Warren Buffett's Berkshire Hathaway Sells More Moody's (MCO)
Warren Buffett's Berkshire Hathaway just recently sold shares of Moody's (MCO). Per a Form 4 filed with the SEC, we see that Berkshire sold 1,350,550 total shares at prices ranging from $25.1006 to $25.193 on September 10th, 13th, and 14th. After their sales, Berkshire was left holding 29,433,326 shares of MCO.
Buffett's company has sold Moody's shares numerous times this year. And as we've previously pointed out, it seems that Buffett and company are keen to sell MCO shares anytime they reach $25 per share or higher. In terms of other portfolio activity from the Oracle of Omaha, we saw in July that Buffett bought more Tesco. To view a complete summary of Buffett's latest investments as well as the portfolios of prominent hedge fund managers, head to our brand new publication: hedge fund wisdom by market folly.
Taken from Google Finance, Moody's is "a provider of credit ratings; credit and economic related research, data and analytical tools; risk management software, and quantitative credit risk measures, credit portfolio management solutions and training services."