Stock God Buffett Reduces Holdings in Apple, Increases Energy Stocks in Berkshire Hathaway’s First Quarter Report
On May 4, Berkshire Hathaway, owned by renowned investor Warren Buffett, unveiled its first quarter financial report for 2024. The report revealed Buffett’s strategic moves in the stock market, including a reduction in holdings of Apple and an increase in investments in energy stocks like Chevron and Occidental Petroleum.
During the first quarter, Berkshire Hathaway reported revenue of US$89.869 billion and net profit of US$12.702 billion. The company’s cash reserves also reached a record high of $189 billion by the end of the quarter.
In terms of stock holdings, Buffett made significant changes to his portfolio. While the value of Berkshire Hathaway’s holdings in Apple decreased from $174.3 billion to $135.4 billion, the values of its holdings in Bank of America, American Express, Coca-Cola, and Chevron all saw increases. Apple remains the company’s largest holding, accounting for approximately 790 million shares worth US$135.4 billion.
Buffett addressed the reduction in Apple holdings during a shareholder meeting, emphasizing the importance of treating stock investments as long-term business decisions. He stated that while Berkshire Hathaway will continue to hold shares in Apple, Coca-Cola, and American Express, he does not recommend increasing holdings in Apple at this time.
Securities Times reminds readers that the information provided in the article is for reference only and does not constitute investment advice. Any investment decisions should be made at the reader’s own risk. Stay informed about stock market trends and opportunities by downloading the official Securities Times app or following their WeChat official account.
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Electricity prices: Three tools for comparisons available to consumers
– 2024-05-05 23:46:25
The Waste, Energy and Water Regulatory Authority (RAAEF) has made three electricity and natural gas price comparison tools available to consumers, enabling them to make personalized comparisons (according to consumption profile, type of supply, etc.) as well as for overall supervision of the tariffs available in the market.
The ability to compare electric vehicle charging tariffs at publicly accessible chargers has recently been added to these tools.
Electricity and gas price comparison tools include;
-The www.energycost.gr. On this platform, consumers can easily compare all Electricity and Natural Gas tariffs that are commercially available in the Greek market, stating the characteristics of the supply (domestic, professional, communal, single-phase, three-phase, any inclusion in a Social Tariff). The application based on these characteristics ranks the available tariffs by reducing all charges (competitive and regulated) to a unique final charge price in euros per KWh.
The advantage of this tool is that it also includes charges for network, Utilities, etc. so that the consumer can see the real monthly charge.
The website also has the following features:
– Providing information about additional discounts, benefits, billing methods and contract terms for each compared invoice.
– Ability to compare either individual Electricity or Natural Gas tariffs or Combined products containing both services in one offer.
– Consumers are given the option to select from the available list the tariff they already have, even if it is no longer commercially available, and compare it with any other commercially available tariffs they wish.
In addition, for electricity invoices in particular, consumers can see every month the full list of all the current available invoices of all Suppliers and the corresponding color markings on the invoices.rae.gr website of the RAAEF.
On this website, consumers can see for each month separately from January when the implementation of the new framework began, the suppliers’ offers for all tariff categories (fixed, floating, special “green” tariff), the discounts that may be offered and the conditions under which they apply as well as the fixed charge. Prices are updated monthly based on vendor announcements of fee changes.
It is reminded that according to the current framework they are available three types of invoices as follows:
* Fixed (highlighted in blue) are fixed-term invoices, with a fixed billing price for the entire contract period.
* Fluctuating (yellow color), are the tariffs, which are linked to the wholesale price on the Energy Exchange. These are divided into two main categories: i. by setting a price in advance of the consumption period and ii. with a price fixed afterwards.
* Dynamic (orange), which refers to the possibility of dynamic pricing, with different prices – even during the day – based on market prices. A condition for the selection of these tariffs is the operation of a smart telemetered meter in the supply of consumers.
* And the special tariff (green) which facilitates the comparison of prices between providers as the charge price is announced on the 1st day of each month, on the websites of the providers and the Regulatory Authority. Thus, the consumer, household or business, knows, at the beginning of the month, what he pays to the electricity provider, the billing price for the month, and in addition the prices offered by all the other providers.
It is reminded that it remains possible to change the supplier without restrictions or “penalty” with the exception of contracts with a fixed price for a certain period of time for which compensation of the supplier applies in case of early withdrawal of the consumer.
