Berkshire Hathaway's Verizon Communications Stake
Warren Buffett acquired 1.38 Million Verizon Communications shares worth $68.4 Million. That's 0.02% of their equity portfolio (38th largest holding). The first Verizon Communications trade was made in Q1 2014. Since then Warren Buffett bought shares three more times and sold shares on three occasions. The investor's estimated purchase price is $80.3 Million, resulting in a loss of 15%.
News about Verizon Communications Inc and Warren Buffett
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Warren Buffett''s Berkshire buys Citigroup and several other stocks, slashes Verizon
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Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials
Berkshire''s 10-Q filing offers clues that Warren Buffett sold all or part of the company''s $8 billion stake in Verizon Communications.
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