--- title: "Warren Buffett Slashes Apple Holdings – But He’s Keeping These 4 Dividend Stock Gems" description: "Warren Buffett has sold 49% of his stake in Apple but is keeping four dividend stock gems. Berkshire Hathaway now holds a record $277 billion in cash. The selling spree has raised concerns of a market" type: "news" locale: "en" url: "https://longbridge.com/en/news/210650723.md" published_at: "2024-08-03T15:02:54.000Z" --- # Warren Buffett Slashes Apple Holdings – But He’s Keeping These 4 Dividend Stock Gems > Warren Buffett has sold 49% of his stake in Apple but is keeping four dividend stock gems. Berkshire Hathaway now holds a record $277 billion in cash. The selling spree has raised concerns of a market crash. Buffett's remaining holdings include Ally Financial and Chevron, both of which offer high dividends. **24/7 Insights** - Warren Buffett now has a stunning $277 billion in cash, his highest level ever - Is the massive Berkshire Hathaway selling a precursor to a market crash? - Grab this outstanding free report today Access 2 legendary, high-yield dividend stocks Wall Street loves **If any investor** has stood the test of time, it’s Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting draws thousands of loyal fans who are investors. **Long-time investors** and Buffett mavens are familiar with his quote, “His favorite holding for an S&P 500 stock is forever”, so it may be surprising to some that Berkshire Hathaway went on a massive selling spree recently. Mr. Buffett sold a stunning 49% of his stake in Apple Inc. (NASDAQ: AAPL), and despite the sales, the iPhone maker remains the most prominent position in the portfolio. **Taking advantage** of a huge 23% second-quarter move to all-time highs in the stock, Apple’s position was once a massive 50% of Berkshire Hathaway. The selling comes in addition to a huge drawdown in Bank of America, Inc. (NYSE: BAC) shares, where Mr. Buffett sold 3.8 billion worth of stock after a reported 12-day selling binge. **We decided to** screen the remaining Berkshire Hathaway holdings, looking for the stocks that pay the biggest dividends. Based on current reporting data, Warren Buffett hasn’t been selling any of these top companies. Dividend investors have to check out this free report. https://247wallst.com/dividend-legends/?tpid=1407652&tv=link&tc=in\_content ## Why are we covering this? With a 15-year track record of covering Mr. Buffett and Berkshire Hathaway at 24/7 Wall St., it is important to keep our readers updated on the top news from the financial powerhouse. ## Ally Financial **The bank, which** has no buildings, posted outstanding second-quarter earnings and paid a significant 2.95% dividend. Ally Financial, Inc. (NYSE: ALLY), a pioneer in the digital financial services industry, offers a diverse range of innovative digital financial products and services to consumer, commercial, and corporate customers, primarily in the United States and Canada. **It operates** through four segments: - Automotive Finance Operations - Insurance Operations - Mortgage Finance Operations - Corporate Finance Operations **The Automotive** Finance Operations segment offers: - Automotive financing services, including retail installment sales contracts - Loans and operating leases - Term loans to dealers - Financing dealer floor plans and other lines of credit to dealers - Warehouse lines to automotive retailers - Fleet financing. **It also** provides financing services to companies and municipalities to purchase or lease vehicles and vehicle remarketing services. **The Insurance** Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, as well as commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contracts and guaranteed asset protection products and underwrites commercial insurance coverages, which primarily insure dealers’ vehicle inventory. **The Mortgage** Finance Operations segment manages a consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans from third parties and direct-to-consumer mortgage offerings. **The Corporate** Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies and leveraged loans and commercial real estate products to serve companies in the healthcare industry. **Ally Financial** also offers commercial banking products and services, securities brokerage, and investment advisory services. ## Chevron **This integrated** giant is a safer option for investors looking to position themselves in the energy sector and pays a rich 4.39% dividend. Chevron Corporation (NYSE: CVX) engages in integrated energy and chemicals operations worldwide through its subsidiaries. **The company** operates in two