Franklin Street Advisors Lowers Position in Berkshire Hathaway Inc. (BRK.A)
Franklin Street Advisors reduced its stake in shares of Berkshire Hathaway Inc. (NYSE:BRK.A) by 30.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9 shares of the company’s stock after selling 4 shares during the period. Franklin Street Advisors’ holdings in Berkshire Hathaway were worth $1,780,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BRK.A. Northwestern University bought a new position in Berkshire Hathaway during the fourth quarter worth $89,999,000. Creative Planning boosted its stake in shares of Berkshire Hathaway by 18.0% in the fourth quarter. Creative Planning now owns 269 shares of the company’s stock worth $53,208,000 after buying an additional 41 shares in the last quarter. Athena Capital Advisors boosted its stake in shares of Berkshire Hathaway by 50.0% in the fourth quarter. Athena Capital Advisors now owns 48 shares of the company’s stock worth $9,494,000 after buying an additional 16 shares in the last quarter. Community Bank & Trust of Waco, Texas bought a new stake in shares of Berkshire Hathaway during the fourth quarter worth about $1,187,000. Finally, First Premier Bank bought a new stake in shares of Berkshire Hathaway during the fourth quarter worth about $396,000.
Berkshire Hathaway (NYSE:BRK.A) last announced its earnings results on Friday, November 6th. The company reported $2,769.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2,721.00 by $48.00.
A number of equities research analysts have recently issued reports on BRK.A shares. Vetr cut Berkshire Hathaway from a “strong-buy” rating to a “buy” rating and set a $228,293.00 price objective on the stock. in a research note on Wednesday, November 18th. Nomura restated a “buy” rating on shares of Berkshire Hathaway in a research note on Tuesday, November 10th. Finally, Barclays restated an “overweight” rating and issued a $166.00 price target (down previously from $169.00) on shares of Berkshire Hathaway in a research note on Thursday, January 7th.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. The Company conducts insurance businesses on both a primary basis and a reinsurance basis, a freight rail transportation business and a group of utility and energy generation and distribution businesses. Its insurance and reinsurance business activities are conducted through various domestic and foreign-based insurance entities. Its insurance businesses provide insurance and reinsurance of property and casualty risks and also reinsure life, accident and health risks across the world. Its segments include GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, BNSF, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and retailing, and Finance and financial products.
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