Berkshire Hathaway Inc
Berkshire Hathaway Inc. is an American conglomerate founded by Oliver Chace in the year 1839. Being currently headquartered in Omaha, Nebraska in the United States, it originally started as a textile manufacturing company.
The Berkshire Hathaway Inc Class A Shares are the costliest shares, trading at more than $4,30,000. This was largely because there has never been a stock split, and the company paid dividends only once after billionaire investor Warren Buffet took over the company.
Being a conglomerate, Berkshire Hathaway is engaged in diversified investments in various other corporations, insurance, utilities, food processing, consumer, real estate, operating North American railroad operations, etc.
What originally started as a textile company expanded its operations into the insurance sector largely due to the waning textile industry after World War-I. In 1965, Warren Buffet took over Berkshire Hathaway, who later expanded its operations in the insurance industry and other avenues. Its insurance business includes property, life, casualty, health, and accident insurance. It is also engaged in providing reinsurance services.
Berkshire Hathaway is traded under the ticker symbol BRK.A for Class A shares and BRK.B for Class B shares. The financials of Berkshire Hathaway are as under: Berkshire Hathaway clocked a revenue of $245.5 billion with profits of $42.5 billion in 2020. It has been maintaining its massive stakes in some of the most established companies, including Apple, Coca-Cola, Bank of America, American Express, etc.
Currently, its Class A and Class B shares are traded at NYSE. Apart from it, its Class B shares also form the part of indices that includes S&P 100 and S&P 500.
Currently Berkshire Hathaway Inc. (class A) has a market cap of $785.77 Billion. It has a P.E ratio of 10.23. The shares of Berkshire Hathaway Inc. (class A) are trading at $546868.99.
Organization: Berkshire Hathaway Inc. (class A)
Employees: 383000
CEO: Warren Buffett
Industry: Finance
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