Warren Buffett, CEO of Berkshire Hathaway, has increased his stake in Delta Air Lines.
Berkshire Hathaway’s stake in Delta ticked up to nearly 11% in 2018 from 7.6% the prior year, according to a proxy statement filed Friday.
Buffett’s company reportedly bought 5,368,956 additional shares of the airline on March 6, 7 and 8 at prices ranging from $49.45 to $49.88 per share. The purchases grew Berkshire’s stock ownership of Delta to 70.9 million shares, but Buffett recently admitted the investment…
Atlanta Business Journal
Warren Buffett boosts stake in Delta Air Lines to nearly 11%