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MarketScreener Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway Inc.    BRK.A

BERKSHIRE HATHAWAY INC.

(BRK.A)
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Buffett's Berkshire builds Deere stake, dumps Exxon

02/17/2015 | 07:05pm EST
Financial investor Warren Buffett looks on during an announcement ceremony at Northwestern University in Evanston

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc (>> Berkshire Hathaway Inc.) on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere & Co (>> Deere & Company) and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp (>> Exxon Mobil Corporation) as oil prices plunged.

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc (>> Berkshire Hathaway Inc.) on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere & Co (>> Deere & Company) and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp (>> Exxon Mobil Corporation) as oil prices plunged.

The changes were among several that Berkshire made in its common stock investments in the fourth quarter, according to a U.S. Securities and Exchange Commission filing detailing the conglomerate's domestic equity investments as of Dec. 31.

Berkshire began accumulating the bulk of its 17.1 million-share stake in Deere, worth $1.51 billion at year end, in the third quarter of 2014, but had not previously disclosed it. The SEC often lets Buffett quietly accumulate large stakes to deter copycats.

Deere shares rose 1.2 percent in after-market trading.

Shares of companies often rise after Berkshire reveals new investments because some investors consider it a vote of confidence by Buffett and try to copy him.

Deere declined to comment.

Berkshire's decision to dispose of its entire 41 million-share stake in Exxon Mobil was unusual for Berkshire because the stake had been recently acquired, dating only to 2013.

Exxon shares have outperformed many peers in recent months, losing only about 15 percent of their value from June through January as oil prices slumped by more than half.

It is unclear why Buffett appeared to have soured on Exxon, or whether Berkshire made money on the investment.

Buffett "is of course a value investor, and the fact of the matter is that Exxon shares held up extremely well during the oil price meltdown," said Raymond James energy analyst Pavel Molchanov in an interview.

Exxon Mobil declined to comment.

Berkshire also reported a new stake of 4.7 million shares in Rupert Murdoch's media company Twenty-First Century Fox Inc (>> Twenty-First Century Fox Inc).

It further reported a new 8.4 million-share stake in Restaurant Brands International Inc <QSR.N> (>> Restaurant Brands International Inc), the parent of the Burger King and Tim Hortons restaurant chains. Berkshire helped finance Burger King's purchase of Tim Hortons last year and got Restaurant Brands shares through the merger.

Berkshire also added to holdings in IBM Corp (>> International Business Machines Corp.), General Motors Co (>> General Motors Company), Phillips 66 (>> Phillips 66), Suncor Energy Inc (>> Suncor Energy Inc.) and DirecTV (>> DIRECTV), among others, and shed stakes in oil company ConocoPhillips (>> ConocoPhillips) and pharmacy benefits management company Express Scripts Holding Co (>> Express Scripts Holding Co).

U.S. regulators require large investors to disclose their stock holdings every quarter.

Berkshire, based in Omaha, Nebraska, owns more than 80 businesses ranging from Dairy Queen ice cream to Geico insurance to the BNSF railroad.

(Reporting by Luciana Lopez and Jonathan Stempel; Editing by Steve Orlofsky)


© Reuters 2015
Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. -0.70% 350320 Delayed Quote.0.72%
CONOCOPHILLIPS -5.74% 45.12 Delayed Quote.12.83%
DEERE & COMPANY -2.46% 295.4 Delayed Quote.9.79%
EXXON MOBIL CORPORATION -4.81% 47.89 Delayed Quote.16.18%
FOX CORPORATION 0.70% 31.49 Delayed Quote.8.14%
GENERAL MOTORS COMPANY -3.03% 49.97 Delayed Quote.20.00%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.45% 128.39 Delayed Quote.1.99%
LETS HOLDINGS GROUP CO., LTD. -0.13% 7.71 End-of-day quote.-0.90%
PHILLIPS 66 -3.24% 71.74 Delayed Quote.2.57%
RESTAURANT BRANDS INTERNATIONAL INC. 0.09% 80.14 Delayed Quote.2.88%
RISE, INC. -4.17% 23 End-of-day quote.-4.17%
SUNCOR ENERGY INC. -2.27% 22.83 Delayed Quote.9.41%
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Financials (USD)
Sales 2020 - - -
Net income 2020 18 553 M - -
Net cash 2020 13 217 M - -
P/E ratio 2020 29,6x
Yield 2020 -
Capitalization 548 B 548 B -
EV / Sales 2020 -
EV / Sales 2021 2,01x
Nbr of Employees 391 500
Free-Float 77,8%
Chart BERKSHIRE HATHAWAY INC.
Duration : Period :
Berkshire Hathaway Inc. Technical Analysis Chart | BRK.A | US0846701086 | MarketScreener
Technical analysis trends BERKSHIRE HATHAWAY INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 376 666,67 $
Last Close Price 350 320,00 $
Spread / Highest target 14,2%
Spread / Average Target 7,52%
Spread / Lowest Target -0,09%
EPS Revisions
Managers and Directors
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
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