Berkshire Hathaway Inc.'s (BRK-B) closing price of $167.28

Apple's shares that Berkshire had at the end of Q3 were 15.2 million and by the end of Q4, the company took it to 57.4 million, which amounts to almost $7.74 billion. Its 57.4 million shares as of that date would be worth about $7.7 billion. "Buffett clearly did not believe that scenario", he added.

The airline investments, meanwhile, suggest that Buffett has overcome his two-decade aversion to the sector after an unhappy - though, he has said, profitable - investment in US Air Group.

Vetr lowered shares of Berkshire Hathaway Inc. Buffett's conglomerate nearly quadrupled its stake in Apple and increased holdings sevenfold in the four biggest U.S. airlines.

Berkshire Hathaway made other changes.

Apple shares, which have rallied 42% in the last 12 months, surged to a new high on Tuesday and continued to move ahead on Wednesday, exhibiting rising interest among investors. Maybe at that point Buffett got a good deal, but fast forward to the final three months of 2016 - the time period when Buffett was most active in accumulating shares - the stock was trading at an average price-to-forward earnings ratio of 12.4, now above the five-year average.

Major Berkshire investments such as Wells Fargo & Co (WFC), The Coca-Cola Co (KO) and IBM are Buffett's ideas, but the 86-year-old has given more responsibility to Todd Combs and Ted Weschler in recent years.

But their decisions have sometimes influenced Buffett, as when Berkshire past year paid Dollars 32.1 billion for aircraft parts maker Precision Castparts Corp, once a Combs investment. With a market capitalization, or share price times total shares outstanding, of $711 billion, Apple is the most valuable public company in the world. "More planes are traveling more full".

Such increases often occur when investors perceive that Berkshire has given a company its imprimatur.

At the end of 2016, that Berkshire Hathaway holding was worth $6.6 billion.

Related:

  • Factual leaks infuriate a president who tweets nonsense

    The investigations predate the dismissal of retired Lieutenant General Michael Flynn as national security adviser on Monday. Flynn, 58, had come under intense scrutiny Monday night for conversations he had with Russian ambassador Sergey I.

    Germany anxious of jobs cuts from possible sale of GM's Opel

    A combined group would have a more than 16 percent share of European auto sales. In response, GM said the pair had been working together since 2012.
    Floyd Mayweather v Conor McGregor: American reignites talk of potential bout

    Floyd Mayweather v Conor McGregor: American reignites talk of potential bout

    The objective ? "A possible rehearing of McGregor's prior order arising out of his conduct during a UFC 202 press conference". Since then, with the betting public putting their support behind the UFC's Irish superstar, our Mayweather vs.
  • Kareena Kapoor Khan says if needed she will take Taimur on shoots

    Kareena Kapoor Khan says if needed she will take Taimur on shoots

    Because we don't want to go one step forward and two steps back, which is what happens when you do a crash or extreme diet. Post pregnancy too, she didn't shy away from walking the ramp with all her glorious pregnancy weight.
    New Jersey ranks 29th on list of number of structurally deficient bridges

    New Jersey ranks 29th on list of number of structurally deficient bridges

    Almost 400 of the structurally deficient bridges have load and weight restrictions for vehicles crossing the structure. Of more than 4,200 bridges in CT , 8 percent are classified as structurally deficient, according to ARTBA.

    7 reasons why Facebook will autoplay sound despite complaints

    In Settings, instead of "On Mobile Data and Wi-Fi Connections" or "On Wi-Fi Connections Only", select "Never Autoplay Videos". Some users are sure to be annoyed by the change to autoplaying audio in the News Feed that Facebook announced yesterday.
  • Kate Upton Sizzles on THREE Sports Illustrated Swimsuit Edition Covers

    Kate Upton Sizzles on THREE Sports Illustrated Swimsuit Edition Covers

    Serena first flashed a ring on that finger just days ago as she boarded a helicopter in New Zealand with her fiance. "Deep. It feels insulting, implying that I am somehow being taken advantage of, that I am not empowered in my own decisions.
    ROE of Gilead Sciences Inc. (NASDAQ:GILD) stands at 82.9

    ROE of Gilead Sciences Inc. (NASDAQ:GILD) stands at 82.9

    On average, equities analysts expect that Gilead Sciences, Inc . will post $8.88 earnings per share for the current fiscal year. Following the transaction, the insider now owns 3,204,433 shares in the company, valued at approximately $235,814,224.47.
    President Trump's Secretary Of Labor Nominee Withdraws Nomination

    President Trump's Secretary Of Labor Nominee Withdraws Nomination

    Representatives for Puzder vehemently deny the allegations against him. Now that Andy Puzder, President Donald Trump's nominee for Labor U.S.
  • Listen to Maroon 5's New Song with Future, 'Cold'

    Today the band is back with a brand new single for our ears to devour, pairing up with Future for a new track called "Cold". The new single sees the band drifting further away from the pop-rock that made them stars over 10 years ago.
    Asamoah Gyan Ghanaian striker gets warning for his 'unethical hair'

    Asamoah Gyan Ghanaian striker gets warning for his 'unethical hair'

    The warning letters sent to players are part of a move to prevent the footballers from influencing children. The 31 year old, is contracted to Shanghai SIPG but is now in the midst of a loan spell at Ah Ahli.
    Hernangomez leads the Nuggets victory 132-110 against the Warriors

    Hernangomez leads the Nuggets victory 132-110 against the Warriors

    Barton drove to the basket and connected on a floater as the Nuggets reeled off a quick-fire 8-0 run to put the game out of reach. When he's in traffic, Jokic moves and leaps with his arms fully outstretched, which just makes everything he does harder to stop.

Comments

Other news