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Berkshire Hathaway : Warren Buffett bought a new slice of Apple

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05/04/2018 | 12:43pm CEST

Warren Buffett’s holding, Berkshire Hathaway, has bought another 75 million of Apple shares during the first quarter of this year on top of its existing 3.3% stake in the Cupertino-based tech firm.

The famous billionaire dropped a bomb on CNBC yesterday. His conglomerate has increased its stake in Apple from 165.3 million to 240.3 million shares and therefore becomes the third biggest shareholder of Tim Cook’s tech giant. The announcement comes right on time for Berkshire as it occurs the day before its annual shareholder meeting held in Omaha, Nebraska and the publication of its Q1 results.

Berkshire's stock dropped by about 4% since the beginning of the year, whereas the Dow Jones only gave up 3.2%. The decline of the banking sector – a huge part of its stakes - could explain this underperformance. In the meantime, Apple is up by 5.2%.
Obvious outperformance of Buffett’s investment strategy (Berkshire vs. Dow Jones)
Apple’s golden age

Buffett praised the iPhone manufacturer by saying “it is an unbelievable company”, quite an unusual statement coming from one of the world's best investment specialists. During the first three months of the year, Apple defied the odds when it announced a rising turnover earlier this week, fueled by the growth of its smartphone sales in a market that becomes increasingly saturated. Warren Buffet showed he knew once again what was lying ahead and Apple is now by far the biggest position in his investment portfolio. On December the 31st last year, it was still Wells Fargo that ranked first in Buffett's portfolio, but the sharp decline of the US bank in the first quarter of 2018 has strongly decreased its value. Thanks to the additional investment announced yesterday, Apple is now clearly the number one bet of the Omaha Oracle.

Stocks mentioned in the article
ChangeLast1st jan.
APPLE -0.97% 215.46 Delayed Quote.28.57%
BERKSHIRE HATHAWAY 0.19% 314060 Delayed Quote.5.33%

Floriane Rousseaux
© MarketScreener.com 2018
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Financials ($)
Sales 2018 263 B
EBIT 2018 70 169 M
Net income 2018 58 610 M
Finance 2018 131 B
Yield 2018 1,24%
P/E ratio 2018 18,58
P/E ratio 2019 16,18
EV / Sales 2018 3,49x
EV / Sales 2019 3,42x
Capitalization 1 051 B
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 39
Average target price 216 $
Spread / Average Target -0,53%
EPS Revisions
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer, SVP & VP-Human Resources
Kevin M. Lynch Vice President-Technology
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