segments: - Upstream - Downstream **The Upstream** segment is involved in the following: - Exploration, development, production, and transportation of crude oil and natural gas - Processing, liquefaction, transportation, and regasification associated with liquefied natural gas - Transportation of crude oil through pipelines - Transportation, storage, and marketing of natural gas, as well as operating a gas-to-liquids plant **The Downstream** segment engages in: - Refining crude oil into petroleum product - Marketing crude oil, refined products, and lubricants - Manufacturing and marketing renewable fuels - Transporting crude oil and advanced products by pipeline, marine vessel, motor equipment, and rail car - Manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives **Chevron announced** last fall that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. **Under the** terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The transaction’s total enterprise value, including debt, is $60 billion. ## Citigroup **This is another** top bank, that Warren Buffett bought a massive $2.5 billion worth of stock back in the summer of 2022 , pays a dependable 3.66% dividend and posted strong second quarter results. Citigroup Inc. (NYSE: C) is a leading global diversified financial service company that provides consumers, corporations, and governments with a broad range of financial products and services. **Citigroup** offers: - Consumer banking and credit - Corporate and investment banking - Securities brokerage - Transaction services - Wealth management services **Citi operates** and does business in more than 160 countries/ jurisdictions in North America, Latin America, Asia, Europe/Middle East and Africa (EMEA). **Trading** at a still cheap 8.3 times estimated 2025 earnings; this company looks very reasonable in a volatile stock market in a sector that dramatically lagged. ## Kraft Heinz **Even in bad** times, everybody has to eat, and this company always stands to benefit while paying a tremendous 4.44% dividend. The Kraft Heinz Company (NYSE: KHC) was formed via the merger of H.J. Heinz Company and Kraft Foods Group. **The company** is a leading global food company with estimated annual revenues of $25 billion from well-known brands such as Kraft, Heinz, Oscar Meyer, and Maxwell House. **Kraft Heinz** is North America’s third-largest food and beverage manufacturer, and it derives 76% of its revenues from that market and 24% from International. **The Company’s** additional brands include: - ABC - Capri Sun - Classico - Jell-O - Kool-Aid - Lunchables - Ore-Ida - Oscar Mayer - Philadelphia - Planters - Plasmon - Quero - Weight Watchers - Smart Ones - Velveeta ## **ALERT: Take This Retirement Quiz Now (Sponsored)** Take the quiz below to get matched with a financial advisor today. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Here’s how it works: 1\. Answer SmartAsset advisor match quiz 2\. Review your pre-screened matches at your leisure. Check out the advisors’ profiles. 3\. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future Take the retirement quiz right here. The post Warren Buffett Slashes Apple Holdings – But He’s Keeping These 4 Dividend Stock Gems appeared first on 24/7 Wall St.. ### Related Stocks - [BRK.B.US - Berkshire Hathaway B](https://longbridge.com/en/quote/BRK.B.US.md) - [BRK.A.US - Berkshire Hathaway](https://longbridge.com/en/quote/BRK.A.US.md) - [CVX.US - Chevron](https://longbridge.com/en/quote/CVX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 股神巴菲特再現「神準」操作 亞馬遜急跌前大減倉 再沽蘋果美銀 買入一隻媒體股 | 股神巴菲特在卸任巴郡 CEO 後，繼續調整投資組合。根據 SEC 13F 文件，巴郡大幅減持亞馬遜 770 萬股，持倉減少 77%；同時出售約 5,080 萬股美國銀行和 1,030 萬股蘋果，連續第三季減持蘋果。巴郡首次增持傳統媒體股，購 | [Link](https://longbridge.com/en/news/276191227.md) | | 伯克希爾哈撒韋在第四季度購入了紐約時報的股票。你是否也應該將紐約時報納入你的投資組合中呢？ | 伯克希爾哈撒韋在第四季度購買了紐約時報的股票。你也應該將 NYT 加入你的投資組合嗎？ | [Link](https://longbridge.com/en/news/276265837.md) | | 沃倫·巴菲特的收益曾是市場的兩倍——直到監管改變了遊戲規則 | Chamath Palihapitiya 討論了監管變化，特別是 2000 年的公平披露條例（Reg FD），如何影響沃倫·巴菲特的投資表現。在 Reg FD 之前，由於信息不對稱，巴菲特的回報是市場的兩倍。該法規禁止選擇性披露後，巴菲特的 | [Link](https://longbridge.com/en/news/276003396.md) | | 土耳其表示希臘與雪佛龍在克里特島附近的活動是非法的 | 土耳其譴責希臘在克里特島附近由雪佛龍主導的碳氫化合物勘探活動，稱其為非法並違反國際法。土耳其國防部表示，這些行動違反了與利比亞簽署的 2019 年海洋管轄權諒解備忘錄。儘管這些活動並未直接影響土耳其的大陸架，但被視為侵犯了利比亞的海洋權益。 | [Link](https://longbridge.com/en/news/276316902.md) | | Liberty Media Corporation - Liberty Live Series C（納斯達克代碼：LLYVK）的主要股東伯克希爾哈撒韋公司出售了 59,411 股 | 伯克希爾哈撒韋公司（Berkshire Hathaway Inc.），作為自由媒體公司（Liberty Media Corporation）- 自由直播 C 系列（Liberty Live Series C，NASDAQ:LLYVK）的主要 | [Link](https://longbridge.com/en/news/276179913.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.