Buffett Keeps Dumping More Moody's (BRK-A, MCO)

Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) is still unloading more Moody’s Corp. (NYSE: MCO) stock.  A filing from last night shows that another 87,992 shares were sold at a weighted average price of $26.77 on December 18, 2009.  This is a fraction of what has been sold before and was a mere $2.35 million worth of stock, and Buffett still holds some 31,814,610 shares of the independent ratings agency.

But Buffett is continuing to pare down his position here in Moody’s.  This appears to be the third stock sale of Moody’s this month.  Buffett is still more than a 13% beneficial owner, but we have shown on several occasions how Moody’s is likely being punted 100% by Berkshire Hathaway.

This company is no longer in the same position that it was when Buffett decided to go into it.  Even with a forever time frame, when fundamentals and the future of a company permanently change it is time to review a position.  Buffett is about two-years too late in this action.

JON C. OGG