Buffett's Apple stock purchase gains $1.1B in six weeks
The firm headed by mega-investor Warren Buffett almost quadrupled its stake in Apple during the final three months of 2016, a shopping spree that helped propel the company's shares to all-time highs, including new record peaks on Wednesday.
Berkshire had a stake in Southwest Airlines Co. valued at more than $2 billion as of December 31 and more than tripled its Apple holding to about 57 million shares, according to a regulatory filing on Tuesday from Buffett's Omaha, Nebraska-based company.
Now, with AAPL trading near the $135 mark at the close of business today, Berkshire's AAPL stock is worth some $7.74 billion if it still holds the stock. Apple, the largest stock by market cap, has gained 17% since the end of the year and closed at a record high Tuesday.
His comment comes after Berkshire almost quadrupled its stake in Apple last quarter.
Investors like to look at Berkshire's investments for ideas because of Buffett's remarkably successful track record.
Shareholders revolt over Thomas Cook pay as cautious outlook hits shares
In addition, its online division saw strong growth, rising up over 20 percent in the United Kingdom and double that figure in Germany.
Most believe the initial investment by Berkshire in Apple was by Weschler or Combs. That investment got attention when it was first disclosed a year ago because Buffett has always been reluctant to invest in technology companies. However their decisions are known to be influenced at times by Buffett.
Besides investments the Omaha, Nebraska-based Berkshire owns more than 90 subsidiaries, including insurance, utility and jewelry firms.
"It's quite possible that Warren woke up and began to understand the virtues of Apple that he had been neglecting or, like with Precision Castparts, Todd or Ted had an affinity for Apple that sparked interest from Warren", Russo said. During the past two decades, Buffett has focused more on acquisitions than picking stocks. "More planes are traveling more full".
Monsanto and Sirius did not immediately respond to requests for comment.
Niki Caro to direct live-action Mulan film
In addition, Disney has also brought in Hong Kong mega-producer Bill Kong to serve as executive producer for the film. Hence, the Tuesday announcement that Niki Caro has been hired to direct the remake coming with extra scrutiny.
Kim Jong Un's half-brother assassinated in KL
Speculation quickly spread in South Korea on Tuesday that Kim Jong Un might be behind the reported death of his half brother. The text is a series of interviews between Jong Nam and a Japanese reporter, explaining the Kim family relationship.
A chance to win #PizzaforLife on National Donor Day
For a look at the impact an organ donation can have watch the story above with a heart recipient out of Baldwinsville. This change could potentially increase enrollments for organ donors in NY by thousands.
Arizona Mother May Be Facing Deportation Due to Trump Immigration Order
Officials warned Mexicans in the U.S.to be cautious, aware of their rights and to stay in contact with their local consulate. Following her detention and deportation order, protests erupted in Phoenix and demanded her release. "She's working.
Trump attacks on judges 'demoralising': Supreme Court nominee Gorsuch
Mr Trump also promised to work on combating drug abuse and said there should be resources to deal with a "mental health crisis". But she appeared to say that he referred to any criticism of judges' ethics, not Trump's recent comments specifically.
United are going in the right direction - Mata
For anyone who saw Manchester United as a one-year pit stop for Zlatan Ibrahimovic , Jose Mourinho has other thoughts. Some players to leave, some players to come but in a very natural way so I think the word Ed used was a good one".
Hundreds of ordinary Kiwis rush to aid of beached whales
Farewell Spit has been described as a whale trap , as its long coastline can be hard for whales to navigate away from. Whales often get stuck at Golden Bay, a remote but popular holiday area at the top of New Zealand's south island.
Jayson Tatum at his best in second-half explosion against North Carolina
Grayson Allen, Jayson Tatum and Luke Kennard all played terrific games, while Frank Jackson scored double figures off the bench. The eighth-ranked Tar Heels are an outstanding team, a group very capable of getting back to the Final Four again this season.
Federal Court Will Not Reinstate Trump's Immigration Order
Trump immediately responded with an all-caps tweet: " SEE YOU IN COURT, THE SECURITY OF OUR NATION IS AT STAKE! ". While it seems the president plans to move the US Supreme Court, here are the reactions his tweet garnered.
Chaotic scenes as blaze in Hong Kong train injures 11
It is believed to be an isolated incident that is not linked to terrorism. "The smoke came from nowhere and spread very quickly". Tsim Sha Tsui station remained closed and the Tsuen Wan line was disrupted while the rest of the metro ran a normal service.
Feb 12 2017