The Berkshire Hathaway of Warren Buffett has pushed its stake in Johnson & Johnson up by almost 73% in the time period between 31st March and 30th June. This rise has added 17.4 million shares worth more than 1 billion dollars and took the share price to 58.01 dollars till the closing of trade of the day.

The stake holdings of Berkshire in Johnson & Johnson have risen up to 61.75 million shares from 23.89 million shares of the first quarter of the year.

In the company’s annual letter to the investors, Mr. Buffett has said the company has seen largest sales in the year 2009 which includes the pay for other non-stock purchases like its acquisition of the railroad of Burlington Northern Santa Fe.

He also said that, he had expected that the stocks would trade with higher values in the near future. The share value of Johnson & Johnson has fallen down in the mid April from 66 dollars to 58-59 dollars in June and Mr. Buffet grabbed the advantage of that price fall and bought the stock.