BRK-A - Berkshire Hathaway Inc.
| Previous close | 344,505.00 |
| Open | 343,155.00 |
| Bid | 344,145.94 x 800 |
| Ask | 349,000.00 x 1300 |
| Day's range | 345,608.03 - 345,702.41 |
| 52-week range | 294,511.00 - 345,702.41 |
| Volume | 73 |
| Avg. volume | 277 |
| Market cap | 563.434B |
| Beta (5Y monthly) | 0.84 |
| PE ratio (TTM) | 21.06 |
| EPS (TTM) | 16,408.39 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 380,877.00 |
- Yahoo Finance UK
Warren Buffett is boosting his London property business
Berkshire Hathaway is launching a new financial advisory firm to help clients scope out mortgages in the London market.
- Business Wire
Business Wire DD Test Yahoo Release LOGO (01.14.20)
In a release dated December 4, 2019, the fiscal year 2019 adjusted diluted EPS in the Fourth Quarter and Fiscal 2019 Outlook table was incorrect due to a miscalculation of the adjusted diluted share count. The correct adjusted diluted EPS is $11.42 - $11.54, and the associated % growth vs. prior year is 46% - 48%. All other guidance figures in the table including adjusted net income are correct.
- Yahoo Finance
Study: 'Hotspotting' social factors not that effective in taming health costs
Does addressing social factors help curb health care spending and improve care? A new study suggests it might not be that easy.
- Bloomberg
TPG Is Raising New Fund Focused on Public Company Stakes
(Bloomberg) -- The Barbarians are back at the gates, only this time they say they want to help.Private equity giant TPG is raising a fund to invest in public companies and will offer its experience to aid better decision making, according to people familiar with the matter.The soon-to-be-announced Strategic Capital Fund will primarily focus on building minority positions in large companies, said the people, who asked not to be identified because the matter isn’t public. The fund will seek board seats and provide advice on addressing a range of corporate governance and environmental issues, they added.While that may sound like an activist play, TPG’s new fund won’t write attack letters, launch proxy fights or agitate for management changes, the people said. Instead, it will mirror the sort of engaged, long-term investments made by Warren Buffett’s Berkshire Hathaway Inc., the people said. In recent years, Berkshire has specialized in providing equity to companies-- often those in need of acquisition capital -- in exchange for board representation and preferred stock.The fund will be significant and typical investments will represent at least 5% of a company’s equity, the people said. It couldn’t be learned how much TPG is looking to raise.A representative for TPG declined to comment.The prospect of making minority bets on public companies, once rare in private equity, highlights just how much the industry has coalesced with traditional asset management. It also underscores the creative imperative for sponsors as they grapple with record amounts of stockpiled cash and lofty public market valuations.Executives responsible for launching the new venture believe bringing TPG’s private equity skills into a public company boardroom will bolster decision-making, according to the people.TPG, with offices in Fort Worth, Texas, and San Francisco, has been developing other lines of business, including special purpose acquisition vehicles and two social-impact funds. The firm, co-founded by Jim Coulter, raised almost $14 billion last year for its eighth flagship fund and a supplementary health-care pool.To contact the reporter on this story: Ed Hammond in New York at ehammond12@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
- Yahoo Finance
Hedge fund manager Bill Ackman delivers 58.1% return for investors in 2019
The activist investor has kept a relatively low profile compared to previous years.
- Yahoo Finance
Ex-LVMH boss on why Buffett passed on Tiffany: 'They need to polish up the diamond'
Warren Buffett isn’t looking to add something shiny to his portfolio, and Pauline Brown has an idea why.
- Yahoo Finance
President Donald Trump ties former President Barack Obama as most admired man in the U.S.
President Donald Trump has tied the former President Barack Obama for the most admired man in the U.S., according to Gallup’s annual poll.
- Yahoo Finance
Warren Buffett or Walmart should spend billions to buy FedEx: top strategists
It's time for FedEx to be sold, says two equities strategists.
