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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Delayed Nasdaq  -  04:00 2022-08-08 pm EDT
164.87 USD   -0.29%
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Warren Buffett donates $4 billion to charity

06/14/2022 | 06:48pm EDT

June 14 (Reuters) - Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire's pledge to give away nearly all of his net worth.

Berkshire Hathaway Inc, which Buffett has run since 1965, said the donation comprises about 14.4 million of its Class B shares, whose closing price on Tuesday was $277.64.

Eleven million shares will go to the Bill & Melinda Gates Foundation, and 1.1 million will go to the Susan Thompson Buffett Foundation, named for Buffett's late first wife.

Another 770,000 shares will also go to each of three charities run by Buffett's children Howard, Susan and Peter: the Howard G. Buffett Foundation, the Sherwood Foundation and the Novo Foundation.

Since 2006, the 91-year-old Buffett has donated more than half of his Berkshire shares, with the donations worth about $45.5 billion at the time they were made.

Despite the donations, Buffett still owns approximately 16% of Berkshire and controls about one-third of its voting power.

Both percentages have been fairly stable in recent years because Berkshire has aggressively repurchased its own stock.

Buffett has built Omaha, Nebraska-based Berkshire into a more than $600 billion conglomerate, owning dozens of businesses such as the BNSF railroad and Geico auto insurance, and stocks such as Apple Inc and Bank of America Corp.

He and Bill Gates also pioneered "The Giving Pledge," where more than 200 people like Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk and Mark Zuckerberg committed at least half their fortunes to philanthropy. (Reporting by Jonathan Stempel in New York and Manya Saini in Bengaluru; Editing by Vinay Dwivedi and Cynthia Osterman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.29% 164.87 Delayed Quote.-7.15%
BANK OF AMERICA CORPORATION -1.38% 33.49 Delayed Quote.-23.67%
BERKSHIRE HATHAWAY INC. -0.08% 439167.01 Delayed Quote.-2.55%
META PLATFORMS, INC. 1.88% 170.25 Delayed Quote.-49.38%
TESLA, INC. 0.78% 871.27 Delayed Quote.-17.55%
All news about APPLE INC.
08/08APPLE INC. : Other Events, Financial Statements and Exhibits (form 8-K)
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08/08Putin allows Russian banks under sanctions to halt some FX operations
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08/08INSIDER SELL : Apple
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 393 B - -
Net income 2022 99 549 M - -
Net cash 2022 56 181 M - -
P/E ratio 2022 27,0x
Yield 2022 0,55%
Capitalization 2 650 B 2 650 B -
EV / Sales 2022 6,61x
EV / Sales 2023 6,24x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 45
Last Close Price 164,87 $
Average target price 179,85 $
Spread / Average Target 9,08%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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