Buffett Initiate a new position in Charter Communications, Inc. (CHTR), increase his holdings in Verizon Communications Inc (VZ) and Suncor Energy Inc. (SU)

As per the 13F SEC filing from Berkshire Hathaway, Buffet has introduced Charter Communications, Inc. (NASDAQ:CHTR) in Berkshire’s portfolio with 2,309,013 shares worth $365 million in the second quarter 2014. Berkshire Hathaway even indicated that the company is buying stakes in Charter Communications, Inc. (NASDAQ:CHTR). CHTR currently forms 0.33% of the investment portfolio of Berkshire Hathaway. The company has a market cap of $16.91 billion and its shares have been traded for $155.61 recently. Charter Communications reported revenue of $2.3 billion for the second quarter with a 7.9% improvement in its adjusted EBITDA YOY. Net loss for the quarter stood at $45 million as compared to $95 million in the same period last year.

Verizone (VZ)

In addition to Charter Communications, Inc. (NASDAQ:CHTR), Buffet has increased stakes in Verizon Communications Inc. (NYSE:VZ) with 15,000,928 shares worth $733 million, as stated in 13F filing. Berkshire Hathaway increased its stake in Verizon Communications Inc. (NYSE:VZ) by 37% and now it accounts for 0.68% of the current portfolio of the hedge fund. The current market cap of Verizon Communications is $202.16 billion with current share price of $48.80 and P/E ratio of 10.37. Verizon Communications Inc. (NYSE:VZ) has a current dividend yield of 4.34%. Verizon Communications reported EPS of $1.01 for the second quarter 2014 as compared to $0.73 for the same quarter last year. The net revenue for second quarter was $31.5 billion with a 5.7% growth as compared to the same period last year.

Suncor Energy Inc. (USA) (NYSE:SU) is another major mover in Berkshire Hathaway’s portfolio with an additional purchase of 27%. Berkshire Hathaway currently has 16,458,330 shares of Suncor Energy Inc. (USA) (NYSE:SU) worth over $701 million, as per the 13F filing. Suncor Energy Inc. (USA) (NYSE:SU) amounts for 0.65% of the current portfolio of Berkshire Hathaway. Suncor Energy Inc. (USA) (NYSE:SU) has a market cap of $57.78 billion with P/E ratio of 14.91 and Dividend yield of nearly 2%. Suncor Energy is an integrated energy company and it works through its several subsidiaries. Its shares are traded at around $38.43 with P/E ratio of 14.91 and the stock has witnessed an upward rally since August 14, 2014. Suncor Energy announced net earnings of $211 million for the second quarter 2014 with EPS of $0.14.

(You can see the entire holdings of Warren Buffett).

This article has been written by Prakash Pandey and edited by Serkan Unal.

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