Warren Buffett's Berkshire Hathaway Sells Some Moody's Shares ~ market folly

Thursday, May 2, 2013

Warren Buffett's Berkshire Hathaway Sells Some Moody's Shares

It's been a while since Warren Buffett's Berkshire Hathaway has filed a Form 4 with the SEC on a stock other than Davita (DVA).  And while they've been buying DVA shares, today we see that Berkshire has been selling Moody's (MCO) shares.

In a Form 4 with the SEC, Berkshire has disclosed portfolio activity on April 29th, 30th, and May 1st.  All told, Buffett sold 1,746,700 shares with the majority coming at weighted average prices ranging from $59.9348 to $60.7241.

After these sales, Berkshire still owns 26,668,550 shares of MCO, so these transactions are just a drop in the overall bucket.  That said, it's still worth pointing out that Buffett trimmed his MCO stake numerous times in 2010.  What's interesting is that in 2010, MCO shares were trading for half the amount they are now.

It's also worth mentioning that ValueAct Capital's Jeff Ubben presented Moody's as an investment idea late last year at the Invest For Kids Chicago event.

Per 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." 

For more on the Oracle from Omaha, head to new book recommendations from Warren Buffett.

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