Though he campaigned for Hillary Clinton, financier Warren Buffett ( Trades , Portfolio ) divulged that he bought a lot of stocks following the election of President Donald Trump, and on Tuesday he revealed what they were.
The CEO of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) started three new positions, in Southwest Airlines Co. ( LUV ), Monsanto Co. ( MON ) and Sirius XM Holdings ( SIRI ). He (or one of his managers, Ted Weschler and Todd Combs) also continued his liking for airlines, amassing more shares of Delta Air Lines Inc. ( DAL ), United Continental Holdings Inc. ( UAL ) and American Airlines Group Inc. (AAL).
Berkshire’s other increases were to Apple Inc. (AAPL) and Bank of New York Mellon (BK).
Stocks Buffett sold were: Liberty Media Group (FWONA), Lee Enterprises Inc. (LEE), Kinder Morgan Inc. (KMI), Liberty Media Group (FWONK), Now Inc. (DNOW), Deere & Co. (DE). He sold all but 0.01% of Verizon (VZ) and slashed Wal-Mart Stores (WMT) by 89.26%.
Berkshire’s New Buys
Southwest Airlines ( LUV )
Berkshire bought 43,203,775 shares of Southwest Airlines, which traded at an average price around $ 45 for the quarter. It had a 1.46% portfolio weight.
Southwest Airlines has a market cap of $ 34.03 billion; its shares were traded around $ 55.31 with a P/E ratio of 15.61 and P/S ratio of 1.72. The trailing 12-month dividend yield of Southwest Airlines stocks is 0.68%. The forward dividend yield of Southwest Airlines stocks is 0.72%. Southwest Airlines had an annual average earnings growth of 16.70% over the past 10 years.
Monsanto Co. ( MON )
Berkshire bought 8,041,784 shares of Monsanto, which traded around $ 103 per share in the quarter. It has a 0.57% portfolio weight.
Monsanto has a market cap of $ 47.2 billion; its shares were traded around $ 107.63 with a P/E ratio of 29.09 and P/S ratio of 3.42. The trailing 12-month dividend yield of Monsanto stocks is 2.01%. The forward dividend yield of Monsanto stocks is 2.01%. Monsanto had an annual average earnings growth of 9.40% over the past 10 years. GuruFocus rated Monsanto the business predictability rank of 3.5-star.
Sirius XM Holdings ( SIRI )
Berkshire bought 166,638,941 shares of Sirius XM Holdings, which had an average price around $ 4 for the quarter. It had a 0.5% portfolio weight.
Sirius XM Holdings has a market cap of $ 22.35 billion; its shares were traded around $ 4.74 with a P/E ratio of 33.86 and P/S ratio of 4.72. The trailing 12-month dividend yield of Sirius XM Holdings stocks is 0.42%. The forward dividend yield of Sirius XM Holdings stocks is 0.84%. Sirius XM Holdings had an annual average earnings growth of 18.90% over the past five years.
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This article first appeared on GuruFocus .
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