The chargingcost.gr application
In addition, the electronic application chargingcost.gr was put into trial operation, which concerns the charging of electric vehicles and includes information on publicly accessible charging points throughout the country, as long as (as provided by the legislation) they are interconnected with the Register of Infrastructures and Electric Mobility Market Bodies of Ministry of Infrastructure and Transport.
The trial operation of the chargingcost.gr application includes search filters based on the technical characteristics of charging, search based on geographical identification, comparison of results with the basic charging price euro/kWh of charging, mapping of the stations covering the technical characteristics of the vehicle on the map consumer in order to avoid redirection to points he cannot use. Also included is Route mode (start-destination with lower prices at compatible charging points)
The full version of the app will go live in June and will contain additional functionalities such as:
- Personalized information provision by simply entering the car make
- Comparison of Charge Prices based on total charges and incorporating time, tiered and fixed charges.
- Personalized search map
- Route Support with optimal total charging values.
In the event that a consumer has a problem with energy charges, regulated charges or any other issue concerning the Electricity or Natural Gas Supplier and the respective Distribution Network Operator, they can submit a complaint through the myrae.gr platform.
The complaint is automatically forwarded to the Supplier or Network Operator it concerns, while the information system provides information to the FSA on the progress of the request, which retains the possibility to intervene if deemed necessary.
After completing the examination of the complaint and in the event that the consumer is not satisfied with the answer he received, he has the possibility (as long as he is a domestic consumer), to appeal to the Energy Ombudsman who provides Alternative Dispute Resolution services through the ENOMOS platform.
Source: APE-MPE
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Electricity prices: Three tools for comparisons available to consumers – 2024-05-05 23:46:25
Coca Cola, Ford and AT&T shares will be trending these days
Coca-Cola, the top-rated dividend stock giant and well-known household consumer staples brand, has seen remarkable turnarounds and recovery recently, with its stock up nearly 8% over the past three months.
The companies Coca Cola, Ford y AT&T, despite belonging to diverse sectors, share a key factor that could translate into strong returns both this week and in the coming weeks, thanks to its solid fundamentals and its adaptation to current global conditions.
Coca Cola– Bullish
Comment: Coca-Cola, the top-rated dividend stock giant and well-known household consumer staples brand, has seen remarkable turnarounds and recovery recently, with its stock up nearly 8% over the past three months.
After falling to new 52-week lows in October last year and breaking below previous significant support near $60, the stock briefly traded below $52 before reversing the lows. Since then, shares have trended higher, reclaiming the important $60 support zone.
It’s crucial to stay tuned this week as the company’s business results are expected. If they are notable or meet expectations, we could see the stock reach the $63.50 area.
Ford Motor – Bullish
Comment: Ford Motor has a 12-month low of $9.63 and a 12-month high of $16.81. The company has a market capitalization of $50.76 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-to-growth ratio of 1.07, and a beta of 1.62. Its quick ratio is 1.03, current ratio is 1.20 and debt-equity ratio reaches 2.33.
Recently, the company announced the payment of a variable dividend, scheduled for Friday, March 1. Investors registered by Friday, February 16 will receive a dividend of $0.33 per share. The ex-dividend date is Thursday, February 15. This translates into a dividend yield of 4.7%, while Ford Motor’s dividend payout ratio is 55.56%.
AT&T – Bullish
Comment:
AT&T has undergone a notable transformation after streamlining its business, focusing on strengthening its core telecommunications sector by modernizing its 5G and fiber networks. This recovery effort has borne fruit, evidenced by the significant increase of 2.9 million postpaid wireless subscribers in 2022 and 1.7 million in 2023. Additionally, the expansion of its fiber business has offset the more moderate growth in its broadband without fiber.
AT&T’s revenue is projected to increase by 1% through 2024 and 2025. While these growth rates may seem modest, they underscore AT&T’s consolidation as a stable investment.
In parallel, AT&T’s free cash flow (FCF) has experienced a notable increase, going from $14.1 billion in 2022 to $16.8 billion in 2023. This figure is expected to continue its rise, projecting between $17 billion and $18 billion. dollars in 2024. This strong FCF growth will easily support its sizeable future dividend yield of 6.6%.
#Coca #Cola #Ford #ATT #shares #trending #days
– 2024-05-06 02:06:13
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