Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Tryst in Omaha, Nebraska on May 4, 2024.
CNBC
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America rations, bringing its total sales to more than $7 billion since mid-July and reducing its stake to 11%.
The Omaha, Nebraska-based conglomerate peel off a total of 5.8 million BofA shares in separate sales on Friday, Monday and Tuesday for almost $228.7 million at an usual selling price of $39.45 per share, according to a new regulatory filing.
The latest action extended Berkshire’s selling dash to 12 consecutive sessions, matching the 12 consecutive sessions from July 17 to Aug. 1.
Berkshire has sold more than 174.7 million appropriations of the Charlotte, North Carolina-based bank for $7.2 billion, with 858.2 million shares remaining, or 11.1% of servings outstanding. BofA has fallen to the No.3 spot on Berkshire’s list of top holdings, trailing behind Apple and American Express. Previous the selling spree, BofA had long been Berkshire’s second-biggest holding.
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Bank of America