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Holly LaFon
Holly LaFon
Articles (7910) 

Warren Buffett’s Company Announces 2 New Stock Holdings

May 15, 2013 | About:

The moment investors have been waiting for – the updated first quarter portfolio of Warren Buffett (and his two portfolio managers, Ted Weschler and Todd Combs) came out today. GuruFocus data shows that Buffett’s company, Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), gained two new stocks: Starz Inc. (NASDAQ:STRZA) and Chicago Bridge & Iron Company (NYSE:CBI).


Berkshire gained 5,622,340 shares of Starz Inc. in the first quarter, or 4.63% of shares outstanding.

Berkshire likely received the shares as part of Starz’s spin-off from Liberty Media Corporation (LMCA), a Berkshire holding since the first quarter of 2013.

The price of Starz shares has increased 26% from their average price in the first quarter, $18 per share.

Starz Inc. has a market cap of $2.76 billion; its shares were traded around $22.74 with a P/E ratio of 11.70 and P/S ratio of 1.70.

Chicago Bridge & Iron Company (NYSE:CBI)

Berkshire’s larger new addition of the quarter was Chicago Bridge & Iron Company, with 6,508,600 shares purchased at $53 per share on average. The holding is 0.48% of Berkshire’s portfolio, and 6.15% of shares outstanding.

Chicago Bridge & Iron Company was founded in 1889. The company provides conceptual design, technology, engineering, procurement, fabrication and construction, commissioning and associated maintenance services to customers in the energy and natural resource industries.

Chicago Bridge & Iron Company has a market cap of $6.12 billion; its shares were traded at around $57.76 with a P/E ratio of 20.70 and P/S ratio of 0.90. The dividend yield of Chicago Bridge & Iron Company stocks is 0.30%. Chicago Bridge & Iron Company had an annual average earnings growth of 20.7% over the past 10 years.

See Warren Buffett’s other trades at the Berkshire Hathaway portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Warren Buffett.

Read the notes taken at his annual shareholder meeting earlier this month here.

Rating: 3.5/5 (10 votes)


MritikCapital - 4 years ago    Report SPAM
Hi Holly,

I appreciate your articles a lot and they are a very good source for learning about the activities of various gurus. On the STRZA stake this is the renamed ticker of the original LMCA (parent company) and the spun off company SpinCo (was renamed Liberty Media) took the ticker LMCA. So in essence LMCA is the new stake and STRZA is an existing holding. I realize this is all semantic but thought I might as well comment on it.

Please leave your comment:

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