Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) has sold shares of Moody's (NYSE:MCO) again according to a Form 4 just filed with the SEC. On October 12th and 13th, Berkshire Hathaway sold 370,146 shares of Moody's at prices ranging from $27.40 to $28.00.
After the sales, Berkshire is left with 28,503,610 shares of MCO, still a very sizable position. This is the third subsequent sale of MCO by Buffett's organization and we've pointed out the trend for Berkshire to sell MCO anytime shares trade north of $25. The majority of Berkshire's Moody's position is held by their subsidiary, GEICO.
Taken from 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.