16.08.2016 05:20:14

Buffett's Berkshire Increases Its Stake In Apple, But Cuts Wal-Mart

(RTTNews) - Warren Buffett's Berkshire Hathaway Inc (BRK-B, BRK-A, BRKa) disclosed in regulatory filing that it increased its stake in Apple Inc (AAPL) by 55 percent.

Berkshire added 5.42 million Apple shares to its position in the second quarter, bringing the firm's total stake to 15.2 million shares, worth $1.46 billion at the end of the period.

Meanwhile, Berkshire cut its stake in Wal-Mart Stores Inc (WMT) by 27 percent to about 40.2 million shares. Berkshire cut its stake in farm machinery maker Deere & Co. by 5.7%. The firm cut its stake in Suncor Energy, Canada's largest crude oil producer by 26%.

Berkshire continued to build its stake in refiner Phillips 66, increasing its stake by 4.3% but left its stake in pipeline giant Kinder Morgan unchanged.

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Aktien in diesem Artikel

Apple Inc. 224,35 0,54% Apple Inc.
Deere & Co. (John Deere) 441,10 0,05% Deere & Co. (John Deere)
Phillips 66 125,20 -0,68% Phillips 66
Suncor Energy Inc. 37,58 -0,08% Suncor Energy Inc.
Walmart 87,29 -0,15% Walmart