> Warren Buffett Blog: November 2018

Wednesday, November 21, 2018

Berkshire exits out of Walmart Shares

Berkshire Hathaway has sold its remaining Walmart Inc. shares, according to the most recent 13F filing. This has ended a relationship that dates back more two decades. The world’s largest retailer was once one of Berkshire’s five biggest equity holdings as recently as 2014, valued at more than $5 billion, but Amazon’s encroachment since then has prompted Berkshire to pare down that stake. Walmart shares have risen 2.8 percent this year, compared with Amazon’s 37 percent boost.

Buffett has long highlighted the vulnerability of iconic retailers, citing Sears, F.W. Woolworth and Montgomery Ward as merchants that lost their dominant positions. More recently, he’s focused on the threat from companies like Amazon that sell everything from food to clothes and electronic gadgets online. While Buffett is known for sticking with stocks like Coca-Cola Co. for decades, he’s not wedded to favorites when circumstances change.

Monday, November 19, 2018

Berkshire buys shares in JPMorgan Chase, PNC Financial, Travelers, Oracle

Berkshire-Hathaway said it bought more than 35 million shares of big bank JPMorgan Chase and 41 million shares of software giant Oracle in 2018. At the time of disclosure Berkshires, JPMorgan stake was worth $4 billion and the Oracle stake was worth $2.1 billion approximately.

Berkshire also said it bought smaller stakes in another bank PNC Financial, as well as insurance company, Travelers. The firm also added to its stakes in Bank of America and Goldman Sachs.

Thursday, November 8, 2018

Berkshire Q3 2018 earnings sky rocket higher

Berkshire released its Third Quarter 2018 earnings, which showed that its quarterly operating profit nearly doubled from Q3 2017 due to stronger insurance results and lower taxes.

Helping the company's massive insurance operations were lower estimated liabilities from property and casualty insurance in prior years and lower taxes.

The year prior included major losses due to three U.S. hurricanes and an earthquake in Mexico. The company added that it had made $928 million in share repurchases in the three-month period.

Operating profit in the second quarter rose to $6.88 billion from $3.44 billion a year earlier, and higher than the $6.11 billion expected by Wall Street.

Tuesday, November 6, 2018

Buffett buys Berkshire stocks

Berkshire Hathaway Inc.'s chairman Warren Buffett poured more money into stock purchases last quarter than he has in more than four years. Buffett also spent $928 million on share buybacks during a few weeks in August, a move he's typically spurned. The repurchases amounted to less than 1 percent of the company's cash.

This year Berkshire's total cash pile has remained near $100 Billion.