Warren Buffett is doubling down on Wal-Mart
Posted by admin | Under economics, online, opinions, special, world Wednesday Nov 18, 2009Warren Buffett appears on the asset markets. The American billionaire accelerates its positions, as evidenced by the amount of shares of its holding company Berkshire Hathaway, which jumped 15.6% in three months, reaching $ 56.6 billion at the end of September. The investor has almost doubled its particular contribution (up 90%) in the giant U.S. supermarket chain Wal-Mart, according to documents sent Tuesday to the SEC, Constable Exchange overseas.
After this increase, Warren Buffett owns 37.8 million shares of Wal-Mart, or 0.97% stake in Arcelor. The leading global distribution on Thursday presented the results for the third quarter better than expected, but he was cautious about its outlook for the holiday season, and all of its fourth quarter.Wal-Mart, which weighs 205 billion dollars to the New York Stock Exchange, plans to pay shareholders more than $ 4.2 billion in dividends for fiscal 2010, which ends late January. The group also announced this summer it will spend $ 15 billion for share repurchases, which contributes to support the title on Wall Street, where it currently is trading against 53.53 dollars.
Nestle, Exxon Mobil, Travelers and Wells Fargo seduce Warren Buffett
Among other paris of American billionaire is Nestle. Warren Buffett has indeed acquired 3.4 million shares of Swiss food group, which has therefore 0.09% of the shares.The Oracle of Omaha already has a stake in rival Kraft, which recently launched a bid for the British confectioner Cadbury rejected by the latter for being too low, which has revived speculation about Nestl?, which some would well tried his luck to turn on Cadbury.
But Warren Buffett has eased its position in ConocoPhillips by 10%. The billionaire has therefore now 57.4 million shares of the oil, that is to say 3.87% of the shares. In this sector, he also took an initial stake in Exxon Mobil, buying 1.28 million shares, or 0.027% of the capital of the oil. For the first time, he entered the capital of the insurer Travelers, which acquired 3.4 million shares.
During the quarter, Warren Buffett has also conducted an operation in the banking sector, emerging more or less difficult of the crisis.It has strengthened its 3.6% stake in the bank Wells Fargo, which now owns 313.4 million shares, or 6.69% of capital.
The activity of billionaire American markets continued after the end of the third quarter. Warren Buffett has announced November 3 last it would acquire all 77.4% of capital it does not already own in Burlington Northern Santa Fe This acquisition represents the group's rail investment estimated at 44 billion dollars.