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Buffett's Berkshire Buys Verizon, Boosts Stake in Liberty Global, Wal-Mart

Holly LaFon

Holly LaFon

255 followers
Warren Buffett (Trades, Portfolio) is now joined by his two investing side-kicks, Ted Weschler and Todd Combs, who make independent decisions about stocks for Berkshire Hathaway (BRK.A)(BRK.B)’s portfolio. The three have unveiled their first-quarter stock activity. The new buy was Verizon (VZ), with sizable adds going to Liberty Global Plc (LBTYK)(LBTYA) and Wal-Mart Stores Inc. (WMT).

Verizon Communications Inc. (VZ)

Berkshire Hathaway purchased 11,022,743 shares of Verizon Communications in the first quarter, making it a 0.5% portfolio position. The share price on average was $47 for the quarter.

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Verizon Communications Inc., a Delaware corporation, was incorporated in 1983. Verizon Communications Inc has a market cap of $198.44 billion; its shares were traded at around $47.92 with a P/E ratio of 12.00 and P/S ratio of 1.20. The dividend yield of Verizon Communications Inc stocks is 4.40%. Verizon Communications Inc had an annual average earnings growth of 4.60% over the past 10 years. GuruFocus rated Verizon Communications Inc the business predictability rank of 4-star.

Liberty Global PLC (LBTYK)

Berkshire also made an increase of 149.19% to its position in Liberty Global Plc K-shares, upping the holding to 7,346,968 shares, or 0.28% of the portfolio. The shares had an average cost of $41 in the first quarter.

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Berkshire raised its amount of A-shares to 7,346,968, or 0.29% of the portfolio, also an increase of 149.19%. The stock’s average price was $43 in quarter one.

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Liberty Global Plc, formerly Liberty Global Inc., a Delaware corporation, is an international cable company with operations in 14 countries. Liberty Global Plc has a market cap of $32.74 billion; its shares were traded at around $41.65 with and P/S ratio of 1.0. Liberty Global Plc had an annual average earnings growth of 18.10% over the past 10 years.

Wal-Mart Stores Inc. (WMT)

Berkshire boosted its stake in Wal-Mart Stores Inc. by 8,568,679 shares, bringing the total position to 58,052,412 shares. It has a 4.1% portfolio weight, making it his fifth largest holding. The stock’s share price averaged $75 per share in the first quarter.

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Wal-Mart Stores Inc., a Delaware corporation, was incorporated in October 1969. Wal-Mart Stores Inc. has a market cap of $248.26 billion; its shares were traded at around $76.88 with a P/E ratio of 15.70 and P/S ratio of 0.50. The dividend yield of Wal-Mart Stores Inc stocks is 2.50%. Wal-Mart Stores Inc. had an annual average earnings growth of 9.30% over the past 10 years. GuruFocus rated Wal-Mart Stores Inc. the business predictability rank of 4.5-star.

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