Berkshire Hathaway's Q4 Operating Earnings Surge 28%, Warren Buffett Pays Touching Tribute To Late Charlie Munger: 'His Relationship With Me Was Part Older Brother, Part Loving Father'
Portfolio Pulse from Nabaparna Bhattacharya
Berkshire Hathaway Inc. reported a 28% increase in Q4 operating earnings, driven by its insurance businesses. Annual operating earnings rose 21.06% to $37.350 billion. The company's investments are heavily concentrated in American Express, Apple, Bank of America, Coca-Cola, and Chevron, with significant ownership in Occidental Petroleum. Berkshire used $2.2 billion for share repurchases in Q4, bringing the total to $9.2 billion for the year. The company's cash position reached a record $167.6 billion. Warren Buffet paid tribute to Charlie Munger, describing him as the 'architect' of Berkshire.
February 24, 2024 | 3:30 pm
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POSITIVE IMPACT
Berkshire Hathaway's largest investment is in Apple, with a value of $174.3 billion, highlighting the significant confidence Berkshire has in Apple.
The massive investment in AAPL by Berkshire Hathaway underscores a strong belief in Apple's future prospects, likely contributing to a positive outlook on AAPL's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Berkshire Hathaway's investment in American Express is valued at $28.4 billion, indicating a significant stake in the company.
Berkshire Hathaway's substantial investment in AXP suggests confidence in the company's value, potentially influencing AXP's stock positively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Berkshire Hathaway holds a $34.8 billion investment in Bank of America, indicating a major stake and confidence in the bank's performance.
Berkshire Hathaway's significant investment in BAC reflects a positive outlook on the bank, potentially influencing BAC's stock price positively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Berkshire Hathaway's Q4 operating earnings increased by 28%, with a significant rise in annual operating earnings and a record cash position. The company also paid tribute to Charlie Munger.
The positive earnings report and the increase in annual operating earnings highlight strong financial health and operational success, likely leading to a positive short-term impact on BRK's stock price.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100
POSITIVE IMPACT
Berkshire Hathaway's investment in Chevron is valued at $18.8 billion, indicating a significant stake and optimism in Chevron's future.
The notable investment in CVX by Berkshire Hathaway suggests a positive view on Chevron's prospects, likely leading to a favorable short-term impact on CVX's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Coca-Cola is among Berkshire Hathaway's major investments, with a value of $23.6 billion, showcasing Berkshire's long-term confidence in Coca-Cola.
Berkshire Hathaway's substantial stake in KO demonstrates a strong belief in Coca-Cola's enduring value, likely having a positive impact on KO's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Berkshire Hathaway owns 27.8% of Occidental Petroleum's common shares and has warrants to increase its ownership, indicating a long-term investment strategy.
Berkshire Hathaway's significant and potentially increasing ownership in OXY demonstrates a strong commitment and belief in the company's value, likely positively affecting OXY's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85