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Warren Buffett and his company Berkshire Hathaway have increased their stake in DaVita Inc., a healthcare company specializing in kidney and kidney disease.
AMAZON-BERKSHIRE-JPMORGAN HEALTH CARE VENTURE, HAVEN, CLOSING IN FEBRUARY
According to a regulatory document dated February 12 from the Securities and Exchange Commission, Berkshire Hathaway’s stake in DaVita is now 33%, with a total of 36,095,570 shares. Berkshire Hathway remains DaVita’s largest shareholder.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY B | 245.28 | +2.82 | + 1.16% |
| DVA | DAVITA | 103.96 | -0.94 | -0.90% |
The move comes after Berkshire Hathway sold 2 million DaVita shares in September for $ 176 million, a price per share of $ 88, and just four days after DaVita reported fourth quarter net income of $ 173 , 77 million, or $ 1.50 per share compared to $ 244.87 million, or $ 1.88 per share, a year ago.
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DaVita was not the only one to obtain the financial “positive thumb” of the “Oracle of Omaha”.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| VZ | VERIZON COMMUNICATIONS INC. | 54.15 | -0.05 | -0.09% |
| CVX | CHEVRON CORP. | 93.06 | +0.49 | + 0.53% |
| SSP | EW SCRIPPS | 17.57 | +0.06 | + 0.34% |
A 13-F lawsuit shows that Berkshire Hathway now owns 147.6 million shares of telecoms giant Verizon in late 2020. The position is valued at about $ 8.6 billion and is the sixth largest position in the company’s portfolio Berkshire. Buffett’s giant holding company also bought 48.4 million shares of oil holder Chevron and 23.07 million shares of EW Scripps, the country’s fourth largest local TV broadcaster, which also has several digital and cable video services in your portfolio.
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Berkshire also increased its positions in the pharmaceutical companies AbbiVie, Bristol Myers Squibb and Merck, by selling all of its shares in Pfizer.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| ABBV | ABBVIE INC. | 104.23 | -0.30 | -0.29% |
| BMY | BRISTOL-MYERS SQUIBB | 59.40 | -0.59 | -0.98% |
| MRK | MERCK & CO. INC. | 74.25 | -0.75 | -1.00% |
| PFE | PFIZER INC. | 34.68 | -0.06 | -0.17% |
The company also exited positions in JPMorgan Chase and PNC Financial and reduced its position in Wells Fargo by about 58%, selling 74.95 million shares.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JP MORGAN CHASE & CO. | 144.67 | +3.37 | + 2.38% |
| PNC | PNC FINL SVC | 169.87 | +7.41 | + 4.56% |
| WFC | WELLS FARGO & COMPANY | 34.77 | +1.25 | + 3.73% |
It also reduced its stake in Apple by 5.4%, after selling 57.16 million shares.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 133.19 | -2.18 | -1.61% |
Apple still remains the largest shareholding in Berkshire Hathway, with a total of 907,559,761 shares with a value of around $ 120 billion at the end of 2020
Buffett also ended his investment in Barrick Gold Corp. Last August, the investment of more than $ 500 million raised many eyebrows on Wall Street, as Buffett was rarely a proponent of the precious metal.
As soon as Buffett bought for the company, his stock skyrocketed to its biggest high in 7 years. Barrick’s stock closed down on Tuesday, but has dropped more than 16% in the past three months.