Warren Buffett continues to buy shares of Berkshire Hathaway, reducing outstanding shares.

From Nasdaq: 2024-10-11 05:06:00

Warren Buffett, CEO of Berkshire Hathaway, is closely followed for his impressive track record, boasting a nearly 5,500,000% return in his company’s stock since the 1960s. Buffett’s openness about his investment strategies and love for value investing make him a popular figure among investors.

One stock Warren Buffett continues to buy, regardless of valuation, is shares of Berkshire Hathaway itself. Since July 2018, Buffett has spent close to $78 billion repurchasing shares, steadily reducing the company’s outstanding share count and rewarding long-term investors.

Despite selling over 500 million shares of Apple, Warren Buffett’s top holding in Berkshire Hathaway, he initially invested in the tech giant during a period of low valuation. Apple’s Services division has contributed significantly to its growth, helping to maintain user loyalty and improve operating margins.

Another key investment by Warren Buffett is Bank of America, which he purchased at a bargain price following the financial crisis. While the bank has benefitted from interest rate increases and legal issues being resolved, Buffett has recently sold over $10 billion in BofA stock as its price has risen above book value.

With $30 billion in cash on its balance sheet and a record $276.9 billion in cash, Berkshire Hathaway continues its share buyback program. Buffett views his company’s stock as intrinsically cheap, allowing him to reward shareholders and increase ownership stakes through buybacks.



Read more at Nasdaq: This Is the One Stock Warren Buffett Keeps Buying, Regardless of Valuation