1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Warren Buffett Buys Bank Of America Corp., Dow Jones & Co. Inc., Addsto US Bancorp, Sells H&R Block Inc., Pier 1 Imports Inc.

Warren Buffett buys Bank Of America Corp., Dow Jones & Co. Inc., sells H&r Block Inc., Pier 1 Imports Inc. during the 3-months ended 06/30/2007, according to the most recent filings of his investment company, Berkshire Hathaway. Warren Buffett owns 40 stocks with a total value of $61.1 billion. These are the details of the buys and sells.

Added: US Bancorp (de) (USB)

Warren Buffett added to his holdings in Banks company US Bancorp (de) by 59.11%. The impact to his portfolio due to this purchase was 0.74%. His holdings were 37,085,326 shares as of 06/30/2007.

U.S. Bancorp operates as the holding company for U.S. Bank that provides commercial banking and financial services in the United States. The bank engages in generating deposits and originating loans. US Bancorp (DE) has a market cap of $51.06 billion, its shares were traded at around $29.8 with with P/E ratio of 11.39 and P/S ratio of 3.97.

Added: Wellpoint Inc. (WLP)

Warren Buffett added to his holdings in Health Care Providers company Wellpoint Inc. by 328.7%. The impact to his portfolio due to this purchase was 0.42%. His holdings were 4,200,000 shares as of 06/30/2007.

WellPoint, Inc., through its subsidiaries, operates as a commercial health benefits company in the United States. It offers various network-based managed care plans to the large and small employer, individual, Medicaid, and senior markets. WellPoint Inc. has a market cap of $46.2 billion, its shares were traded at around $77.77 with with P/E ratio of 14.88 and P/S ratio of 0.79.

Added: UnitedHealth Group Inc. (UNH)

Warren Buffett added to his holdings in Health Care Providers company Unitedhealth Group Inc. by 369.94%. The impact to his portfolio due to this purchase was 0.31%. His holdings were 4,800,000 shares as of 06/30/2007.

UnitedHealth Group Incorporated provides healthcare services in the United States. Its Uniprise segment delivers health care and well-being services to employers, individual consumers, and other health care organizations, etc. Unitedhealth Group Inc. has a market cap of $64.23 billion, its shares were traded at around $49.04 with with P/E ratio of 15.20 and P/S ratio of 0.88.

Added: Sanofi-Aventis (SNY)

Warren Buffett added to his holdings in Pharmaceuticals company Sanofi-aventis by 326.15%. The impact to his portfolio due to this purchase was 0.18%. His holdings were 3,530,685 shares as of 06/30/2007.

Sanofi-Aventis engages in the research, development, manufacture, and marketing of healthcare products worldwide. The company has two business activities, pharmaceuticals and human vaccines. Sanofi-Aventis has a market cap of $107.48 billion, its shares were traded at around $40.25 with with P/E ratio of 18.38 and P/S ratio of 2.71.

New Purchase: Bank Of America Corp. (BAC)

Warren Buffett initiated holdings in Banks company Bank Of America Corp. (de). The impact to his portfolio due to this purchase was 0.7%. His holdings were 8,700,000 shares as of 06/30/2007.

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services in the United States and internationally. It operates through three segments: Global Consumer and Small Business Banking, Global Corporate banking. Bank of America Corp. (DE) has a market cap of $212.35 billion, its shares were traded at around $48.5 with with P/E ratio of 10.02 and P/S ratio of 3.14.

New Purchase: Dow Jones & Co. Inc. (DJ)

Warren Buffett initiated holdings in Publishing company Dow Jones & Co. Inc.. The impact to his portfolio due to this purchase was 0.26%. His holdings were 2,781,800 shares as of 06/30/2007.

Dow Jones & Company, Inc. provides global business and financial news, information, and insight through newspapers, newswires, magazines, the Internet, indexes, television, and radio. Dow Jones & Co. Inc. has a market cap of $5.02 billion, its shares were traded at around $58.6 with with P/E ratio of 14.51 and P/S ratio of 2.60.

Reduced: Covidien Ltd. Common Shares (COV)

Warren Buffett reduced to his holdings in Medical Equipment company Covidien Ltd. Common Shares by 36.9%. The impact to his portfolio due to this sale was 0.26%. Warren Buffett still held 1,577,550 shares as of 06/30/2007.

Covidien, Ltd., through its subsidiaries, engages in the development, manufacture, and distribution of medical devices and supplies, diagnostic imaging agents, pharmaceuticals, and other healthcare products for use in clinical and home settings. COVIDIEN LTD. COMMON SHARES has a market cap of $468.36K billion, its shares were traded at around $40.03 with with P/E ratio of 0.00.

Reduced: Tyco Electronics (TYC)

Warren Buffett reduced to his holdings in Diversified Industrials company Tyco Electronics by 36.9%. The impact to his portfolio due to this sale was 0.26%. Warren Buffett still held 1,577,550 shares as of 06/30/2007.

Tyco International, Ltd. operates as a diversified manufacturing and service company worldwide. Its Electronics segment designs electronic/electrical connector systems, fiber optic components, wireless devices, heat shrink products, circuit protection etc. Tyco Electronics has a market cap of $21.58 billion, its shares were traded at around $43.87 with with P/S ratio of 0.52.

Reduced: Tyco Electronics Ltd. (TEL)

Warren Buffett reduced to his holdings in Electrical Components & Equipment company Tyco Electronics Ltd. Common S by 36.9%. The impact to his portfolio due to this sale was 0.26%. Warren Buffett still held 1,577,550 shares as of 06/30/2007.

Tyco Electronics, Ltd. and its subsidiaries provide engineered electronic components, network solutions, and wireless systems worldwide. The company operates in four segments: Electronic Components, Network Solutions, Wireless Systems, and Other. TYCO ELECTRONICS LTD. COMMON S has a market cap of $16.12 billion, its shares were traded at around $32.99 with with P/S ratio of 1.21.

Reduced: Ameriprise Financial, Inc. (AMP)

Warren Buffett reduced to his holdings in Consumer Finance company Ameriprise Financial, Inc. by 41.2%. The impact to his portfolio due to this sale was 0.18%. Warren Buffett still held 2,517,562 shares as of 06/30/2007.

Ameriprise Financial, Inc. provides financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through two segments, Asset Accumulation and Income, and Protection. Ameriprise Financial, Inc. has a market cap of $12.99 billion, its shares were traded at around $57.55 with with P/E ratio of 19.11 and P/S ratio of 1.62.

Reduced: Western Union Compan (WU)

Warren Buffett reduced to his holdings in Financial Administration company Western Union Compan by 67.57%. The impact to his portfolio due to this sale was 0.07%. Warren Buffett still held 3,200,000 shares as of 06/30/2007.

The Western Union Company provides a range of money transfer and bill payment services worldwide. It offers various consumer-to-consumer money transfer services, primarily through a network of third-party agents using multi-currency and real-time money transfer. WESTERN UNION COMPANY has a market cap of $14.68 billion, its shares were traded at around $19.5 with with P/E ratio of 16.92 and P/S ratio of 3.24.

Sold Out: Pier 1 Imports Inc. (PIR)

Warren Buffett sold out his holdings in Specialty Retailers company Pier 1 Imports Inc.. The impact to his portfolio due to this sale was less than 0.01%.

Pier 1 Imports, Inc. operates as a specialty retailer of furniture, decorative home furnishings, dining and kitchen goods, bath and bedding accessories, and specialty items in the United States and Canada. Pier 1 Imports Inc. has a market cap of $563.04 billion, its shares were traded at around $6.8 with with P/S ratio of 0.37.

 

Sold Out: H&R Block Inc. (HRB)

Warren Buffett sold out his holdings in Specialized Consumer Services company H&r Block Inc.. The impact to his portfolio due to this sale was less than 0.01%.

H&R Block, Inc., a financial services company, provides tax, investment, mortgage, and accounting and business consulting services and products. It operates in three segments: Tax Services, Business Services, and Consumer Financial Services. H&R Block Inc. has a market cap of $6.23 billion, its shares were traded at around $19.08 with with P/S ratio of 1.53.

Union Pacific Corp. (UNP) and Norfolk Southern Corp. (NSC)

Warren Buffett keeps Berkshire's holding information with these two companies confidential. As stated in its filings: "Confidential Information has been omitted from the public Form 13F and filed separately with the Commission. Included in this information is information regarding Berkshire's positions in Norfolk Southern Corp. and Union Pacific Corp. included in its March 31, 2007 public Form 13F."

