Warren Buffett’s crew at Berkshire Hathaway ($BRK.A) ($BRK.B) just upped their bet on the Japanese commodity industry, nudging their Mitsubishi Corp. (JP:8058) stake above 10%. The U.S. conglomerate, through its insurance arm National Indemnity Company, also topped its holding in Mitsi & Co. (MITSY), according to Reuters.
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Berkshire’s stake in Mitsubishi and Mitsi previously stood at 9.74% and 9.82%. The shares of the multinational company during early trading on Thursday rose 0.36% to $497.50 as of 8.26am EDT.
The latest investment raise comes about five months after the Nesbraka-based holding company similarly racked up its share in these companies and three other similar ones: Sumitomo Corp (JP:8053), Itochu (JP:8001), and Marubeni (JP:8002).
Berkshire Backs UnitedHealth, Trims Apple
Meanwhile, back home in the U.S., Berkshire is active in the game. The Fortune 500 company is betting big on troubled health insurer UnitedHealth Group, with a $1.57 billion investment. The position was quietly established late last year, likely as a strategy to prevent causing market volatility. On the contrary, the firm has trimmed its stake in Apple (AAPL), the Bank of America (BAC), and Charter Communications (CHTR).
Moreover, the former textile manufacturer, which owns BNSF Railway, one of the largest railroad operators in the U.S., has denied plans to acquire another railroad. However, BNSF Railway formed a strategic partnership with American freight railroad operator, CSX Corp. (CSX), weeks after Buffet and his top lieutenant, Greg Abel, met with the CSX CEO Joseph Hinrichs.
What Is the Target Price for BRK.B Stock?
TD Cowen analyst Andrew Kligerman recently trimmed his price target for Berkshire’s shares from $485 to $479 while still maintaining a Hold rating on the shares. The update came after the financial services firm revised its 2025/2026 estimates for Berkshire.
Furthermore, BRK.B stock has a Moderate Buy recommendation on TipRanks based on consensus ratings by two Wall Street analysts, with one Buy and one Hold rating. The average BRK.B price target is $534.33, which is a 7.79% potential upswing from the current price.
