Does Warren Buffet own American Express stock?
“Now we own 20% of American Express,” Buffett said at the 2022 Annual Berkshire Hathaway Shareholders Meeting. “That happens to have worked out extremely well.
Despite selling some shares of Apple in the fourth quarter of 2023, the tech giant still holds the top spot in Berkshire's portfolio. Apple is such a massive holding that Buffett has referred to it as Berkshire Hathaway's "third-largest business" after its wholly-owned insurance and railroad businesses.
In addition to Visa, Warren Buffett also enjoys dividends from Chevron Corp (NYSE:CVX), Coca-Cola Co (NYSE:KO) and American Express Company (NYSE:AXP). In its October 2023 investor letter, Lakehouse Capital stated the following regarding Visa Inc. (NYSE:V):
American Express has a higher dividend yield than the other credit card giants. The stock currently has a 1.22% dividend yield and has maintained a double-digit growth rate for several years. The corporation recently announced a significant 17% year-over-year dividend hike, and its dividend has doubled since 2018.
He began buying the stock in 1991, and it has been a home-run investment for Berkshire. Since the beginning of 1992, AXP stock has generated a total return of more than 7,000%. Not only is American Express Berkshire's third-largest stock holding, but Buffett's stake represents roughly 20% ownership of the company.
| Name | Equities | % |
|---|---|---|
| BERKSHIRE HATHAWAY INC. 20.94 % | 151,610,700 | 20.94 % |
| Vanguard Fiduciary Trust Co. 6.444 % | 46,646,851 | 6.444 % |
| BlackRock Advisors LLC 4.422 % | 32,012,775 | 4.422 % |
| STATE STREET CORPORATION 4.102 % | 29,694,753 | 4.102 % |
- Palo Alto Networks Inc. (ticker: PANW)
- Nvidia Corp. (NVDA)
- Apple Inc. (AAPL)
- Microsoft Corp. (MSFT)
- Alphabet Inc. (GOOG)
- Tesla Inc. (TSLA)
- AllianceBernstein Holding LP (AB)
- Walt Disney Co. (DIS)
| Ticker | Company | % Portfolio |
|---|---|---|
| MSFT | Microsoft Corp. | 33.98% |
| BRK.B | Berkshire Hathaway Inc. | 16.80% |
| CNI | Canadian National Railway Co. | 16.29% |
| WM | Waste Management Inc. | 14.92% |
The two investments held in Berkshire Hathaway's portfolio that Buffett recommends more than anything else are two S&P 500 index funds. The SPDR S&P 500 ETF Trust (SPY 1.01%) and the Vanguard S&P 500 ETF (VOO 1.07%).
Some of the best dividend stocks include Johnson & Johnson (NYSE:JNJ), The Procter & Gamble Company (NYSE:PG), and AbbVie Inc (NYSE:ABBV) with impressive track records of dividend growth and strong balance sheets. In this article, we will further take a look at some of the best dividend stocks of all time.
What is considered the best dividend stock?
| Stock | Dividend yield |
|---|---|
| Pfizer Inc. (PFE) | 6.6% |
| Coca-Cola Co. (KO) | 3.3% |
| Johnson & Johnson (JNJ) | 3.4% |
| Prologis Inc. (PLD) | 3.7% |
- Verizon Communications VZ.
- Johnson & Johnson JNJ.
- Philip Morris International PM.
- Altria Group MO.
- Comcast CMCSA.
- Medtronic MDT.
- Pioneer Natural Resources PXD.
- Duke Energy DUK.
| Company | Ticker | Years of dividend growth |
|---|---|---|
| Emerson Electric | EMR | 67 |
| Genuine Parts | GPC | 67 |
| Procter & Gamble | PG | 68 |
| Dover | DOV | 68 |
The average price target for American Express is $221.25. This is based on 18 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $250.00 ,the lowest forecast is $159.00. The average price target represents 0.81% Increase from the current price of $219.48.
- ARMOUR Residential REIT – 20.7%
- Orchid Island Capital – 17.8%
- AGNC Investment – 14.8%
- Oxford Square Capital – 13.7%
- Ellington Residential Mortgage REIT – 13.2%
- SLR Investment – 11.5%
- PennantPark Floating Rate Capital – 10%
- Main Street Capital – 7%
American Express is owned by American Express Company, a U.S.-based multinational financial services corporation headquartered in New York, NY. American Express Company was founded in 1850 and has owned American Express ever since.
The reasons behind Buffett's long-term investment in American Express are easy to see. Firstly, the company has a strong brand with loyal and profitable customers all over the world. Over time, this customer loyalty has resulted in consistent and reliable revenue for investors.
Berkshire Hathaway: 17%
He joined Gates in 2006 and has since donated $36 billion through 2022 to the Gates Foundation -- and has encouraged other wealthy individuals to become benefactors. As a result, the Gates Foundation owns nearly 20 million Berkshire shares valued at $7.1 billion.
Nine-figure artwork purchase
The largest purchase ever made on a American Express Business Centurion Card was reportedly a $170 million painting, bought by Chinese billionaire Liu Yiqian Liu.
American Express' management made it too dependent on a few co-branded card partnerships. The benefits from this strategy were temporary and outweighed by the concentration risks. Some of these risks still exist today, even though Costco, Fidelity, and JetBlue are no longer partners.
What stocks are Congress buying 2024?
| Stock | Politician | Traded |
|---|---|---|
| FMAO Farmers & Merchants Bancorp, Inc. | Robert E. Latta R House | Apr 20, 2024 |
| NEE Nextera Energy | Smith, Tina D Senate | Apr 4, 2024 |
| PODD Insulet Corporation - Common Stock | Smith, Tina D Senate | Apr 4, 2024 |
| VZ Verizon Communications Inc | King, Angus I Senate | Mar 7, 2024 |
| Stock | Q4 change in shares | Change |
|---|---|---|
| D.R. Horton Inc. (DHI) | -5,969,714 | Sold all |
| Paramount Global (PARA) | -30,408,484 | -32.4% |
| Markel Group Inc. (MKL) | -158,715 | Sold all |
| SiriusXM Holdings Inc. (SIRI) | +30,559,834 | +315.6% |
It's this rapid and accelerating demand for AI that has supercharged Nvidia's growth. For its fiscal 2024 fourth quarter, ended Jan. 28, Nvidia generated record revenue of $22.1 billion, which soared 265% year over year. Profit was also robust, as adjusted earnings per share (EPS) of $5.16 surged 486%.
Bullish on this entire logistics and supply chain market, regardless of the competitive differences, the Bill & Melinda Gates Foundation now owns through Cascade Investment 1.53 million shares of FedEx Corp.
"Billionaire CEOs like [Jeff] Bezos, [Mark] Zuckerberg, Jamie Dimon, and the Walton family are selling off massive amounts of their own stocks, and analysts think the CEOS may be bracing for an economic downturn," he said, adding, “An overheated stock market continues to climb to new heights as investors feed that ...
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