Nse Bse Tips, Berkshire Takes Huge Bite of Apple, Boosts Airline Stakes

Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest US airlines. 

In a regulatory filing, Berkshire reported owning 57.4 million shares of Apple as of Dec. 31, which would now be worth USD 7.74 billion, up from just from 15.2 million shares in the iPhone maker three months earlier. 

Berkshire also reported a USD 9.3 billion airline stake, with investments topping USD 2.1 billion in each of American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc. 

It also disclosed new stakes in satellite radio company Sirius XM Holdings Inc and seed company Monsanto Co, which is being bought by Germany's Bayer AG. Though it is unclear who make which investments, the filing appears to reflect much of the USD 12 billion of stock that Buffett said he had bought between the Nov. 8 Presidential election and the end of January.

Read more article Visit us http://www.ripplesadvisory.com/aboutus.php

No comments:

Post a Comment

Designed with by Way2themes | Distributed by Blogspot Themes