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Wednesday, December 23, 2009

CNBC: Warren Buffett's Berkshire Hathaway Trims Moody's Stake Again

Published: Tuesday, 22 Dec 2009 | 10:43 PM ET

By: Alex Crippen
Executive Producer

Warren Buffett's Berkshire Hathaway continues to trim its stake in Moody's [MCO 27.36 0.20 (+0.74%) ] with another reported sale. This latest reduction, however, is relatively small compared to recent days.

A filing with the SEC tonight (Tuesday) shows that Berkshire sold 87,992 shares on Friday, December 18 for an average price of $26.7682. Total raised by the sale: under $2.4 million.

Berkshire has sold a total of almost 6.3 million Moody's shares on six days so far this month, raising $160.2 million.

It now holds just under 13.5 percent of the credit rating agency's outstanding shares, and remains its biggest shareholder.

Here's the updated table showing all the reported sales this year:

Berkshire's Moody's Sales in 2009
DateShares SoldPrice/ShareTotal Price
July 201,817,000$28.7269$52,196,777
July 213,915,100$26.9188$105,389,794
July 222,254,200$26.6425$60,057,524
September 1366,761$26.8104$9,833,009
September 1421,127$27.5988$11,622,600
September 26,500$26.3246$171,110
October 281,133,027$24.8637$28,171,243
October 2919,600$25.2728$495,347
December 72,004,946$25.0381$50,200,038
December 8704,346$24.8074$17,472,993
December 101,325,374$25.2012$33,401,015
December 112,054,798$26.6675$54,796,326
December 1474,619$26.6644$1,989,671
December 1887,992$26.7682$2,355,387
TOTAL16,185,390$26.45$428,152,834
Source: SEC Filings

Current Berkshire stock prices:

Class A: [BRK.A 98900.00 99.8984 (+0.1%) ]

Class B: [BRK.B 3305.00 6.05 (+0.18%) ]

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