Industrials
Share Price for Buffett's Berkshire Hathaway Tops $210,000
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The recent 24/7 Wall St. examination of companies with stock prices over $500 picked up six among the S&P 500. One sat well above the rest. Shares of Berkshire Hathaway Inc. (NYSE: BRK-A) were over $210,000 apiece.
Granted Berkshire Hathaway has a class of shares that is much less expensive. The Berkshire Hathaway Inc. (NYSE: BRK-B) Class B shares trade at just over $140. Another contrast is that the Class A shares have a trading volume of 400 a day. The average volume of Class B shares is 5 million. While Class B shares have much less in terms of voting rights, Buffett claims to have created them so that regular investors could own a piece of the company he controls.
Berkshire Hathaway was on the 24/7 Wall St. list of six stocks over $500 a share. The section on Buffett’s company read:
Berkshire Hathaway Inc.
> Ticker: (NYSE: BRK-A)
> Industry: Conglomerate
> Share price: $213,900.00
> Market cap: $352 billion
> One-yr. price chg.: -2%
> Annual revenue: $210 billionBerkshire Hathaway is Warren Buffett’s conglomerate. It owns several dozen companies, which include one of the largest railroads in the United States, a private jet sharing business and the Buffalo News. Berkshire also has an investment portfolio with positions in shares of some of America’s best known companies, including Coca-Cola, IBM and Wal-Mart.
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