Warren Buffett’s company is a solid candidate for downside protection, says Morningstar’s analyst—and the stock is attractively priced, too.
Stock’s fair value estimate unchanged; improvement in company’s income yield expected this year and next.
We cut our fair value estimate for the stock, but it remains a top pick today, says Morningstar’s analyst.
Currency losses and flows that missed our forecast led to a worse third quarter than expected.
Fair value estimate on stock of $535,000 unchanged, shares seen as `modestly undervalued’
We’re trimming our fair value estimate to $535,000; stock undervalued.
We are leaving our $850 per share fair value estimate in place and consider shares to be undervalued.
The wide-moat company acquired more shares of Apple and committed new money to Citigroup and Paramount Global, among others.
Berkshire has increased its stake in Apple, as well as the five Japanese trading houses, and bought shares of several German securities.
We expect to lower our fair value estimate.
These are Morningstar’s questions for Warren Buffett and his team.
Morningstar's analyst talks about Buffett's recent deals, what the stock is worth, and whether Berkshire will pay a dividend anytime soon.
Alleghany purchase looks like another value-enhancing deal.
Warren Buffett's recent buying spree—including Occidental Petroleum, HP, and Alleghany—has barely dented the conglomerate's cash balance.
Inflows remained impressive in Q1 despite market volatility.
Here is how we expect the wide-moat firm to manage the property/casualty insurer.
We expect to raise our Class A (B) share fair value estimate slightly.
Firm put around $1 billion into Activision Blizzard, a stake now worth $1.4 billion based on Microsoft's $95 per share takeout price.
Here is why we are adjusting our forecast and fair value estimate for the wide-moat firm.
BlackRock closed out the December quarter with a record $10.010 trillion in managed assets.
The company bought back $7.6 billion worth of its own shares during the quarter.
We are leaving our $480,000 ($320) per Class A (B) share fair value estimate in place.
We plan to increase our fair value estimate for the wide-moat firm.
While we had lifted our projections for BlackRock in June, we felt that our forecasts were a bit too conservative.
We are leaving our fair value estimate in place.
Strong investment performance and operating results leave the conglomerate well positioned.
Wide-moat-rated Berkshire Hathaway had a fairly quiet second quarter in its equity investment portfolio, selling some $2.1 billion worth of stock while also acquiring a little over $1 billion of equities.
We are likely to reassess our $440,000 ($293) per Class A (B) share fair value estimate in the near term.
We expect to raise our fair value estimate to $202 per share from $193 to account for continued improvements in the company's assets under management.
We are leaving our $880 per share fair value estimate in place.
The firm raised an estimated $7.7 billion from its sales of shares.
The second virtual meeting lacked quality questions at the managers about the inner workings of Berkshire's businesses.
Berkshire Hathaway announced that Greg Abel would become the next CEO when Buffett departs the scene.
Revenue, which includes unrealized and realized gains/losses from Berkshire's investments and derivatives portfolios, increased significantly.
The impact of the coronavirus, taxes, cash, and succession planning are topics that we hope Warren Buffett will address on Saturday.
We are maintaining our fair value estimate for the wide-moat firm.
Here's our view ahead of its annual meeting.
Annualized organic AUM growth of 6.8% was well above our long-term target of 3%-5% annually for the wide-moat company.
Here is where our valuations stand with Berkshire's various segments.
We expect to raise our fair value estimate following a stronger conclusion to the company's fiscal year than we had been projecting.
While the company raised an estimated $10.6 billion during the period by selling positions in 11 different stocks, the trimming of stakes in Apple (57.2 million shares for an estimated $7.1 billion) and Wells Fargo (75.0 million shares for $2.0 billion) accounted for most of the capital raised.
We're increasing our fair value estimate for the wide-moat asset manager.
While there was little in wide-moat BlackRock's fourth-quarter earnings to alter our long-term view of the firm, we expect to increase our fair value estimate to around $750 per share from $620 to account for the continued recovery in the equity, credit and currency markets following the steep COVID-19 induced sell off in the first quarter of 2020.
We believe our discounted cash flow approach best captures the company's complexity.
But the crisis will also accelerate the company's evolution from a reinvestment machine to one returning more capital to shareholders.
We're raising Waddell & Reed's fair value estimate to $25 per share.
We were not too surprised when the no-moat firm was acquired.
The wide-moat asset manager plans to launch T. Rowe Price Investment Management.
Unlike most periods, there were a few surprises in wide-moat Berkshire Hathaway's third-quarter 13-F filing, with the firm actually taking positions in four different healthcare firms--AbbVie, Merck, Bristol-Myers Squibb, and Pfizer.
We do not anticipate making any major changes to our share fair value estimate.