|Day's range||130.20 - 130.20|
Warren Buffett's Berkshire Hathaway Inc has stepped up its pace of stock buybacks, repurchasing more than $1.8 billion of its own stock this year. In its proxy filing on Friday, Berkshire said that as of March 8 it had the equivalent of 1,455,698 Class A shares outstanding, down 4,035 from year end and 2,537 from Feb. 13, reflecting the repurchases. Berkshire's repurchases have also included Class B shares, which normally cost about 1/1500th as much as Class A shares.
Berkshire Hathaway Inc, run by billionaire Warren Buffett, on Friday urged shareholders to reject proposals that it avoid discussing hot-button social and political issues, and competing proposals that it disclose more about its climate change and diversity efforts. The Omaha, Nebraska-based company also urged the rejection for a second straight year of a shareholder proposal that Buffett, 92, let someone else be chairman, while remaining chief executive. Berkshire's recommendations were disclosed in its annual proxy filing, ahead of its May 6 annual meeting.
Few investors are more revered on Wall Street than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. What you might not realize is Berkshire's portfolio concentration is even more magnified when examined by sector.