Warren Buffett's Berkshire Hathaway Sells $1.8B Stake in Bank of America
ICARO Media Group
Title: Warren Buffett's Berkshire Hathaway Sells $1.8B Stake in Bank of America
In a recent move, billionaire investor Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America (BAC), selling approximately 45.8 million shares with a total value of $1.8 billion. As a result, the conglomerate, based in Omaha, Nebraska, now holds 882.7 million shares in the financial institution.
This news comes as McCarthy Mary Pat, a director of Palo Alto Networks (PANW), sold 10,000 shares at a price of $348.49 each. The sale amounted to a total value of $3.48 million, and as of now, the director holds 31,517 shares in the company.
Additionally, Raul Marcelo Claure, a director of T-Mobile US (TMUS), recently sold 114,588 shares in the company, totaling a value of $22.68 million. The shares were sold in two transactions - 111,882 shares on August 23rd and 2,706 shares on August 26th. Following the sales, the director currently has 1.83 million shares in the telecommunications company.
Meanwhile, PulteGroup's Exec. VP & CFO, Robert O'Shaughnessy, sold 71,007 shares of PulteGroup (PHM) on August 23rd, with a total value of $9.57 million. As a result, the CFO now holds approximately 89,000 shares in the company.
In the healthcare sector, Javier Rodriguez, CEO of DaVita (DVA), recently sold shares worth $6.26 million, reducing his total stake to 897,716 shares after selling 40,119 shares last week.
Gregory McIlwain, EVP-Operations of Energy Transfer (ET), has added 20,000 shares to his portfolio, bringing his total holdings in the company to 591,211 shares. The shares were purchased for a total of $313,600.
Albert Monaco, a director of Weyerhaeuser (WY), purchased 31,500 shares at a price of $31.38, amounting to a value of $990,000. As a result, the director now holds 70,725 shares in the company.
Lastly, Control Empresarial de Capitales S.A. de C.V., a 10% stakeholder in PBF Energy (PBF), acquired 267,000 shares for a total of $8.79 million. This purchase increases the firm's ownership to 18.62 million shares.
In other news, Golub Capital BDC (GBDC) CEO David Golub and Chairman Lawrence Golub each bought 100,000 shares of the company last week, resulting in a total value of $3 million. Following these purchases, each of them now owns 1.898 million shares.
These developments in the market highlight the recent activity of prominent investors and executives, shedding light on their strategies and positions within various industries.