Warren Buffett just announced that Berkshire Hathaway (BRK-A) (BRK-B) has purchased 64 million shares of International Business Machines (IBM) for a total of $10.7 billion. Buffett started buying in March and now owns 5.5 percent of IBM.
IBM trades at 15 times current earnings and 13 times forward earnings. The dividend, which was raised by15% in May, provides a decent yield of 1.2%. For the latest quarter ending September 30, earnings rose by 7% on a 7.8% growth in revenues. Two research firms initiated coverage on IBM on October 14. Macquarie gave the company a Buy rating and ISI Group gave it a Hold.
In the past, Buffett has shied away from tech stocks although he has owned a couple companies involved in technology in some way, according to the free list of Warren Buffett stocks at WallStreetNewsNetwork.com. For example, Berkshire Hathaway has owned Ingersoll-Rand Plc (IR), which makes temperature control products, electronic locks, portable security systems, remote home management products, and electronic and biometric access control systems and software. The stock has a current price to earnings ratio of 35 and a forward PE of 10. In June, the company raised its dividend by an amazing 71%, from 7 cents a quarter to 12 cents a quarter, giving a current yield of 1.5%.
Berkshire also owns Verisk Analytics, Inc. (VRSK), a provider of proprietary data, analytics methods, and embedded decision support solutions, It trades at 24 times current earnings and 20 times forward earnings, nd dos not pay a dividend.
To see other stocks owned by Warren Buffett's Berkshire Hathaway, go to WallStreetNewsNetwork.com for a free list that can be downloaded and sorted.
Disclosure: Author did not own any of the above at the time the article was written.
By Stockerblog.com
Market News and Data brought to you by Benzinga APIs
IBM trades at 15 times current earnings and 13 times forward earnings. The dividend, which was raised by15% in May, provides a decent yield of 1.2%. For the latest quarter ending September 30, earnings rose by 7% on a 7.8% growth in revenues. Two research firms initiated coverage on IBM on October 14. Macquarie gave the company a Buy rating and ISI Group gave it a Hold.
In the past, Buffett has shied away from tech stocks although he has owned a couple companies involved in technology in some way, according to the free list of Warren Buffett stocks at WallStreetNewsNetwork.com. For example, Berkshire Hathaway has owned Ingersoll-Rand Plc (IR), which makes temperature control products, electronic locks, portable security systems, remote home management products, and electronic and biometric access control systems and software. The stock has a current price to earnings ratio of 35 and a forward PE of 10. In June, the company raised its dividend by an amazing 71%, from 7 cents a quarter to 12 cents a quarter, giving a current yield of 1.5%.
Berkshire also owns Verisk Analytics, Inc. (VRSK), a provider of proprietary data, analytics methods, and embedded decision support solutions, It trades at 24 times current earnings and 20 times forward earnings, nd dos not pay a dividend.
To see other stocks owned by Warren Buffett's Berkshire Hathaway, go to WallStreetNewsNetwork.com for a free list that can be downloaded and sorted.
Disclosure: Author did not own any of the above at the time the article was written.
By Stockerblog.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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