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Warren Buffett Buys 4 New Stocks, Sells 4 Old Stocks in Q3

Holly LaFon

Holly LaFon

261 followers
Warren Buffett, chairman of Berkshire Hathaway (BRK.A)(BRK.B), has revealed his and his two new portfolio managers’ stock picks for the third quarter. His largest new stock holdings are: Deere & Co. (DE), Precision Castpart Corp. (PCP), Wabco Holdings Inc. (WBC) and Media General Inc. (MEG).

Buffett also sold out of four holdings: Moldelez International Inc. (MDLZ), Ingersoll-Rand Plc (IR), Dollar General Corp. (DG) and CVS Corp. (CVS).



Deere & Co. (DE)

Berkshire bought 3,978,767 shares of Deere & Co. for $78 per share on average.

Deere & Company is the one world's foremost producers of agricultural equipment as well as a manufacturer of construction, forestry, and commercial and consumer equipment. Deere & Co. has a market cap of $33.01 billion; its shares were traded at around $84.92 with a P/E ratio of 11.2 and P/S ratio of 1. The dividend yield of Deere & Co. stocks is 2.2%. Deere & Co. had an annual average earnings growth of 11.6% over the past 10 years. GuruFocus rated Deere & Co. the business predictability rank of 2-star.

Precision Castparts Corp. (PCP)

Berkshire bought 1,248,901 shares of Precision CastParts for $161 per share on average.

Precision CastParts Corp. is a worldwide manufacturer of complex metal components and products. Precision CastParts Corp. has a market cap of $24.9 billion; its shares were traded at around $173.3 with a P/E ratio of 19 and P/S ratio of 3.5. The dividend yield of Precision CastParts Corp. stocks is 0.1%. Precision CastParts Corp. had an annual average earnings growth of 17.3% over the past 10 years. GuruFocus rated Precision CastParts Corp. the business predictability rank of 2.5-star.

Wabco Holdings Inc. (WBC)

Berkshire bought 1,599,064 shares of Wabco Holdings Inc. for $55.50 per share on average.

Wabco is one of the world's providers of electronic braking, stability, suspension and transmission control systems for heavy duty commercial vehicles. Wabco Holdings Inc. has a market cap of $3.72 billion; its shares were traded at around $57.5 with a P/E ratio of 12.7 and P/S ratio of 1.3.

Media General Inc. (MEG)

Berkshire bought 4,646,220 shares of Media General for $5 per share on average, which is 19.96% of the company.

Media General Inc. is an independent, publicly owned communications company with interests in newspapers, broadcast television, interactive media, recycled newsprint production and diversified information services. Media General Inc. has a market cap of $92.7 million; its shares were traded at around $3.92 with and P/S ratio of 0.2.

See Warren Buffett's portfolio here. Also check out the undervalued stocks, top growth companies and high yield stocks of Warren Buffett.


Rating: 4.2/5 (6 votes)

Comments

vgm
Vgm - 1 year ago
Holly,

It's become a quarterly ritual now to point out that your title should read: Berkshire buys...., not Buffett buys.
adamcz
Adamcz - 1 year ago
Those were obviously not Buffett buys.
vgm
Vgm - 1 year ago
"Those were obviously not Buffett buys."

The point doesn't need repeating. The title needs to be changed.

Please leave your comment:


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