Berkshire Hathaway stock: Everything To Know

Berkshire Hathaway stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, what’s New, Updates And Everything To Know

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Founded in 1839 as a textile manufacturer, it underwent a drastic restructuring into a conglomerate starting in 1965 under the leadership of chairman and CEO Warren Buffett and vice chairman Charlie Munger. Today, the company’s earning power is diversified across a broad portfolio of subsidiaries, equity positions, and also other securities.

Insurance is a major area of operations, and the float (the retained premiums) generated serves as an important source of capital.

Key Facts:

• • CEO: Warren Buffett
  • Founders: Originally founded in 1839 as a textile manufacturer, the merger of Hathaway Manufacturing Company and Berkshire Cotton Manufacturing Company in 1955 formed Berkshire Hathaway Inc.
  • Also Revenue (2023): $364.5 billion
  • Operating Income (2023): $120.16 billion
  • Also Net Income (2023): $96.22 billion
  • Total Assets (2023): $1.069 trillion
  • Total Equity (2023): $567.5 billion

Ownership:

• • Warren Buffett owns 30.71% of votes and 16.45% of shares.

Subsidiaries:

• • Berkshire Hathaway’s non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electrical power, and natural gas distribution.
  • Partially owned businesses include Kraft Heinz Company, American Express, Bank of America, The Coca-Cola Company, and also Apple.

Financial Snapshot

• Stock Symbol: BRK-B
• Current Stock Price: $415.01 USD
• Market Cap: $896.37 billion USD
• 52-Week High: $430.00 USD
• Also 52-Week Low: $327.57 USD
• PE Ratio (TTM): 9.43
• Also EPS (TTM): $33.91
• Earnings Date: August 5, 2024 – August 9, 2024

Overview of Berkshire Hathaway Inc.

Berkshire Hathaway Inc., through its subsidiaries, engages in various businesses worldwide. Here are some key aspects:

1. Insurance Business:
   • Berkshire Hathaway provides property, casualty, life, accident, and health insurance and also reinsurance services.
   • Their insurance arm is a significant contributor to their overall revenue.
2. Railroad Systems:
   • The company operates railroad systems in North America.
   • These railroads also play a crucial role in transporting goods across the continent.
3. Energy Ventures:
   • Berkshire Hathaway generates, transmits, stores, and distributes electricity from various sources, also including natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal.
   • They also operate natural gas distribution and storage facilities.
4. Diverse Holdings:
   • Beyond insurance and energy, Berkshire Hathaway has interests in various other sectors:
     • Manufacturing (boxed chocolates, specialty chemicals, metal cutting tools)
     • Also Building materials (insulation, roofing, engineered products)
     • Retail (automobiles, furniture, household appliances)
     • Also Investments (stocks, bonds, and more)

Recent News

• The A-class shares of Berkshire Hathaway, the company run by famed investor Warren Buffett, experienced a dramatic price swing. They plunged 99.97% to $185.10 from Friday’s closing price of $627,400 before trading was halted.
• After trading resumed, the A-class shares immediately recovered all those losses and also surged toward $700,000.
• Interestingly, throughout the halt, Berkshire Hathaway’s lower-priced B-class shares, which also typically trade in concert with the A-class shares, seemed to trade more normally.
• The unexpected trading halts due to technical issues affected multiple stocks, including Berkshire Hathaway.
• Trading Halts: Due to the same technical issue, trading was paused for several stocks, including Berkshire Hathaway.

Key Takeaways

• • Berkshire Hathaway’s performance often reflects Warren Buffett’s wisdom and investment strategies.
  • The company’s diverse holdings span various industries, also making it a unique conglomerate.
  • Its influence extends beyond the financial sector, impacting businesses and investors worldwide.