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Warren Buffett Enlarges DaVita Stake as Company Expands
1/17/2013 3:13:00 PM
As DaVita (
) continues to expand, so too does
's stake in the company. Berkshire Hathaway (
) on Jan. 9 increased its holding in the company by 1.3%, the
latest of a string of 12 DaVita share purchases it made since
October, according to
GuruFocus Real Time Picks
. The move is also its second of the new year, as DaVita began
partnering with competitor Fresenius Medical Care (
) though its DaVita Rx pharmacy, and made headway in Europe.
DVA data by GuruFocus.com
Its midday trading price of $109.07 is close to its 10-year high. Its P/B of 3.77 is close to a one-year high, and its P/S of 1.46 is close to a three-year high. DaVita has a P/E of 19.8.
Berkshire began picking up DaVita shares in the fourth quarter of 2011, when the price was much lower, just $71 a share on average. It is likely that one of Buffett's new portfolio manager recruits, Ted Weschler, is the one making the trades, rather than Buffett himself.
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