Apple, Warren Buffett and Berkshire
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Warren Buffett's Berkshire Hathaway built a $1.6 billion stake in UnitedHealth last quarter, marking one of its last wagers with the investor as CEO.
The most significant addition was UnitedHealth Group Inc (NYSE:UNH), with 5,039,564 shares, accounting for 0.61% of the portfolio and a total value of $1.572 billion. The second largest addition to the portfolio was Lamar Advertising Co (NASDAQ:LAMR),
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24/7 Wall St. on MSNBuffett Dumps Apple Shares
Berkshire Hathaway sold 20 million shares of Apple in the period that ended June 30. The sale cannot be described as a vote of confidence.
In May, a 13F filing revealed that Berkshire Hathaway was buying mystery stocks. Now, at last, we know what they are.
However, Buffett has a keen eye for value and he never wants to overpay for a stock -- not even his own. Berkshire is currently trading at a price-to-sales ratio (P/S) of 2.5, which is a huge 25% premium to its 10-year average of 2.
Berkshire Hathaway is expected to reveal its mystery stock investment in its 13-F filing on Thursday. Here’s what to expect from the conglomerate on Aug. 14.