Buffett says he took another bite out of Apple’s stock
Billionaire investor Warren Buffett on Thursday said he had bought “just a little” more of Apple Inc. in an interview with CNBC.
Buffett’s Berkshire Hathaway Inc. BRK.A, -0.16%BRK.B, -0.72% revealed in a regulatory filing earlier this month that it had bought 12.4 million shares of Apple in the second quarter to a total of nearly 252 million shares as of June 30.
Apple sharesAAPL, +0.92% jumped amid Buffett’s comments on the business network. The iPhone maker’s stock ended the day up 0.9% at $225.03.
Apple became the first U.S. company to reach a $1 trillion market capitalization on Aug. 1, after its share price crossed the $207.04 threshold in intraday trading.
Buffett’s Berkshire has largely avoided investing in the technology and internet sector, but has recently changed heart, confessing to CNBC’s Becky Quick during Thursday’s interview that he has become a fan of his Apple iPad.
The Wall Street Journal has pointed out that Berkshire has repeatedly added shares of the iPhone maker, including more than doubling its stake in early 2017. As of March 31, Berkshire was Apple’s second-largest shareholder after Vanguard Group, holding 4.96% of Apple stock.
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