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\n NEW YORK: Warren Buffett<\/a>'s Berkshire Hathaway<\/a> disclosed a holding in Verizon Communications<\/a> in a wager that the telecommunications company will benefit after buying out its partner in the largest US wireless business. Verizon posted the biggest increase in the Dow Jones Industrial Average. Berkshire held 11 million Verizon shares as of March 31, Buffett's company said in a regulatory filing. The investment is valued at about $530 million.<\/p>\n Verizon acquired Vodafone Group<\/a>'s minority stake in Verizon Wireless<\/a> in February, allowing it to it stop paying a dividend to its partner. The $130-billion deal is a bet that there's still room for growth in the US even though a majority of customers in the country already have smartphones. The company has forecast higher adjusted profit margins this year on a 4% increase in revenue. \"Verizon has an attractive dividend and an enviable position in the wireless market,\" said Kevin Roe, an analyst with Roe Equity Research. \"It's good ballast for investors in a choppy market.\"<\/p>\n \n\tThe telecom company is the 24th-highest payer of dividends in the Standard & Poor's 500 Index, with a yield of 4.4%, according to Bloomberg data.<\/p>\n \n\tBob Varettoni, a spokesman for New York-based Verizon, declined to comment on Berkshire's holding. The deal with Vodafone was announced last year. Buffett, 83, has long championed a concentrated approach to stock investing. More than half of Omaha, Nebraska-based Berkshire's $118.5 billion equity portfolio at the end of March was in four companies: Wells Fargo, Coca-Cola, American Express and International Business Machines.<\/p>\n \n\tThe Verizon investment was probably taken by one of his backup stock pickers, Todd Combs or Ted Weschler, based on its size, said Richard Cook, co-founder of Cook & Bynum Capital Management. The deputies each oversee about $7 billion for Berkshire and have gotten more funds from Buffett since being hired in 2010 and 2011.<\/p>\n Berkshire also said in the filing that its stake in General Motors (GM) declined by 25% to 30 million shares. The holding of DirecTV<\/a> fell to 34.5 million shares from 36.5 million three months earlier. Buffett has said that both picks were made by his deputies, who outperformed the S&P 500 in 2012 and 2013. \"It is very interesting to follow what Todd and Ted are doing,\" said Cook, who manages about $310 million, including Berkshire shares. \"They're smart investors, and they've had some home runs already.\"<\/p>\n \n\tBringing on Combs and Weschler was a cornerstone of Buffett's succession plan. The Berkshire chairman and chief executive officer has said they will jointly oversee all investments once he's no longer leading the business he built over the past five decades from a textile maker into one of the most-valuable companies in the world.<\/p>\n \n\tIts market capitalisation surged beyond $300 billion this year for the first time, buoyed by gains in the stock portfolio and earnings from dozens of operating businesses.<\/p>\n \n\tThat track record has earned Buffett a following among investors, who study Berkshire's stock picks for clues about investment strategy. His major equity purchases can often send a company's shares higher. When Buffett reported a $3.7 billion stake in Exxon Mobil in November, the world's biggest oil explorer gained 2.2% the following day and closed at its highest level in around 33 years.