Author: Vitaliy Dadalyan

Why Warren Buffett May Have Changed His Tune On Berkshire Buybacks

Legendary Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett took some heat at Berkshire's annual shareholder meeting in May for not being aggressive enough in using the company's massive cash pile to buy back shares of Berkshire stock.Buffett finally pulled the trigger on a major natural gas acquisition earlier this month, and there's evidence he has been scooping up shares of Berkshire as well.Just weeks after Berkshire made a $10 billion purchase of Dominion Energy Inc (NYSE: D) natural gas assets, The Rational Walk investing blog pointed out a recent Berkshire filing suggests Berkshire has been buying back large amounts of stock since the shareholder meeting.The NumbersBerkshire submitted a new filing with the SEC on July 8 stating that Buffett owned 248,734 Class A Berkshire shares and 10,188 Class B shares as of the filing date. By converting the Class B shares to Cass A equivalents, The Rational Walk estimates...