OMAHA, Neb. -- Billionaire Warren Buffett's company has sold another 794,388 shares of Moody's Corp. stock, leaving it with control of 16.6 percent of the credit rating agency.
Berkshire Hathaway Inc. revealed the sales in documents filed with the Securities and Exchange Commission on Thursday.
Earlier this summer, Berkshire sold nearly 8 million shares of Moody's stock.
The latest sales were completed earlier this week at prices ranging between $26.30 and $27.74 per share. As of Wednesday, Berkshire held 39.2 million Moody's shares.
Berkshire has reduced its stake in Moody's considerably since March 31 when it held 48 million shares, just before Moody's cut Berkshire pristine triple-A credit rating.
Berkshire officials do not typically comment on stock transactions, and no one was available Thursday evening.
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