- Bloomberg
Buffett Deputy Combs to Lead Geico While Running Portfolio
(Bloomberg) -- When he’s not managing a $14 billion stock portfolio for Warren Buffett, Todd Combs will now also be running the second-biggest U.S. auto insurer.Berkshire Hathaway Inc. tapped one of its two key investing deputies to replace Bill Roberts as chief executive officer of auto insurer Geico starting next year. Roberts, who is wrapping up 35 years at Geico, will become vice chairman in January and leave the company at the end of next year.The move is the latest reshuffling at the top of Geico, one of Berkshire Hathaway’s biggest operating units. Tony Nicely, who ran Geico for decades, stepped down from the role in 2018. The business produced $26.5 billion in underwriting revenue in the first nine months of 2019, up 7.2% from a year earlier.“I am looking forward to taking on the responsibilities of CEO at GEICO,” Combs said in the statement. “They have a strong senior management team, a great organization of 40,000 employees, a great brand, and are a very successful insurance company.”Combs, who joined Berkshire almost a decade ago, has been taking on a wider range of tasks, including spearheading the company’s health-care joint venture with JPMorgan Chase & Co. and Amazon.com Inc. Ajit Jain, one of Berkshire’s two vice chairmen, oversees all of the company’s insurance units.Nicely, who remains executive chairman, said in the statement that Roberts told him last month that, given he was about to turn 70, he planned to retire in 2020.Combs, 48, spent a few years at rival Progressive Corp. earlier in his career, before going on to manage a hedge fund. He joined Berkshire in 2010, and was joined as a portfolio manager under Buffett by Ted Weschler a couple years later.He’s the latest Buffett deputy to make a change in recent months. Tracy Britt Cool, who had worked with the billionaire investor for years, announced in September that she planned to leave to start her own firm.(Adds Jain’s role in fifth 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, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Warren Buffett’s 2020 New Year’s Resolution
(Bloomberg Opinion) -- He’s making a list and checking it twice, but can’t find a takeover target that’s nice.Warren Buffett is the jolly man of the stock market. However, the chairman and CEO of Berkshire Hathaway Inc. has also been a bit of a Scrooge this year, as he continues to pass up acquisitions and instead hoard his money. The billionaire has long been seeking a really big deal on which to spend some of his company’s $128 billion of cash, except everything is overpriced in his view. To make matters more frustrating, Berkshire’s own shares are lagging behind the broader U.S. market by the most since 2009.While 2019 wasn’t Buffett’s worst year, it was surely one of his dullest. With Berkshire’s cash pile reaching new heights, Buffett has said that just the thought of taking over another company — he’s acquired nearly 200 during his career — causes his heart “to beat faster.” Instead, this chart of Berkshire’s stock performance looks like it’s almost flat-lining:Berkshire shares are on track to end the year up a modest 11%, trailing the S&P 500 index by 20 percentage points. That’s even as the company posted record operating profit in the latest quarter.Buffett, who turned 89 in August, is the fourth-richest person in the world, and it’s hard for the fourth-richest person in the world to have too bad of a year. But for one of the most celebrated investors and dealmakers of all time, who also enjoys basking in the spotlight, the deal dry spell isn’t much fun. Without any new acquisitions to rave about, even Buffett’s highly anticipated annual letters — the release of which investors treat like tickets dropping for a Beyonce concert — lately have been shorter than usual and have lacked his characteristic bawdy metaphors. (That’s not to say a retreat from the dirty-grandpa humor isn’t welcomed by this writer.)Berkshire’s last large takeover — the kind he dubs “elephants” — was Precision Castparts, an aerospace-parts supplier, for $37 billion; it was completed nearly four years ago. This year, Berkshire merely provided $10 billion of high-interest financing to help another company, Occidental Petroleum Corp., make an acquisition; that barely put a dent in Berkshire’s cash. It was then outbid in November for software distributor Tech Data Corp. in what would have been a $5 billion deal.(1) Berkshire had considered selling debt in Europe, which might have been a precursor to a significant acquisition overseas, but that never panned out. At the end of the day, the company’s splashiest investment of the year was an $861 million stake in Amazon.com Inc. The closest thing Buffett found to an elephant might just be this stuffed animal, an item sold at RH, a small home-furnishings retailer in which Berkshire recently bought a stake.Though it was a boring year, 2019 marks the end of what was perhaps Berkshire’s most transformative decade. It became the owner of one of America’s most expansive railroad systems, BNSF, while recognizable brands including Duracell and Kraft Heinz (for better or worse) also joined the Berkshire family. At the start of the decade, consumer stocks such as Coca-Cola Co. and Procter & Gamble Co. accounted for the biggest share of Berkshire’s stock-market holdings. Now, Apple Inc. and some banks and credit-card companies together comprise almost three-quarters of its portfolio. Buffett also took meaningful steps toward succession planning by promoting Greg Abel and Ajit Jain to oversee all Berkshire’s operations and thus raising their public profiles. Buffett and Berkshire Vice Chairman Charlie Munger — who turns 96 on New Year’s Day — were asked during the last shareholder meeting in May whether their successors will have to transition the company from an acquisition-and-investment vehicle into an entity focused instead on returning capital through stock buybacks and dividends. “That’s certainly a possibility,” maybe even during his time, Buffett said. “But we will have to see how that works out over many years, because certain years huge opportunities present themselves and other years are totally dry holes.” Berkshire spent about $2.8 billion repurchasing class A and B shares in the first nine months of 2019, up from $0 in 2017.U.S. stocks haven’t been getting any cheaper for Buffett. That said, some see his hoarding of cash partly as an insurance policy in case his health deteriorates, so that there’s added financial flexibility for the next CEO. But knowing Buffett, he’ll want to go out with a bang. Finding one last elephant should be his New Year’s resolution. (1) Buffett was also close to doing a “very large” transaction around this time last year, but it fell apart, as did attempted deals involving Unilever Plc and Oncor Electric Delivery Co. in 2017.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or 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/opinion©2019 Bloomberg L.P.
- TEST Business Wire Releases
Business Wire DD Test Yahoo Release VIDEO #1 (12.19.19)
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- Yahoo Finance
Warren Buffett's work ethic and integrity are 'extraordinary': Kathy Ireland
The Oracle of Omaha doesn’t sit around dispensing wisdom — he works at it, says Kathy Ireland, a former supermodel and the multi-millionaire CEO of Kathy Ireland Worldwide.
- 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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- 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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- TEST Business Wire Releases
Business Wire DD Test Release VIDEO (12.03.19)
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- 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.
- 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 $140 per share last week, and did not intend to go higher.
- FX Empire
US Stock Market Overview – Stocks Decline, Led by Energy, The Nasdaq Rises 4.5% for November
the VIX rallies for the week
- TEST Business Wire Releases
CORRECTION: Business Wire DD Test Release LOGO (11.26.19) © ® ™ é ñ ü ç î ò ! @ #$%^&*()+=?/~`.,:;"’{[}]|\<,>.
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- 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.
- 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."
