5 Best Value Stocks To Buy According To Warren Buffett

1. Bank of America Corporation (NYSE:BAC)

Berkshire Hathaway’s Stake Value: $41,646,448,000
Percent of Berkshire Hathaway 13F Portfolio: 14.21%
Number of Hedge Fund Holders: 87
PE Ratio (TTM): 14.40

Bank of America Corporation (NYSE:BAC) tops our list of the best value stocks to buy according to Warren Buffett. It is an American multinational investment bank that also offers financial services to its consumers. 

As of Q2 2021, Bank of America Corporation (NYSE:BAC) is the second-largest holding of Berkshire Hathaway as the hedge fund owns over 1 trillion shares in the company, valued at $41.6 billion. The company accounts for 14.21% of the fund’s 13F portfolio. In Q2 2021, Bank of America Corporation (NYSE:BAC) posted a GAAP EPS of $1.03, beating the estimates by $0.26. In September, Odeon Capital group upgraded Bank of America Corporation (NYSE:BAC) to ‘Buy’, with a $46.50 price target. Since the beginning of the year, the stock has delivered a 44.99% return to shareholders, while it gained 74.51% in the past year. 

As of Q2 2021, 87 hedge funds tracked by Insider Monkey have positions in Bank of America Corporation (NYSE:BAC), compared with 97 in the previous quarter. The total value of these stakes is over $46.5 billion. 

ClearBridge Investments mentioned Bank of America Corporation (NYSE:BAC) in its Q1 2021 investor letter. Here is what the firm has to say: 

“Higher long-term interest rates supported financials such as Bank of America, which has shown both defensive and offensive characteristics in the past year. We believe it continues to be the least risky large bank from a credit standpoint, with conservative underwriting and controlled risk taking, a leading consumer deposit franchise, scale and technology. It is also a leader in its commitments to sustainability, or as it terms it, responsible growth. Disclosure and reporting at all levels form a large part of this commitment, including gender diversity and equality, environmental commitments and support of communities in which it operates. In the first quarter Bank of America announced it is setting a goal of net-zero greenhouse gas (GHG) emissions in its supply chain and operations, and notably also in its financing activities, before 2050.”

You can also take a look at 12 Best Value Dividend Stocks to Buy Now and Top 10 Undervalued Tech Stocks

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