Billionaire Warren Buffett’s Top Oldest Investments

#2 The Coca-Cola Co (NYSE:KO)

– Shares Owned by Berkshire Hathaway (as of December 31): 400 million

– Value of Holding (as of December 31): $17.18 billion

The Coca-Cola Co (NYSE:KO) has been one of the legendary investments made by Mr. Buffet in his career, something which is still admired by a lot of investors and discussed quite often. The company has generated enormous profits for Berkshire Hathaway since it first initiated a stake in it in 1988. However, there are  also a few people like activist investor Bill Ackman, who not only dislike The Coca-Cola Co (NYSE:KO), but also Berkshire’s investment in it. Last year, a few days after Charlie Munger criticized the strategy of Valeant Pharmaceuticals Intl Inc (NYSE:VRX), in which Mr. Ackman owns a substantial stake, Mr. Ackman retaliated by saying that The Coca-Cola Co has ’caused enormous damage to society’ and ‘has probably done more to create obesity and diabetes on a global basis than any other company in the world’. Shares of the beverage giant have rallied since September 2015 and are currently trading up by 7% year-to-date. However, in spite of this rally, the stock still sports an attractive annual dividend yield of 3%. On March 16, analysts at Goldman Sachs reiterated their ‘Neutral’ rating and $46 price target on the stock.

#1 Wells Fargo & Co (NYSE:WFC)

– Shares Owned by Berkshire Hathaway (as of December 31): 479.70 million

– Value of Holding (as of December 31): $26.07 billion

Though Berkshire initiated a stake in Wells Fargo & Co (NYSE:WFC) in 1989 itself, the company became a major part of the firm’s portfolio in the following year when Berkshire increased its stake in it by 600%. Wells Fargo & Co (NYSE:WFC) has been Berkshire’s largest equity holding for the past 15 quarters and accounted for almost 20% of the value of the firm’s equity portfolio at the end of 2015. In a recent filing with the US Securities and Exchange Commission, Berkshire reported holding 506.31 million shares of Wells Fargo & Co (NYSE:WFC), representing 10% of the company’s outstanding stock. With ownership of nearly 19 million shares, Ken Fisher‘s Fisher Asset Management trailed Berkshire Hathaway as the largest shareholder of the company  among funds tracked by us at the end of the fourth quarter. Amid a decline in major banking stocks this year, shares of Wells Fargo & Co have also declined this year and are currently trading down 11%  year-to-date. However, they performed relatively well when compared to other banking stocks. For its first fiscal quarter, analysts are expecting Wells Fargo & Co (NYSE:WFC) to report EPS of $0.99 on revenue of $21.68 billion, compared to EPS of $1.04  on revenue of $21.30 billion that it delivered in the same quarter of the previous fiscal year. Wells Fargo & Co’s stock sports an average rating of ‘Overweight’ and an average price target of $56.06.

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