We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Liberty Global Ltd | NASDAQ:LBTYA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 1.24% | 16.35 | 16.18 | 17.12 | 16.63 | 16.12 | 16.15 | 1,935,672 | 01:00:00 |
By Anupreeta Das
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) bought 11 million shares of Verizon Communications (VZ) and reduced its stake in General Motors Co. (GM) and DirecTV (DTV) during the first quarter, according to a regulatory filing.
The Verizon stake was valued at about $524 million as of the end of March. Given the size of the stake, it's likely to be a purchase made by one of Mr. Buffett's two investment managers.
The Omaha, Neb.-based investor has previously said he typically picks the big, multibillion-dollar positions for Berkshire while his managers, Ted Weschler and Todd Combs, buy smaller stakes.
Each of the two managers has over $7 billion to manage in a U.S. portfolio of 45 stocks valued at roughly $106 billion. During the quarter, Berkshire reduced its stake in satellite television company DirecTV, another investment of the duo, by 2 million shares. Berkshire still owns 34.5 million shares of DirecTV, which were valued at $2.6 billion at the end of the first quarter.
The Wall Street Journal has reported that AT&T Inc. (T) is in talks to buy DirecTV for about $50 billion. At that price, Berkshire stands to make a profit on its holding of the stock.
Berkshire also cut its position in General Motors by 10 million shares, and now owns 30 million shares valued at about $1 billion.
The company increased its stake in International Business Machines Corp. (IBM) slightly. IBM, along with Wells Fargo & Co. (WFC), Coca-Cola Co. (KO) and American Express (AXP), are Mr. Buffett's "Big Four" stocks, collectively worth more than $60 billion.
Write to Anupreeta Das at Anupreeta.Das@wsj.com
Access Investor Kit for AT&T, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US00206R1023
Access Investor Kit for American Express Co.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US0258161092
Access Investor Kit for Berkshire Hathaway, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US0846701086
Access Investor Kit for Berkshire Hathaway, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US0846707026
Access Investor Kit for The Coca-Cola Co.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US1912161007
Access Investor Kit for DIRECTV
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US25490A3095
Access Investor Kit for General Motors Co.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US37045V1008
Access Investor Kit for International Business Machines Corp.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US4592001014
Access Investor Kit for Verizon Communications, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US92343V1044
Access Investor Kit for Wells Fargo & Co.
Visit http://www.companyspotlight.com/partner?cp_code=A591&isin=US9497461015
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Liberty Global Chart |
1 Month Liberty Global Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions