Hutner Capital Management Inc Buys Verizon Communications Inc, Apple Inc, Alphabet Inc, Sells Novartis AG, PIMCO Municipal Income Fund II, British American Tobacco PLC

• New Purchases: ADI,
• Added Positions: VZ, AAPL, GOOG, AMT, ORLY, FNV,
• Reduced Positions: MCD, BRK.B, PG, JNJ, PEP, NVS, KO, ABT, PM, MO, GPC, O, EPD, UPS, QSR, DEO, UNP, KHC, UL, ENB, BTI, HSY, WMT, ABBV, MMP, JPM, KMI, YUM, EXPD, MCO, SHW,
• Sold Out: PML,

For the details of HUTNER CAPITAL MANAGEMENT INC's stock buys and sells, go to https://www.gurufocus.com/guru/hutner+capital+management+inc/current-portfolio/portfolio

1. Berkshire Hathaway Inc (BRK.A) - 55 shares, 14.74% of the total portfolio.
2. Berkshire Hathaway Inc (BRK.B) - 31,770 shares, 5.65% of the total portfolio. Shares reduced by 6.94%
3. Costco Wholesale Corp (COST) - 20,561 shares, 5.21% of the total portfolio.
4. PepsiCo Inc (PEP) - 53,637 shares, 5.09% of the total portfolio. Shares reduced by 5.09%
5. Johnson & Johnson (JNJ) - 48,103 shares, 5.07% of the total portfolio. Shares reduced by 5.64%

Hutner Capital Management Inc initiated holding in Analog Devices Inc. The purchase prices were between $145.89 and $172.16, with an estimated average price of $160.19. The stock is now traded at around $166.300000. The impact to a portfolio due to this purchase was 0.16%. The holding were 1,422 shares as of 2021-06-30.

Hutner Capital Management Inc added to a holding in Verizon Communications Inc by 32.93%. The purchase prices were between $55.82 and $59.52, with an estimated average price of $57.4. The stock is now traded at around $56.180000. The impact to a portfolio due to this purchase was 0.29%. The holding were 33,239 shares as of 2021-06-30.

Hutner Capital Management Inc added to a holding in Apple Inc by 55.67%. The purchase prices were between $122.15 and $136.96, with an estimated average price of $129.28. The stock is now traded at around $150.190000. The impact to a portfolio due to this purchase was 0.23%. The holding were 7,161 shares as of 2021-06-30.

Hutner Capital Management Inc added to a holding in Alphabet Inc by 52.05%. The purchase prices were between $2068.63 and $2545.64, with an estimated average price of $2375.56. The stock is now traded at around $2742.310000. The impact to a portfolio due to this purchase was 0.18%. The holding were 333 shares as of 2021-06-30.

Hutner Capital Management Inc added to a holding in American Tower Corp by 22.62%. The purchase prices were between $239.06 and $272.79, with an estimated average price of $254.4. The stock is now traded at around $286.530000. The impact to a portfolio due to this purchase was 0.11%. The holding were 3,540 shares as of 2021-06-30.

Hutner Capital Management Inc added to a holding in O'Reilly Automotive Inc by 38.64%. The purchase prices were between $507.25 and $566.21, with an estimated average price of $537.14. The stock is now traded at around $599.770000. The impact to a portfolio due to this purchase was 0.09%. The holding were 879 shares as of 2021-06-30.

Hutner Capital Management Inc sold out a holding in PIMCO Municipal Income Fund II. The sale prices were between $14.53 and $15.08, with an estimated average price of $14.79.