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May 16 14 11:46 AM
WARREN Buffett's company has disclosed a new investment of 11 million shares in Verizon Communications, and an increase in its stakes in Wal-Mart and IBM. Berkshire Hathaway on Thursday revealed the changes to its $US106 billion ($A114.69 billion) portfolio in documents filed with the Securities and Exchange Commission that show what the company owned at the end of March.The Verizon investment was the only new one disclosed.Berkshire bought 8.6 million Wal-Mart Stores shares to increase its investment in the retail giant to 58 million shares. Buffett has said in the past that he regretted not buying more Wal-Mart stock earlier when he was building Berkshire's stake in the company.Berkshire also bumped up its IBM investment to 68.4 million shares by buying 233,100 shares in the quarter.Many investors watch the quarterly filings closely because they like to copy moves Buffett makes because of his successful record. Berkshire officials don't routinely comment on the Omaha-based company's stock moves beyond what they are legally required to disclose. Officials at the company Buffett leads as chairman and CEO did not immediately respond to a request for comment.
WARREN Buffett's company has disclosed a new investment of 11 million shares in Verizon Communications, and an increase in its stakes in Wal-Mart and IBM.
Berkshire Hathaway on Thursday revealed the changes to its $US106 billion ($A114.69 billion) portfolio in documents filed with the Securities and Exchange Commission that show what the company owned at the end of March.
The Verizon investment was the only new one disclosed.
Berkshire bought 8.6 million Wal-Mart Stores shares to increase its investment in the retail giant to 58 million shares. Buffett has said in the past that he regretted not buying more Wal-Mart stock earlier when he was building Berkshire's stake in the company.
Berkshire also bumped up its IBM investment to 68.4 million shares by buying 233,100 shares in the quarter.
Many investors watch the quarterly filings closely because they like to copy moves Buffett makes because of his successful record.
Berkshire officials don't routinely comment on the Omaha-based company's stock moves beyond what they are legally required to disclose. Officials at the company Buffett leads as chairman and CEO did not immediately respond to a request for comment.
Read more @ http://www.news.com.au/finance/business/buffett-discloses-new-verizon-investment/story-e6frfkur-1226919969454
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