 


Rating: 3.6/5 (38 votes)

Comments

kfh227
Kfh227 - 10 years ago    Report SPAM
USB, BAC no shocks there.

Held PIR (Pier 1) this long? I would have sold at a loss several years ago. And at a smaller loss. PIR looked great at one time, but man ... they went downhill. There style choices just stunk. And prices were ridiculous. I did get some sweet breakfast bar chairs for $200 though. I would have paid $300 for them. In general, the place is way overpriced and very few people would want to style their home with their choices.
pooky
Pooky - 10 years ago    Report SPAM
Apart from USB, don't most of these picks look like Lou Simpsons?
lzou
Lzou - 10 years ago    Report SPAM
From Yahoo finance, it also mentioned a few other purchases not mentioned here. Are those correct?

http://biz.yahoo.com/ap/070814/berkshire_investments.html?.v=2

Berkshire added about 25.5 million shares of Wells Fargo during the quarter. It owned 257.7 million shares of Wells Fargo worth about $9.1 billion at the end of June. That represents nearly 8 percent of Wells Fargo.

Between March 31 and June 30, Berkshire also made several other moves, including:

-- Doubling its stake in Nike Inc. to 8 million shares worth about $466.3 million.

-- Increasing holdings in Johnson & Johnson and Procter & Gamble Co. Berkshire now owns 53.1 million shares of Johnson & Johnson and 105.2 million shares of Procter & Gamble.
yhlbb
Yhlbb - 10 years ago    Report SPAM
I don't see any KFT purchase?!
gurufocus
Gurufocus premium member - 10 years ago
It is possible that some of those happened after June 30.

Wells Fargo increase is included in this report. You can see all the details in his portfolio page:

http://www.gurufocus.com/holdings.php

freehling
Freehling - 10 years ago    Report SPAM
Lemme start with a disclaimer: I own shares of BRKB and am a huge admirer of WEB. But does anyone else think that the Dow Jones shares purchase is at least border-line sketchy? Buffett obviously didn't buy these shares as a long-term investment into the futures of the WSJ and Barron's. He thinks the newspaper industry is going downhill. So it was clearly a calculated bet that News Corp would indeed win out, and hence shareholders would get the $60 a share cash. Thus Berkshire turns a quick profit of say $50 million (c. 3 million shares at say a $10-$20 profit per share). Buffett is hugely connected in this industry. He is an important adviser to Wash Post publisher Don Graham, and his company owns the Buffalo News. So couldn't it be argued that this is almost trading on inside information? It's probably not because the insider trading laws are so ambiguous -- rewarding investors who have a lot of information about a company but punishing those with too much. At any rate, I don't think anything illegal was done, but to me it does shine light on the ridiculousness of insider trading regulations. Martha Stewart goes to jail, Warren makes another $50 million.
musto
Musto - 10 years ago    Report SPAM
now to conclude that web bought his wsj shares through insider trading is really farfetched at best, and to me it sounds just silly.

There was a very enlightening article by Carol Loomis in the Fortune just before the announcement that showed how cheap the wsj stock was compared to it's

competitors. You didn't need to be a newspaper insider to see how the stock was

really undervalued.

Another possiblity is that web may have bought after the announcement as an arb play.

ccyork
Ccyork - 10 years ago    Report SPAM
gurufocus Wrote:

-------------------------------------------------------

> It is possible that some of those happened after

> June 30.

the NKE purchase is right in the 13F-HR http://sec.gov/Archives/edgar/data/1067983/000095013407018234/a32912ce13fvhr.txt


gurufocus
Gurufocus premium member - 10 years ago
That's right. Warren Buffett kept his Nike holding unchanged.

Please leave your comment:


Performances of the stocks mentioned by


User Generated Screeners


DBrizannarrow21Jul2018 1205p
DBrizanwide21Jul2018 1134p
DBrizanholdings21Jul2018 1119p
DBrizanwide21Jul2018 1044p
mprimit0FCF3
NorvasValDivid
mjspencerhiccups
DBrizan20Jul2018 DIV 1025p
DBrizan20Jul2018 927p
chetanj_pvgcj1534
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK