Warren Buffett
added 0.71% to his holding of DaVita Inc. (
DVA
) at the average price of $107.82 on 10/09/2012, as reported by
GuruFocus Real Time Picks. After the purchase, he owns 9,650,349
shares, of 10.8% of the company. He just increased his holding of
DaVita by 3.04% on Sept. 28. DaVita is currently trading at
historic highs.
It is speculated that one of Berkshire Hathaway (
BRK.A
)(
BRK.B
)'s new managers,
Ted Weschler
or Todd Combs, purchased this stock, as Buffett has publicly
stated that they were responsible for the smaller positions added
to the portfolio around that time. Weschler owned 3.3% of DaVita
through his hedge fund prior to leaving it to join Berkshire.
Berkshire initiated the DaVita position in the fourth quarter of
2011, buying 2.7 million shares at an average price of $71, and
more than tripled the holding in the first and second quarters of
2012.
Other Guru investors who have large holdings of DaVita include
Steve Mandel
and
Andreas Halvorsen
, who each own less than 4% of the company.
DaVita Inc. is one of the largest providers of high-quality
dialysis and related services for patients suffering from chronic
kidney failure, also known as end stage renal disease.
DaVita Inc. has a market cap of $10.25 billion; its shares were
traded at around $110.37 with a P/E ratio of 18.1 and P/S ratio
of 1.5. DaVita Inc. had an annual average earnings growth of
17.8% over the past 10 years. GuruFocus rated DaVita Inc. the
business predictability rank of 3.5-star.
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