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Brian Meredith - 3 Berkshire Hathaway - 2 Warren Buffett - 2 Edward Jones - 2 James Shanahan - 2 Keefe - 2 Meyer Shields - 2 Buffett - 2
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☆ Can Buffett’s Berkshire make the $1 trillion milestone? Analysts weigh in
  + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Wall Street analysts have a cautious view on Berkshire Hathaway , though they praised a solid earnings report over the weekend from Warren Buffett 's conglomerate. Berkshire also said its cash rose to a record $167.6 billion, topping its prior high of $157.2 billion held in the previous quarter. Berkshire's stock initally rose in trading on Monday, with both classes hitting all-time highs intraday, and bringing the conglomerate closer to a $1 trillion valuation. BRK.A YTD mountain Berkshire Hathaway Class A However, many Wall Street analysts are wary on Berkshire, with many expecting that the stock is fairly valued as much of the strength is already priced into the stock. Berkshire's solid earnings reflected outperformance in auto insurer Geico, but the results were dinged by lower earnings in utilities and energy.
Persons: Berkshire Hathaway, Warren Buffett, FactSet, Edward Jones, James Shanahan, Keefe, Woods, Meyer Shields, Shields, Brian Meredith, CFRA's Catherine Seifert, Buffett, Michael Bloom Organizations: Berkshire Hathaway, Wall, UBS Locations: Berkshire, Omaha
☆ Berkshire Hathaway shares are still cheap even at these record levels, Wall Street analysts say
  + stars: | 2023-08-07 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Berkshire Hathaway shares just hit a record high on the back of strong second quarter results, but Wall Street analysts believe it's still not too late to buy Warren Buffett's conglomerate. Berkshire's Class A shares climbed as much as 3.2% Monday to hit a record high of $550,660. UBS analyst Brian Meredith said Berkshire shares still trade at an 11% discount to intrinsic value even after the earnings-triggered rally. BRK.A YTD mountain Berkshire Hathaway "We believe that the current share price represents an attractive entry point for long-term investors. KBW's Meyer Shields also raised his Berkshire target price following the holding company's earnings, lifting his objective to $565,000 from $545,000.
Persons: it's, Warren, Brian Meredith, Meredith, Edward Jones, James Shanahan, Berkshire Hathaway, Shanahan, KBW's Meyer Shields, — CNBC's Michael Bloom Organizations: Berkshire Hathaway, Investors, UBS, Berkshire, BNSF Railway Locations: Omaha, Dairy, Berkshire
☆ Berkshire Hathaway stock scales record as operating profit tops $10 bln
  + stars: | 2023-08-07 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermidAug 7 (Reuters) - Berkshire Hathaway's (BRKa.N) stock price set a record high on Monday, rising more than 2%, after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In morning trading, Berkshire's stock price rose $14,300, or 2.7%, to $547,900, surpassing the previous high $544,000 set on March 28, 2022. Keefe, Bruyette & Woods analyst Meyer Shields, who rates Berkshire "market perform," raised his price target to $565,000 from $545,000. In 2023, Berkshire shares have slightly trailed the index, after outpacing it in 2022.
Persons: Brendan McDermid, Warren Buffett, Clayton, Brian Meredith, Keefe, Meyer Shields, Buffett, Jonathan Stempel, Chuck Mikolajczak, Lance Tupper, David Gregorio Our Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Clayton Homes, Apple, Berkshire, UBS, Woods, Thomson Locations: Berkshire, New York City, U.S, Omaha , Nebraska, New York
☆ Short Warren Buffett? KBW gives bet against Berkshire as one of its top year-end trades
  + stars: | 2022-09-07 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
KBW believes that one of the biggest reasons for a near-term pullback in Berkshire's stock is the likely slowdown in share repurchases. Buffett had supported Berkshire's stock through an aggressive and consistent buyback program over the past few years. Berkshire spent approximately $1 billion on share repurchases during the second quarter, compared with $3.2 billion in the first quarter. Geico risk Lastly, KBW noted that Berkshire's auto insurance giant Geico is still grappling with rising labor and auto parts costs. In the second quarter, Geico reported an underwriting loss of $487 million, even as the conglomerate's other insurance lines registered gains.
☆ Berkshire Hathaway's stock has gotten a lot cheaper since Warren Buffett's buyback binge
  + stars: | 2022-07-19 | by ( Yun Li | ) www.cnbc.com   time to read: +4 min
A combination of factors have made Berkshire's stock cheaper. Besides the recent pullback in share prices, Berkshire's various assets have increased in value drastically in recent years, compressing the multiple of the stock. Record buybacks Warren Buffett has supported Berkshire's stock through an aggressive and consistent buyback program over the past few years. Slowdown began In the first quarter, however, Berkshire's stock buybacks slowed down to $3.2 billion from $6.9 billion in the fourth quarter of 2021 as share prices skyrocketed to a record high. Buffett himself told shareholders at its annual meeting this year that he would prefer acquiring stakes in other companies to share repurchases.
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