Followers of the Oracle of Omaha will have noticed that the Berkshire Hathaway Inc. (NYSE: BRK-B) insider purchases in the past 60 days reported so far are focused on these three (well, two really) stocks.
Occidental Petroleum
- Total shares: almost 15.7 million
- Avg. price per share: $58.28
- Total cost: over $900.7 million
After picking up more than $3.9 million worth of shares in October, Buffett bolstered the Occidental Petroleum Corp. (NYSE: OXY) stake much further in mid-December to a total of over 243.7 million shares. That is about a 28% stake. Shares are down around 5% year to date and trading below Buffett’s average purchase price. The $66.84 consensus price target indicates that analysts currently anticipate more than 16% upside in the next 12 months.
Buffett can’t get enough of these seven dividend monsters.
Liberty Media
- Total shares: more than 3.6 million
- Avg. price per share: $30.60
- Total cost: over $110.5 million
Berkshire Hathaway has increased its stake in Liberty Media Corp. (NASDAQ: LSXMK) to nearly 48.5 million shares. And the C shares of this holding company were last seen trading in line with Buffett’s average purchase price. The stock is up almost 5% year to date. Note that Liberty Media and Sirius XM Holdings Inc. (NASDAQ: SIRI) plan to merge, and Liberty Media recently completed an acquisition of its own.
Buffett is collecting $1 billion a year in passive income from one stock alone.
More Liberty Media
- Total shares: more than 2.4 million
- Avg. price per share: $30.64
- Total cost: almost $74.5 million
Buffett also has increased the stake in Liberty Media Corp. (NASDAQ: LSXMA) to over 23.7 million A shares. This holding company’s stock was last seen changing hands for a little more than the average purchase price above. It has gained more than 5% since the beginning of the year. As mentioned above, Liberty Media and Sirius XM are in the process of merging, and Liberty Media completed an acquisition last month.
Five blue chip dividend stocks make up 75% of Buffett’s portfolio.
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