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Ebube Jones

Warren Buffett Just Bought This Dividend Stock. Should You?

Warren Buffett just invested $1.24 billion in Constellation Brands (STZ) by buying 5.62 million shares in late 2024, making his Berkshire Hathaway (BRK.B) the sixth-largest holder of Constellation stock. As shown in his company’s latest 13F filing, this was Buffett’s only new stock purchase during the fourth quarter.

In addition to buying Constellation shares, Berkshire sold off some of its bank stock investments, including Citigroup (C) and Bank of America (BAC) shares. Berkshire also sold off its stake in Ulta Beauty (ULTA). 

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