The stake of 61.2 million shares was acquired previous year for $6.75 billion, an average of about $110.17 apiece, according to the annual report Saturday from Berkshire, which is led by billionaire chairman Warren Buffett.
This year's letter and Berkshire's annual report gave no clues about who will succeed Buffett as chief executive officer, a question shareholders and Wall Street have speculated about increasingly in recent years. That's up from $5.48 billion, or $3.65 per Class B share.
Berkshire generated $58.3 billion revenue in the quarter, up from $51.7 billion a year earlier. Operating earnings, excluding some investment outcomes, were $US2,665 a share.
"Many of our investees, including Bank of America BAC", -1.42% have been repurchasing shares, some quite aggressively.
"As the subject of repurchases has come to a boil, some people have come close to calling them un-American - characterizing them as corporate misdeeds that divert funds needed for productive endeavours", Mr Buffett said.
"This letter was more about Warren and Charlie's epitaph even more so than prior letters", said Smead, who is with Seattle-based Smead Capital Management.
Berkshire Hathaway Inc is a holding company owning subsidiaries engaged in various business activities.
"Charlie and I love our railroad, which was one of our best purchases", Buffett said, referring to longtime Berkshire Vice Chairman Charlie Munger.
For the full year, Berkshire's earnings were almost flat at $24.07 billion, or $16.05 per Class B share. Its insurance and utility businesses typically account for more than half of the company's net income.
Despite having previously disparaged airline stocks and the industry as a whole, Buffett and his Berkshire Hathaway investing group bought large amounts of stock in each of the four major airlines - Delta, United, American, and Southwest - in late 2016.
Mercedes W08 breaks cover at Silverstone
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Earnings Guidance on Bloomin Brands, Inc.(BLMN)
The stock is now moving above its 20-Day Simple Moving Average of -4.35% with the 50-Day Simple Moving Average of -4.35 percent. Finally, Jefferies Group LLC reissued a "hold" rating on shares of Bloomin' Brands in a report on Tuesday, January 3rd.
Scientists discover tiny new frogs in India
Garg and her fellow scientists collected the seven newly discovered frog species in 2002, and between 2013 and 2016. Now the total number of known night frog species has increased to 35, of which 20 percent are diminutive in size.