About 48% of Warren Buffett’s Berkshire Hathaway portfolio is invested in just three stocks.
Granted, the 94-year-old Oracle of Omaha – now worth more than $142 billion — oversees about 50 stocks at the firm. But about half those holdings are concentrated in three stocks.
That includes: Company: Apple (SYM: AAPL) While Buffett did sell about 500 million shares of Apple over the last year, Berkshire Hathaway still holds about 400 million shares of the tech giant valued at about $90.7 billion, or 28.8% of its $315 billion portfolio. Helping, the company announced a massive $110 billion buyback earlier this year, and even yields about 0.45%. Analysts at Citi also raised their price target on Apple to $132, with a buy rating. The analysts say the tech giant is on a clear path to meet full-year 2024 guidance and says the company could raise its adjusted EPS forecast to a new range of $6.38 to $6.50. |
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Company: Bank of America (SYM: BAC) Over the last few days, Berkshire sold about 9.5 million shares of Bank of America, which generated about $338 million, according to Reuters. Still holding about 10.2% of BAC shares valued at about $31.4 billion, that makes up about 10% of Berkshire’s portfolio. Helping, analysts at JPMorgan just raised their price target on the BAC stock to $47 from $43 with an overweight rating ahead of Bank of America earnings on October 15. |
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Company: Coca-Cola (SYM: KO) Buffett has a long history with Coca-Cola and still reportedly drinks five cans a day. Nowadays, Buffett’s Berkshire Hathaway owns 400 million shares, valued at over $28 billion and makes up about 10% of the portfolio. Better, Coca-Cola yields about 2.8% and recently paid out a dividend of 48.5 cents on October 1 to shareholders of record as of September 13. Plus, Morgan Stanley says the strong run in Coca-Cola will continue. With a $78 price target, the firm said, “We continue to like KO here in an absolute sense and even more relative to a group struggling with slowing [organic sales growth], as Coke’s fundamentals increasingly disconnect favorably from the group,” as quoted by Seeking Alpha. |