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Berkshire Hathaway is now AAPL’s second-largest shareholder [U: Reuters says ‘data error’]

Update: Reuters has now issued a correction, stating that it made a data error, and that Berkshire Hathaway remains #3:

Corrects ninth paragraph in May 15 article because of data error, and to show that Berkshire Hathaway is Apple’s third-largest shareholder, trailing Vanguard Group and BlackRock, not its second-largest shareholder.

Warren Buffett’s Berkshire Hathaway recently disclosed that it had increased its stake in AAPL to 240.3M shares, worth more than $42B at the time …


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Long-time Apple skeptic Warren Buffett’s conglomerate has bought $1B of AAPL stock

Warren Buffett’s conglomerate Berkshire Hathaway has purchased more than a billion dollars worth of AAPL stock. An SEC filing (via CNBC) revealed that the fund had purchased 9,811,747 shares worth a total of $1.069B as at the end of the first quarter.

It’s believed that Berkshire Hathaway owned few AAPL shares prior to this move. Warren Buffett said way back in 2011 that the conglomerate ‘held very few in the past and we’re likely to hold very few in the future’ as the company’s long-term prospects were too difficult to predict …


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Apple tops the list of the world’s most admired companies for 8th year running

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Apple has topped the list of Fortune‘s list of the World’s Most Admired Companies for the 8th consecutive year, with Google taking the number two slot occupied last year by Amazon, while investment company Berkshire Hathaway moved up one slot into third place.

Apple received the top score in all nine categories of innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness (was never going to be too much doubt about that one), long-term investment value, quality of products and global competitiveness … 
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Wall Street ranks Apple world’s most respected company, analysts raise target share prices

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Barron’s reports that institutional investors have returned Apple to its number one slot in its annual ranking of the world’s most respected companies, after it was beaten last year by Berkshire Hathaway.

Apple topped this year’s ranking by scoring 3.94, giving it a wide margin of victory. Berkshire scored 3.58, and the mean was 2.37. Apple received the highest number of Highly Respect votes …


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AAPL climbs to #5 in Fortune 500 as gross revenues reached $170B

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Apple’s gross revenues of $170B were enough for the world’s most valuable company by market cap to climb one place in the Fortune 500 ranking, from 6th to 5th place.

Apple was placed behind Walmart, Exxon, Chevron and conglomerate holding company Berkshire Hathaway (which owns large chunks of such well-known brands as Heinz, Coca-Cola, Mars and American Express). Phillips 66, General Motors, Ford Motor, General Electric and Valero Energy make up the rest of the top 10.

While Apple ranks fifth in terms of revenues, its huge cash reserves mean that it has tended to alternate with Exxon as the world’s most valuable company when measured by market capitalization, and is arguably significantly undervalued by most measures … 
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