Which Companies Warren Buffet Considers Worth of Attention
Since the start of 2022, the US S&P 500 stock index has lost 17%. The recession that the experts had warned of in advance was starting to take shape. After the earnings report was released, many companies changed their revenue forecasts and struggled to reduce expenses.
Under such circumstances, it is becoming harder and harder every day to find companies whose shares can still grow. It would be wise to see what well-known investors are buying. Today's article is dedicated to which stocks market legend Warren Buffett is paying attention to in Q1 2022.
Citigroup
Citigroup Inc. (NYSE:C) is a holding company founded in 1812 that provides financial services to consumers, businesses and governments around the world. Its main markets are the United States, Mexico and Asia; More than 2,300 corporate offices operate in this part of the world.
Deposits, loans and credit cards are the consumer part of Citigroup's business. The Business Segment provides insurance and consulting services, analytics, loans, money management, and more.
During the first quarter of 2022, Berkshire Hathaway purchased 55,155,797 shares of Citigroup for a total of $2.9 billion. The average purchase price is $53.4, the weight of the shares in the portfolio – 0.8%, and the weight of Berkshire Hathaway in the company – 2.78%.
Now this stock is worth $52.7. Buying is sure to occur in the first half of March, when trading volumes skyrocket and prices drop below $53.4.
Founded in 1930, Markel Corporation (NYSE: MKL) provides insurance and investment services worldwide. He works in Europe, Canada and Asia Pacific.
The Warren Buffett Trust bought 420,293 Markel shares for over $620 million. Average purchase price is $1475.24, portfolio weight — 0.17%, company weight — 3.09%.
Markel's stock is currently trading at $1,403. The stock must have been bought in the second half of March, and that purchase had an impact on the stock price, which was up 20% on the month. Now the stock price is 9% cheaper than when the trust bought it.
allied finance
Ally Financial Inc. (NYSE: ALLY), founded in 1919, is a finance company that works with individuals and companies. It operates in the US and Canadian markets through four segments: Auto, Mortgage, Insurance and Corporate Finance.
Berkshire Hathaway bought 8,969,420 shares of Ally Financial at an average price of $43.48. Portfolio weight – 0.11%, Company weight – 2.7%. The buying must have occurred in the second half of March as trading volumes increased unnaturally at that time. Now, the company's stock is selling for a lower price of $41.83.
McKesson
McKesson Corporation (NYSE: MCK) provides pharmaceuticals, medical firsts, and information technology. The company occupies 30% of the North American market. As of April 1, 2022, its annual revenue is $263 billion.