Berkshire Hathaway Shares Reach Eight-Month High
Berkshire Hathaway shares reached an eight-month high this week as the stock continued to close in on the S&P 500. Class B shares closed at $512.37, while Class A shares ended at $768,010 — both their highest levels since November 28. Despite these gains, Berkshire remains below its all-time highs and lags behind key sectors like railroads and insurance. The stock's recent performance may be supported by strong returns from major holdings such as Apple (+13.6% year-to-date), Coca-Cola (+25%), and Bank of America (+12.6%). UBS analyst Brian Meredith raised his price targets for both share classes, citing improved earnings estimates and potential buybacks in Q2. Berkshire's second-quarter results are expected on August 8, which could provide further clarity on its financial performance.
Topics: Berkshire Hathaway portfolio holdings S&P 500 performance comparison Warren Buffett transition