BRK-A - Berkshire Hathaway Inc.

NYSE - NYSE Delayed price. Currency in USD
326,962.00
+1,860.00 (+0.57%)
At close: 4:04PM EST

326,962.00 0.00 (0.00%)
After hours: 4:23PM EST

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Previous close325,102.00
Open325,695.00
Bid300,188.00 x 1200
Ask332,888.00 x 800
Day's range325,305.47 - 326,975.00
52-week range279,410.00 - 335,041.00
Volume140
Avg. volume281
Market cap532.814B
Beta (3Y monthly)0.85
PE ratio (TTM)19.93
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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  • TEST Business Wire Releases

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    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.

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    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.

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    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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  • TEST Business Wire Releases

    DD YAHOO Test 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.

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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.

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

    STNE Is Part of Warren Buffett’s Berkshire Portfolio

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    Yahoo Finance

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  • 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.

  • Buffett's Berkshire tops profit forecasts despite trade drag, record cash
    Reuters

    Buffett's Berkshire tops profit forecasts despite trade drag, record cash

    Berkshire benefited as resilience in consumer spending helped cause U.S. economic growth to slow less than expected, offsetting a contraction in business investment. Berkshire ended September with a record $128.2 billion of cash, despite repurchasing $700 million of stock in the quarter. Buffett has gone nearly four years since making a major acquisition for Berkshire, whose stock price has lagged the broader market by the most since 2009.

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