data surging 12% to close at $144.89 Friday in New York trading.Tech Data, which was using Bank of America Corp. as its financial adviser, was engaged in a “go-shop” process. Buffett has typically avoided auctions where sellers seek the most money they can get, calling them a waste of time and a situation where he can’t win.A Tech Data buyout by Berkshire would have pushed the Omaha, Nebraska-based conglomerate further into the technology realm, an area that Buffett avoided for decades. It also would have added another family-built business to Berkshire’s mix of retailers, insurers and energy companies. Edward Raymund founded the company and his son Steven Raymund ran the firm for about two decades before becoming chairman. Steven Raymund stepped down in 2017.A potential acquisition by Berkshire would have just been a drop in the bucket for Buffett’s firm. The transaction value of $6 billion is just 4.7% of Buffett’s total cash pile.For Berkshire, the Tech Data saga likely ends here. Buffett isn’t planning to make a higher bid, according to CNBC. His appetite for a large buyout may continue.“We continue, nevertheless, to hope for an elephant-sized acquisition,” Buffett said in his annual shareholder letter released earlier this year.(Updates shares in sixth paragraph)\--With assistance from Amy Thomson.To contact the reporter on this story: Katherine Chiglinsky in New York at kchiglinsky@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Michael J. Moore, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TEST Business Wire Releases

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  • Buy Soaring RH Stock Ahead of High-End Retailer's Q3 Earnings Report?
    Zacks

    Buy Soaring RH Stock Ahead of High-End Retailer's Q3 Earnings Report?

    RH has seen its stock price skyrocket over 130% in the last six months. RH has found success in a retail industry dominated by Walmart, Target, and Amazon, by not transforming into an e-commerce focused firm. So is it time to buy RH ahead of earnings?

  • TEST Business Wire Releases

    DD YAHOO Test logo #1 (11.25.19)

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  • Berkshire Takes on Short Sellers With Bet on Furniture Retailer
    Bloomberg

    Berkshire Takes on Short Sellers With Bet on Furniture Retailer

    (Bloomberg) -- Berkshire Hathaway Inc.’s new wager on furniture retailer RH has Warren Buffett’s company in a place it rarely finds itself: invested in a heavily shorted stock.RH is the most popular short in the home-furnishing retail sector with 37% of the shares available to trade on loan to bears, according to data from financial analytics firm S3 Partners. The disclosure last week that Berkshire bought 1.2 million shares in the third quarter sent RH soaring to a fresh record. The rally hasn’t shaken the faith of short sellers, who profit when the price of a stock falls. Short interest in RH has barely changed since Berkshire revealed its purchase.The retailer formerly known as Restoration Hardware has a couple of traits that undoubtedly appealed to Berkshire. For one, Buffett likes to stick to areas he knows best when selecting stocks. Berkshire counts at least four furniture retailers among its portfolio of companies, including Nebraska Furniture Mart which has a sprawling 80-acre campus in Buffett’s hometown of Omaha, Nebraska.“They have a certain limited circle of competence and within that circle of competence is furniture stores,” said David Kass, a professor of finance at the University of Maryland’s Robert H. Smith School of Business.Berkshire’s BetRH, known for luxe decor like sofas that can cost more than $5,000, also has an appetite to repurchase its own stock. The billionaire investor and his business partner, Charlie Munger, “rejoice” when managers buy back stock and boost Berkshire’s stake, Buffett said in his annual shareholder letter this year. Since 2017, RH has repurchased about 60% of its previously outstanding stock, it said in September.The relatively small size of Berkshire’s stake in RH, which totaled $206 million at the end of the third quarter compared to Berkshire’s $56 billion bet on Apple Inc., likely indicates it was made by one of Buffett’s two investing deputies, Todd Combs or Ted Weschler, according to Kass. Berkshire didn’t respond to messages seeking comment on which investment manager purchased the stake.Whoever made the RH bet likely perceived the stock as under-priced at the time of purchase, even if it was high on an absolute basis, according to Kass. And Berkshire hasn’t shied away from buying stocks at relatively high levels. One of the deputies has spent the past year snapping up Amazon.com Inc. shares, which now trade around $1,745 and more than 80 times estimated profits.“Maybe they saw a certain growth opportunity here that other analysts are missing,” said Kass. “Much of their investment career is to try to find those rare under-priced opportunities where they expect to outperform the market.”Bear CaseShort sellers are no doubt attracted to the rapid advance of RH shares. The Tracy, California-based company has gained more than six-fold since 2017 as Chief Executive Officer Gary Friedman managed to re-ignite revenue growth by drawing more customers to its brick-and-mortar stores at a time when consumer purchases are increasingly being made online.That strategy is probably at the heart of the RH short thesis as Friedman has “gone against the grain with building big stores,” said John Baugh, an analyst at Stifel Nicolaus & Co., who has a buy rating on the stock.Baugh thinks RH’s push to become more of a destination is the right move, one that will continue to drive traffic with high-end furniture that people feel the need to see in person and touch. While 9 of the 22 analysts tracked by Bloomberg that cover RH have buy ratings, the majority are neutral.Anthony Chukumba, a Loop Capital Markets analyst, downgraded the stock to hold from buy on Thursday on concerns about valuation. He sees the upside potential and downside risks as fairly balanced at current levels. Still, Chukumba remains positive on RH’s fundamental performance, which he said has been aided by the introduction of a customer membership program.Hennessy Investment Funds, which owns more than $18 million in RH shares, expects Friedman’s strategy to continue to improve financial results.RH’s “earnings trajectory has been very good,” said portfolio manager Ryan Kelley. “I think they still have a lot more they can do to fortify their position.”For Berkshire, so far the bet has been a good one, assuming it hasn’t sold the stock. Even if Berkshire bought at the highest point in the third quarter, RH shares have gained 13% since then.To contact the reporters on this story: Jarrell Dillard in New York at jdillard11@bloomberg.net;Katherine Chiglinsky in New York at kchiglinsky@bloomberg.net;Anisha Sircar in New York at asircar@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Larry Reibstein, Jeran WittensteinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TEST Business Wire Releases

