The much anticipated 2Q09 Berkshire Hathaway earning report was release last night. It is “Solid Result in Difficult Times”. This Blog readers would be anxious to know what stock Warren Buffett bought for Berkshire Hathaway for the quarter. We can determine that he bought some more shares of Johnson & Johnson and Wells Fargo, sold more shares of ConocoPhllips, but kept steady on American Express Company, The Coca-Cola Company, Kraft Food, Procter & Gamble.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional. Johnson & Johnson has a market cap of $165.06 billion; its shares were traded at around $59.9 with a P/E ratio of 13.3 and P/S ratio of 2.6. The dividend yield of Johnson & Johnson stocks is 3.2%. Johnson & Johnson had an annual average earning growth of 12.5% over the past 10 years. Berkshire owned 32.5 million shares as of 1Q09 and 38.3 million shares as of 2Q09, so it may have bought 5.8 million shares.
2. Wells Fargo & Company (WFC)
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $135.31 billion; its shares were traded at around $28.76 with a P/E ratio of 32.2 and P/S ratio of 2.6. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. Berkshire owned 302.6 million shares as of 1Q09 and 316.8 million shares as of 2Q09, so it may have bought 14.2 million shares.
3. ConocoPhillips (COP)
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $65.29 billion; its shares were traded at around $44.07 with a P/E ratio of 7.3 and P/S ratio of 0.3. The dividend yield of ConocoPhillips stocks is 4.2%. ConocoPhillips had an annual average earning growth of 19% over the past 10 years. Berkshire owned 71.2 million shares as of 1Q09 and 64.5 million shares as of 2Q09, so it may have sold 6.7 million shares.
Other Top Holdings
The 10-Q Listed the other four top holding positions: American Express, CoCa-Cola, Kraft Foods, and Procter & Gamble. It appears he has held those positions steady.
American Express Company is primarily engaged in international credit card and banking services throughout the world. American Express Company has a market cap of $38.17 billion; its shares were traded at around $32.69 with a P/E ratio of 24 and P/S ratio of 1.4. The dividend yield of American Express Company stocks is 2.2%. American Express Company had an annual average earning growth of 1.3% over the past 10 years. Berkshire holds 151.6 million shares.
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. The CocaCola Company has a market cap of $114.22 billion; its shares were traded at around $49.34 with a P/E ratio of 16.3 and P/S ratio of 3.6. The dividend yield of The CocaCola Company stocks is 3.3%. The CocaCola Company had an annual average earning growth of 5.3% over the past 10 years. Berkshire Hathaway has 200 million shares.
Kraft Foods Inc. is the largest branded food and beverage company headquartered in the U.S. and the second largest in the world. Kraft Foods Inc. has a market cap of $42.27 billion; its shares were traded at around $28.7 with a P/E ratio of 15.1 and P/S ratio of 1. The dividend yield of Kraft Foods Inc. stocks is 4.1%. Berkshire owns over 130 million shares of KFT.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $151.65 billion; its shares were traded at around $52.03 with a P/E ratio of 14.5 and P/S ratio of 1.7. The dividend yield of The Procter & Gamble Company stocks is 3.5%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. Berkshire owns over 90 million shares of PG.
1. Johnson & Johnson (JNJ)
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. The company's worldwide business is divided into three segments: Consumer; Pharmaceutical; and Professional. Johnson & Johnson has a market cap of $165.06 billion; its shares were traded at around $59.9 with a P/E ratio of 13.3 and P/S ratio of 2.6. The dividend yield of Johnson & Johnson stocks is 3.2%. Johnson & Johnson had an annual average earning growth of 12.5% over the past 10 years. Berkshire owned 32.5 million shares as of 1Q09 and 38.3 million shares as of 2Q09, so it may have bought 5.8 million shares.
2. Wells Fargo & Company (WFC)
Wells Fargo & Company is a diversified financial services company providing banking insurance investments mortgage and consumer finance services through stores its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Company has a market cap of $135.31 billion; its shares were traded at around $28.76 with a P/E ratio of 32.2 and P/S ratio of 2.6. The dividend yield of Wells Fargo & Company stocks is 0.8%. Wells Fargo & Company had an annual average earning growth of 10.8% over the past 10 years. Berkshire owned 302.6 million shares as of 1Q09 and 316.8 million shares as of 2Q09, so it may have bought 14.2 million shares.
3. ConocoPhillips (COP)
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $65.29 billion; its shares were traded at around $44.07 with a P/E ratio of 7.3 and P/S ratio of 0.3. The dividend yield of ConocoPhillips stocks is 4.2%. ConocoPhillips had an annual average earning growth of 19% over the past 10 years. Berkshire owned 71.2 million shares as of 1Q09 and 64.5 million shares as of 2Q09, so it may have sold 6.7 million shares.
Other Top Holdings
The 10-Q Listed the other four top holding positions: American Express, CoCa-Cola, Kraft Foods, and Procter & Gamble. It appears he has held those positions steady.
American Express Company is primarily engaged in international credit card and banking services throughout the world. American Express Company has a market cap of $38.17 billion; its shares were traded at around $32.69 with a P/E ratio of 24 and P/S ratio of 1.4. The dividend yield of American Express Company stocks is 2.2%. American Express Company had an annual average earning growth of 1.3% over the past 10 years. Berkshire holds 151.6 million shares.
The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft drinks. The CocaCola Company has a market cap of $114.22 billion; its shares were traded at around $49.34 with a P/E ratio of 16.3 and P/S ratio of 3.6. The dividend yield of The CocaCola Company stocks is 3.3%. The CocaCola Company had an annual average earning growth of 5.3% over the past 10 years. Berkshire Hathaway has 200 million shares.
Kraft Foods Inc. is the largest branded food and beverage company headquartered in the U.S. and the second largest in the world. Kraft Foods Inc. has a market cap of $42.27 billion; its shares were traded at around $28.7 with a P/E ratio of 15.1 and P/S ratio of 1. The dividend yield of Kraft Foods Inc. stocks is 4.1%. Berkshire owns over 130 million shares of KFT.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $151.65 billion; its shares were traded at around $52.03 with a P/E ratio of 14.5 and P/S ratio of 1.7. The dividend yield of The Procter & Gamble Company stocks is 3.5%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. Berkshire owns over 90 million shares of PG.
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