Warren Buffett and Graham Holdings Co (GHC) Announce Agreement To Swap Stakes

Berkshire Hathaway and Graham Holdings Co (NYSE:GHC) have reached an agreement to swap assets. As agreed earlier, Berkshire is set to receive WPLG, a Miami-based television station, a number of Berkshire Class A and Class B shares and cash in exchange for approximately 1.6 million shares of Graham Holdings Class B stock that are currently owned by Berkshire. The specific number of shares was not disclosed, as it will be decided on the day of the transaction, taking into account the closing prices and other factors. According to a recent filing with the Securities and Exchange Commission, Warren Buffett and Berkshire hold approximately 1.72 million Graham Holdings Co (NYSE:GHC) shares, or 27.7% of the total number of shares outstanding.

Warren Buffett portrait

Graham Holdings Co (NYSE:GHC), an education and media company formerly known as The Washington Post Company, has a market cap of $5.04 billion and pays an annual dividend of $10.20, which represents a yield of 0.37%. The stock has been in an uptrend since November 2012 and has peaked in March at $745.11 per share, trending sideways since then and gaining 3% so far this year. It is traded at a trailing Price to Earnings (P/E) ratio of 26.xx and has a beta of 1.24. Graham Holdings posted revenues of $888 million in revenues and Earnings Per Share (EPS) of $7.88  for the thirteen weeks ending December 31, 2013.

Last month, Berkshire Hathaway reported an increase in its holding of USG Corporation (NYSE:USG), following a conversion of $56.17 million worth of Convertible Senior Notes. Berkshire received, 87.7193 shares per $1,000 principal amount of Notes, thus increasing its stake by 4.93 million to 47.78 million shares. In another move, Warren Buffett boosted his fund’s stake in DaVita HealthCare Partners Inc (NYSE:DVA), taking it to 37.2 million shares, which account for 18% of the company’s common stock.

Disclosure: none.

Recommended reading:

Buffett’s Berkshire Converts Notes Worth $56 Mln into Shares of USG Corporation (USG)

Warren Buffett Ups Stake in DaVita HealthCare Partners Inc (DVA) to 18%

Stay Away From These Warren Buffett Stocks

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!