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Warren Buffett Resumes Sales of Moody's After Stock Price Rebounds

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Warren Buffett's Berkshire Hathaway has resumed sales of Moody's shares as the credit rating agency's stock price tops $25.

That's a rebound from June lows that took the stock under $19.

Berkshire has been unloading slices of its Moody's position since last summer, but hasn't revealed any sales since March, when the stock was above $30.

According to an SEC filing, a total of 1,350,550 shares were sold for $33.98 million over three trading days ending yesterday (Tuesday). Average selling price: $25.16.

That brings Berkshire's stake in Moody's down to 12.56 percent from 13 percent in March. It had a 20 percent stake before beginning sales in July, 2009.

Even after all the sales, however, Berkshire is still Moody's largest shareholder. But with 29.4 million shares, Berkshire's stake is just 2.6 million shares more than the 26.8 million shares held by Capital Research Global Investors as of the end of June.

Berkshire's Moody's Sales in 2009-2010

Date
Shares Sold
Price/Share
Total Price
July 20, 2009 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
December 18 87,992 $26.7682 $2,355,387
Feb 2, 2010 6,201 $28.4566 $176,459
March 18 678,962 $29.98 $20,355,281
March 19 136,943 $29.8125 $4,082,613
March 23 148,054 $30.2195 $4,474,118
March 24 57,574 $30.3661 $1,748,298
March 26 3,000 $30.558 $91,674
September 10 607,850 $25.1006 $15,257,400
September 13 252,270 $25.22 $6,362,249
September 14 490,000 $25.193 $12,344,570
TOTAL 18,566,674 $26.56 $493,056,341
Source: SEC Filings

Current Berkshire stock prices:

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Class A:

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