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Warren Buffett and Prem Watsa Both Love These Five Stocks

Buffett owns 83.77 million shares of U.S. Bancorp (NYSE:USB) valued at $3.66 billion, which gives the investment manager ownership of 4.59% of the overall common shares of the company. Prem Watsa reported ownership of 23,200 shares of U.S. Bancorp (NYSE:USB), with market value of $1.01 million. In a recent announcement, the board of directors of U.S. Bancorp announced a 4.1% increase in its dividend rate, hiking its annual dividend to $1.02 or $0.255 per quarter for a yield of 2.27%. Yacktman Asset Management and First Eagle Investment Management also hold large positions in the financial services company.

Prem Watsa
Prem Watsa
Fairfax Financial Holdings

Both Buffett and Watsa have shown interest in USG Corporation (NYSE:USG), owning 39.0 million shares valued at $1.04 billion and 32,800 shares valued at $875,000, respectively. USG Corporation (NYSE:USG) reported quarterly revenue of $648.23 million for the first quarter of 2015, representing 5.1% year-over-year growth. The building material company has received a short-term “Hold” rating and a price target of $31.35 from analysts, representing an upside of 15.26% from its current share price. Besides Buffett and Watsa, Gates Capital Management and Appaloosa Management LP are among the other major stockholders of USG Corporation (NYSE:USG).

Precision Castparts Corp. (NYSE:PCP) has grabbed the attention of these two financial experts as well. Buffett’s current position in the metal product manufacturer includes 4.20 million shares with a market value of $882.17 million. Fairfax Holdings own 2,000 shares of Precision Castparts Corp. (NYSE:PCP) valued at $420,000, with no change in the position from the last 13F filing period. Precision Castparts Corp. (NYSE:PCP) reported a 69% drop in its net income from continuing operations for the fourth quarter of 2015, to $149 million, compared to the prior year net income of $478 million. Needless to say, it hasn’t been a great year for the company, whose shares have declined 12.22% year-to-date. Soroban Capital Partners and SQ Advisors have large stockholdings in Precision Castparts Corp. (NYSE:PCP).

Disclosure: None

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