Buffett says American Express, Coke holdings likely ‘untouched’ in 2024

In his annual letter, Berkshire Hathaway’s (BRK.A, BRK.B) Warren Buffett said, During 2023, we did not buy or sell a share of either AMEX (AXP) or Coke (KO) – extending our own Rip Van Winkle slumber that has now lasted well over two decades. Both companies again rewarded our inaction last year by increasing their earnings and dividends. Indeed, our share of AMEX earnings in 2023 considerably exceeded the $1.3 billion cost of our long-ago purchase. Both AM X and Coke will almost certainly increase their dividends in 2024 – about 16% in the case of AMEX – and we will most certainly leave our holdings untouched throughout the year.”