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Buffett's Berkshire Hathaway Cuts Moody's Stake To 13.5% As Stock Sales Continue

Monday, 14 Dec 2009 | 9:24 PM ET

Warren Buffett's Berkshire Hathaway has cut its stake in Moody's to 13.5 percent after selling another 3.5 million shares of the credit rating agency.

A new filing tonight (Monday) with the SEC lists a series of sales Thursday, Friday, and today at an average price of $26.10. Total raised for the three days: $90,187,012.

Moody's current price:

Last week, Berkshire revealed it had reduced its Moody's stake to just below 15 percent by selling over 2.7 million shares on Monday, December 7 and Tuesday, December 8.

That means Berkshire has sold shares on five of the past six trading days. They are the first sales since late October.

So far in December, Berkshire has sold a total of 6.2 million shares for almost $158 million.

Since the sales began in late July, Berkshire has shed over 16 million shares, raising almost $426 million.

Berkshire's Moody's Sales in 2009

Date Shares Sold Price/Share Total Price
July 20 1,817,000 $28.7269 $52,196,777
July 21 3,915,100 $26.9188 $105,389,794
July 22 2,254,200 $26.6425 $60,057,524
September 1 366,761 $26.8104 $9,833,009
September 1 421,127 $27.5988 $11,622,600
September 2 6,500 $26.3246 $171,110
October 28 1,133,027 $24.8637 $28,171,243
October 29 19,600 $25.2728 $495,347
December 7 2,004,946 $25.0381 $50,200,038
December 8 704,346 $24.8074 $17,472,993
December 10 1,325,374 $25.2012 $33,401,015
December 11 2,054,798 $26.6675 $54,796,326
December 14 74,619 $26.6644 $1,989,671
TOTAL 16,097,398 $26.45 $425,797,447
Source: SEC Filings

Current Berkshire stock prices:

Class A:

Class B:

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