Investing
Buffett Keeps Dumping More Moody's (BRK-A, MCO)
Published:
Last Updated:
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) is still unloading more Moody’s Corp. (NYSE: MCO) stock. A filing from last night shows that another 87,992 shares were sold at a weighted average price of $26.77 on December 18, 2009. This is a fraction of what has been sold before and was a mere $2.35 million worth of stock, and Buffett still holds some 31,814,610 shares of the independent ratings agency.
But Buffett is continuing to pare down his position here in Moody’s. This appears to be the third stock sale of Moody’s this month. Buffett is still more than a 13% beneficial owner, but we have shown on several occasions how Moody’s is likely being punted 100% by Berkshire Hathaway.
This company is no longer in the same position that it was when Buffett decided to go into it. Even with a forever time frame, when fundamentals and the future of a company permanently change it is time to review a position. Buffett is about two-years too late in this action.
JON C. OGG
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.