Berkshire Hathaway made significant moves in December 2024, selling approximately 830,000 shares of Charter Communications, resulting in a 30% reduction in ownership, while also divesting from Ulta Beauty and Nu Holdings. Conversely, the firm increased its stake in Domino's Pizza by 86% and initiated a new holding in Constellation Brands with over 5 million shares. These trades reflect a strategic shift, particularly in banking-related stocks, as Berkshire seeks to capitalize on future opportunities.
Ulta Beauty Surprises with Strong Earnings and Positive Sales Growth
Ulta Beauty Inc. reported a strong third quarter, with earnings per share of $5.14, surpassing the estimated $4.53. The cosmetics retailer also achieved better-than-expected comparable sales, defying concerns over competition and holiday discounts.
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