{"id":129149,"date":"2021-06-17T13:54:46","date_gmt":"2021-06-17T13:54:46","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129149"},"modified":"2021-06-17T13:54:46","modified_gmt":"2021-06-17T13:54:46","slug":"warren-buffet-sold-these-8-stocks-in-q1-and-all-have-done-well-in-q2","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/warren-buffet-sold-these-8-stocks-in-q1-and-all-have-done-well-in-q2\/","title":{"rendered":"Warren Buffet Sold These 8 Stocks in Q1 and All Have Done Well in Q2"},"content":{"rendered":"<p>On Wednesday, we took a look at five of the 13 stocks in which Warren Buffett lightened or sold entirely Berkshire Hathaway Inc.\u2019s (NYSE: BRK-B) stake in the first quarter of this year. Here we look at the other eight stocks in which Buffett reduced his holding and how those stocks have performed to date in the second quarter.<\/p>\n<p>Buffett exited Berkshire\u2019s position in Suncor Energy Inc. (NYSE: SU), selling all 13.8 million shares for a total of around $232 million. As of Wednesday\u2019s close, Suncor stock has increased in value by around 21%. The Canadian oil sands producer pays a dividend yield of 2.76%.<\/p>\n<p>Buffett reduced his stake in Merck &#038; Co. Inc. (NYSE: MRK) from 28.7 million shares at the end of December 2020 to 17.9 million shares at the end of March 2021. The value of Berkshire\u2019s remaining stake in Merck is around $1.4 billion, and the stock has gained more than 5% since March 31. Merck also pays a dividend yield of 3.43%.<\/p>\n<p>Berkshire\u2019s portfolio currently includes 10.7 million shares of Brazilian fintech firm StoneCo Ltd. (NASDAQ: STNE), down from about 14.2 million shares at the end of December. The value of Berkshire\u2019s holding is around $677 million, and the stock has added about 3.5% to its share price in the second quarter. StoneCo does not pay a dividend.<\/p>\n<p>Buffett owned 50 million shares of Sirius XM Holdings Inc. (NASDAQ: SIRI) at the end of December. He reduced his stake by 12.7% in the first quarter and currently owns 43.7 million shares valued at around $284 million. Sirius XM stock has added nearly 8% to its share price and pays a dividend yield of 0.88%.<\/p>\n<p>Buffett cut his stake in AbbVie Inc. (NYSE: ABBV) by 10.4% in the first quarter, and his share total dropped from 25.5 million to 22.9 million. Berkshire\u2019s stake is valued at around $2.6 billion. AbbVie stock has added 8% so far in the second quarter. The company pays a dividend yield of 4.49%.<\/p>\n<p>Berkshire\u2019s holding in General Motors Co. (NYSE: GM) was cut by 7.6% in the first quarter, from 72.5 million to 67 million shares. GM shares have gained 7.5% so far in the second quarter, and Buffett\u2019s stake is valued at around $4.1 billion. GM does not pay a dividend.<\/p>\n<p>Buffet reduced his stake in drugmaker Bristol Myers Squibb Co. (NYSE: BMY) by nearly 7% to 31 million shares from a December holding of 33.3 million. The stock has added 6% so far in the second quarter, and Berkshire\u2019s March stake is valued at around $2.1 billion. The company pays a dividend yield of 2.93%.<\/p>\n<p>Berkshire lowered its stake in U.S. Bancorp (NYSE: USB) by just 1.1% between December and March. Buffet currently owns 129.7 million shares with a value of around $7.5 billion. U.S. Bank\u2019s share price has appreciated by around 5.7% so far in the second quarter. The bank pays a dividend yield of 2.87%.<\/p>\n<\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/investing\/2021\/06\/17\/warren-buffet-sold-these-8-stocks-in-q1-and-all-have-done-well-in-q2\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, we took a look at<\/p>\n","protected":false},"author":3,"featured_media":129148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warren Buffet Sold These 8 Stocks in Q1 and All Have Done Well in Q2 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/warren-buffet-sold-these-8-stocks-in-q1-and-all-have-done-well-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Buffet Sold These 8 Stocks in Q1 and All Have Done Well in Q2 - 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