In this piece, we will take a look at the five best value stocks to buy according to Warren Buffett. If you want to learn more about Warren Buffett and value investing, then take a look at 12 Best Value Stocks To Buy According To Warren Buffett.
5. American Express Company (NYSE:AXP)
Berkshire Hathaway’s Q3 2023 Investment Value: $22.6 billion
Latest P/E Ratio: 15.36
Number of Q3 2023 Hedge Fund Investors: 74
American Express Company (NYSE:AXP) is a financial and travel services provider that is one of the oldest of its kind. It expanded its partnership with mega retailer Amazon in November 2023 as it allowed customers to spend their Reward Dollars on Amazon purchases.
During Q3 2023, 74 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in American Express Company (NYSE:AXP) . Warren Buffett’s Berkshire Hathaway was the biggest shareholder among these as it owned 151.6 million shares that are worth $22.6 billion.
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4. Occidental Petroleum Corporation (NYSE:OXY)
Berkshire Hathaway’s Q3 2023 Investment Value: $14.5 billion
Latest P/E Ratio: 13.12
Number of Q3 2023 Hedge Fund Investors: 75
Occidental Petroleum Corporation (NYSE:OXY) is an American oil and gas exploration company headquartered in Houston, Texas. It has its eye set on the budding carbon recapture market these days, as Occidental Petroleum Corporation (NYSE:OXY) is interested in an initiative that could license out as many as one thousand carbon capture plants.
As of September 2023 end, 75 out of the 910 hedge funds polled by Insider Monkey were the firm’s shareholders. Occidental Petroleum Corporation (NYSE:OXY)’s largest shareholder is Warren Buffett’s Berkshire Hathaway due to its $14.5 billion stake.
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3. Citigroup Inc. (NYSE:C)
Berkshire Hathaway’s Q3 2023 Investment Value: $2.2 billion
Latest P/E Ratio: 7.15
Number of Q3 2023 Hedge Fund Investors: 79
Citigroup Inc. (NYSE:C) is an American bank that was set up in 1812 and is headquartered in New York, New York. These days, the firm is busy with a corporate overhaul, as it lays off managers and restructures its Asian operations.
By the end of this year’s third quarter, 79 out of the 910 hedge funds surveyed by Insider Monkey had bought and owned Citigroup Inc. (NYSE:C)’s shares. The banks’ biggest investor out of these is Warren Buffett’s Berkshire Hathaway courtesy of its $2.2 billion stake.
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2. T-Mobile US, Inc. (NASDAQ:TMUS)
Berkshire Hathaway’s Q3 2023 Investment Value: $734 million
Latest P/E Ratio: 6.43
Number of Q3 2023 Hedge Fund Investors: 79
T-Mobile US, Inc. (NASDAQ:TMUS) is an American telecommunications carrier that provides mobile packages and hardware products. The shares are rated Strong Buy on average and analysts have set an average share price target of $178.
During 2023’s September quarter, 79 out of the 910 hedge funds profiled by Insider Monkey were the firm’s shareholders. T-Mobile US, Inc. (NASDAQ:TMUS)’s largest hedge fund shareholder is Warren Buffett’s Berkshire Hathaway due to its $734 million investment.
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Follow T-Mobile Us Inc. (NYSE:TMUS)
1. Bank of America Corporation (NYSE:BAC)
Berkshire Hathaway’s Q3 2023 Investment Value: $28.2 billion
Latest P/E Ratio: 8.3
Number of Q3 2023 Hedge Fund Investors: 88
Bank of America Corporation (NYSE:BAC) is the second biggest bank in the U.S. after the giant JPMorgan Chase. Like other banks, it is bathing in money in a high interest rate era as it has beaten analyst EPS estimates in all four of its latest quarters.
By Q2 2023 end, 79 out of the 910 hedge funds part of Insider Monkey’s database had invested in Bank of America Corporation (NYSE:BAC). Warren Buffett’s Berkshire Hathaway owned the biggest stake in the company due to its $28.2 billion investment.
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Follow Bank Of America Corp (NYSE:BAC)
Disclosure: None. You can also take a look at Citadel Stock Holdings: 12 Biggest Energy Stocks and Warren Buffett and Wall Street Analysts Love These Stocks.
