All headlines seem to be about Warren Buffett selling shares of Apple and Bank of America.
However, the Oracle of Omaha has retained some stocks, three of which we will discuss in the article below.
These are fundamentally sound companies that offer consistent dividends.
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Warren Buffett’s Berkshire Hathaway B (NYSE:) made significant portfolio changes in the second quarter, reducing its holdings in Apple (NASDAQ:) and Bank of America (NYSE:) while amassing a substantial cash position.
While these moves dominated headlines, the Oracle of Omaha retained several core holdings that align with his long-term investment philosophy.
Buffett favors companies with solid fundamentals, consistent dividend payments, a consumer focus, and robust business models. His portfolio includes several stocks that embody these characteristics.
Below, I’ll discuss three stocks that the legendary investor has retained, which investors seeking fundamentally strong companies might consider adding to their portfolios.
1. Coca-Cola
Coca-Cola (NYSE:) is a household name. Its best-known brands include Coca-Cola, Fanta, and Sprite, and it is headquartered in Atlanta, Georgia.
On October 1, it will distribute a dividend of $0.4850 per share and to be eligible to receive it, shares must be held before September 13. The dividend yield is 2.80%. It has been paying dividends for 54 consecutive years.
Source: InvestingPro
On October 22 it will present its results. EPS (earnings per share) is expected to increase by 6% by 2024.
Source: InvestingPro
In its first-quarter earnings report it showed solid performance, net revenue growth of 3% to $11.3 billion and earnings per share grew 3% to $0.74.
Of particular note was the gross profit margin, which stood at 60.53% for the last twelve months, reflecting efficient operations and a solid pricing strategy.
The company announced a five-year strategic partnership with Microsoft (NASDAQ:) to accelerate generative artificial intelligence initiatives. This partnership reflects Coca Cola’s…
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