Warren Buffett's Berkshire Hathaway Inc has made more investment in Verizon Communications Inc and Wal-Mart Stores Inc in the first quarter - Reuters Photo.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc bought a new stake of 11 million shares in Verizon Communications Inc in the first quarter and added to its holding in Wal-Mart Stores Inc, according to a regulatory filing on Thursday.
Shares of Verizon rose 1.6% to US $48.75 in after-hours trading following the disclosure, in a US Securities and Exchange Commission filing, detailing Berkshire's US common stock investments as of March 31.
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