<\/p>\n \n\tVerizon advanced 1.8% to $48.81. Its largest shareholders include Capital Group Cos., manager of the American Funds mutual funds; BlackRock; and Vanguard Group, each with more than 200 million shares, according to data compiled by Bloomberg. Billionaire hedge fund manager John Paulson yesterday disclosed a stake of 8.7 million shares. Berkshire also boosted its stake in one of Buffett's investments, Wal-Mart Stores by 17% to about 58.1 million shares, according to the filing.<\/p>\n\n<\/body>","next_sibling":[{"msid":35370673,"title":"Guess who's winning the money battle in the war on net neutrality","entity_type":"ARTICLE","link":"\/news\/industry\/guess-whos-winning-the-money-battle-in-the-war-on-net-neutrality\/35370673","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":35379162,"entity_type":"ARTICLE","title":"Warren Buffett's Berkshire Hathaway discloses $528.7-mn bet on Verizon","synopsis":"Warren Buffett's Berkshire Hathaway disclosed a holding in Verizon Communications in a wager that the telecommunications company will benefit after buying out its partner in the largest US wireless business.","titleseo":"industry\/warren-buffetts-berkshire-hathaway-discloses-528-7-mn-bet-on-verizon","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":336,"shares":0,"engagementtimems":964000},"Alttitle":{"minfo":""},"artag":"Bloomberg","artdate":"2014-05-20 13:23:15","lastupd":"2014-05-20 13:25:49","breadcrumbTags":["Verizon Communications","industry","Warren Buffett","Business Partnership","Berkshire Hathaway","Verizon Wireless","Vodafone group","DirecTV"],"secinfo":{"seolocation":"industry\/warren-buffetts-berkshire-hathaway-discloses-528-7-mn-bet-on-verizon"}}" data-authors="[" "]" data-category-name="Industry" data-category_id="18" data-date="2014-05-20" data-index="article_1">
沃伦•巴菲特(Warren Buffett)的伯克希尔哈撒韦公司披露控股在Verizon Communications打赌,电信公司将受益后购买了美国最大的无线业务合作伙伴。 纽约:沃伦•巴菲特(Warren Buffett)的伯克希尔哈撒韦公司披露持有的威瑞森通讯在打赌,电信公司将受益购买后在美国最大的无线业务合作伙伴。Verizon发布道琼斯工业股票平均价格指数的涨幅最大。伯克希尔哈撒韦公司持有1100万股Verizon截至3月31日,巴菲特的公司在一份监管申报文件中表示。投资价值约5.3亿美元。 Verizon公司收购了沃达丰集团少数股权Verizon无线今年2月,允许它其合作伙伴停止支付股息。1300亿美元的交易是一个打赌,在美国仍有增长的空间虽然大部分客户在中国已经拥有智能手机。公司预测今年更高的调整后的利润增加了4%的收入。“威瑞森一个有吸引力的红利和令人羡慕的位置在无线市场,”凯文说罗伊,罗伊股票研究分析师。“这是好压载投资者在波涛汹涌的市场。” 电信公司是24 th-highest股息的支付标准普尔500指数的收益率为4.4%,根据彭博社的数据。 发言人鲍勃Varettoni纽约Verizon,伯克希尔哈撒韦公司持有拒绝评论。去年与沃达丰宣布的交易。巴菲特,83年,长期以来支持股票投资的集中方法。超过一半的奥马哈市,位于内布拉斯加州的伯克希尔哈撒韦1185亿美元的股票投资组合在3月底在四家公司:富国银行、可口可乐、美国运通和国际商业机器。 Verizon投资选股人可能是被他的一个备份,泰德•韦斯切勒库姆斯(Todd Combs)或根据其大小、联合创始人理查德•库克表示库克和拜纳姆资本管理。代表每个监督对伯克希尔哈撒韦70亿美元和得到更多资金从巴菲特自2010年和2011年被录用。 伯克希尔哈撒韦公司还在文件中称,通用汽车(GM)的股份下降了25%,至3000万股。举办DirecTV三个月前从3650万降至3450万股。巴菲特说,选择是由他的副手,超过标准普尔500指数在2012年和2013年。“这是非常有趣的跟托德和特德在做什么,”库克说,管理着约3.1亿美元资金,其中包括伯克希尔哈撒韦公司的股票。“他们聪明的投资者,他们已经有一些垒。” 库姆斯和韦斯勒将是巴菲特的接班人计划的基石。伯克希尔哈撒韦公司董事长兼首席执行官已经表示,他们将共同监督所有投资一旦他不再是主要的业务建立在过去五年的纺织品制造商激增公司之一在世界上。 今年市值飙升超过3000亿美元首次受到股票投资组合的收益和收益几十个运营业务。 投资者,巴菲特记录赢得了一批追随者,谁为线索研究伯克希尔哈撒韦公司的股票投资策略。他的主要购买股票通常可以发送一个公司股价上涨。当巴菲特公布11月埃克森美孚37亿美元的股份,世界最大的石油勘探第二天上涨2.2%,收于在33年的最高水平。 Verizon公司股价上涨1.8%,至48.81美元。其最大的股东包括Capital Group Cos。美国基金经理共同基金;贝莱德;和先锋集团,每个拥有超过2亿股,根据彭博社采集数据显示。亿万富翁的对冲基金经理约翰•保尔森(John Paulson)昨日披露的股份870万股。伯克希尔哈撒韦也推动了其股份在巴菲特的投资之一,沃尔玛17%至约5810万股,按申请。沃伦•巴菲特(Warren Buffett)的伯克希尔哈撒韦公司披露mn赌Verizon 528.7美元
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