The headlines of Fox Business Flash are here. See what clicks on FoxBusiness.com.
Warren Buffett and his Berkshire Hathaway company have a stake in DaVita Inc. increase, a healthcare company specializing in kidney health and diseases.
AMAZON-BERKSHIRE-JPMORGAN HEALTHCARE VENTURE, PORT, CLOSES IN FEBRUARY
According to a regulation filed with the Securities and Exchange Commission on February 12, Berkshire Hathaway’s stake in DaVita now stands at 33% with a total of 36,095,570 shares. Berkshire Hathway remains the largest shareholder in DaVita.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY B | 245.28 | +2.82 | + 1.16% |
| DVA | DAVITA | 103.96 | -0.94 | -0.90% |
The move comes after Berkshire Hathway sold 2 million shares of DaVita for $ 176 million in September, a price of $ 88 per share, and just four days after DaVita posted a fourth-quarter net income of $ 173.77 million, or $ 1.50 per share, compared to $ 244.87 reported. million, or $ 1.88 per share, a year ago.
GET FOX BUSINESS ON THE GO by clicking here
DaVita was not alone in getting the financial “thumbs up” from the “Oracle of Omaha”.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| VZ | VERIZON COMMUNICATIONS INC. | 54.15 | -0.05 | -0.09% |
| CVX | CHEVRON CORP. | 93.06 | +0.49 | + 0.53% |
| SSP | EW SCRIPTURES | 17.57 | +0.06 | + 0.34% |
A 13-F submission shows that Berkshire Hathway now owns 147.6 million shares of telecommunications giant Verizon by the end of 2020. The position is valued at approximately $ 8.6 billion and is the sixth largest position in Berkshire’s portfolio. Buffett’s giant holding company also bought 48.4 million shares of Chevron and 23.07 million shares of EW Scripps, the country’s fourth largest local TV broadcaster, which also has several cable and digital video services in its portfolio.
CLICK HERE TO READ MORE ABOUT FOX BUSINESS
Berkshire also strengthened its positions in pharmaceutical companies AbbiVie, Bristol Myers Squibb and Merck, while all its shares were sold in Pfizer.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| ABBV | ABBVIE INC. | 104.23 | -0.30 | -0.29% |
| BMY | BRISTOL-MYERS SQUIBB | 59.40 | -0.59 | -0.98% |
| MRK | MERCK & CO INC. | 74.25 | -0.75 | -1.00% |
| PFE | PFIZER INC. | 34.68 | -0.06 | -0.17% |
The company also left positions in JPMorgan Chase and PNC Financial, shrinking its position in Wells Fargo by approximately 58% and selling 74.95 million shares.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & CO. | 144.67 | +3.37 | + 2.38% |
| PNC | PNC FINL SVC | 169.87 | +7.41 | + 4.56% |
| WFC | WELLS FARGO & COMPANY | 34.77 | +1.25 | + 3.73% |
It also shrank its stake in Apple by 5.4% after selling 57.16 million shares.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AAPL | APPLE INC. | 133.19 | -2.18 | -1.61% |
Apple continues to be Berkshire Hathway’s largest shareholder, with a total of 907,559,761 shares worth approximately $ 120 billion at the end of 2020
Buffett also ended its investment in Barrick Gold Corp. In August last year, the investment of more than $ 500 million raised many eyebrows on Wall Street, as Buffett was rarely an impetus for the precious metal.
Buffett did not buy into the company soon, but his stock rose to a 7-year high. The stock for Barrick partially closed on Tuesday, but has been down more than 16% over the past three months.