    DD YAHOO Test VIDEO and PHOTO SBR 3K (11.20.19) English

    The Big Test Corporation announced today that its net income for the first quarter of 2018 was a record $783 million, up 31% from $597 million for the prior quarter, and up 39% from $564 million for the first quarter of 2017.

  • TEST Business Wire Releases

    DD YAHOO Test video SBR 3K (11.19.19) English

    The Big Test Corporation announced today that its net income for the first quarter of 2018 was a record $783 million, up 31% from $597 million for the prior quarter, and up 39% from $564 million for the first quarter of 2017.

  • TEST Business Wire Releases

    DD YAHOO Test wide table SBR 3K (11.15.19) English

    Net Revenues

  • TEST Business Wire Releases

    DD YAHOO Test logo SBR 3K (11.12.19) English

    The Big Test Corporation announced today that its net income for the first quarter of 2018 was a record $783 million, up 31% from $597 million for the prior quarter, and up 39% from $564 million for the first quarter of 2017.

  • Occidental Gets a Break With Buffett Stake, Icahn Court Defeat
    Bloomberg

    Occidental Gets a Break With Buffett Stake, Icahn Court Defeat

    (Bloomberg) -- Occidental Petroleum Corp. rose after Warren Buffett’s Berkshire Hathaway Inc. bought an additional stake in the debt-laden oil producer and a Delaware judge ruled against activist investor Carl Icahn’s request for company files.Occidental gained as much as 4.2% Friday after Berkshire disclosed the purchase of $332 million of shares in the third quarter. That makes it the 17th-largest investor in Occidental, according to data compiled by Bloomberg.The stock is in addition to the $10 billion of preferred shares Buffett bought earlier in 2019 to help Occidental fund its takeover of Anadarko Petroleum Corp.The vote of confidence from Buffett is “certainly a positive for the stock,” said Muhammed Ghulam, a Houston-based analyst at Raymond James & Associates. “I wouldn’t be surprised if he buys more if the price drops lower.”Occidental dropped to a 14-year low earlier this month after Chief Executive Officer Vicki Hollub unveiled a plan to slash capital spending by 40% to deal with the debt taken on in its $37 billion takeover of Anadarko.Icahn has said the takeover, which was completed in August, was flawed. He plans a proxy battle to change Occidental’s board next year. But the billionaire investor lost a ruling that would have required Occidental to hand over company files related to the deal that may have assisted him in his fight. Icahn plans to appeal the decision.Occidental traded 2.8% higher at $38.83 a share at 10:29 a.m. in New York.To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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