What Buffett is buying and selling now
Berkshire Hathaway increased its Johnson & Johnson stake, repurchasing shares that Mr. Buffett sold in the financial crisis to fund investments in firms including Goldman Sachs Group Inc. Berkshire raised its stake in the New Brunswick, New Jersey-based drugmaker by 73% to 41.3 million shares on March 31. The J&J holding is valued at about $2.4 billion. The company is a 'steady grower,” according to Jeff Jonas, an analyst with Gabelli & Co. And these days, steady is good.
(Photo: Bloomberg)