NEW YORK (Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has sold another large piece of its stake in IBM Corp (IBM.N), backing further away from an investment that the billionaire has admitted was not one of his best. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File PhotoBerkshire reduced its IBM stake 32 percent in the third quarter to about 37 million shares from 54.1 million shares, according to a quarterly regulatory filing on Tuesday detailing Berkshire’s U.S.-listed stock holdings. It had by the end of September reduced its IBM stake by 54 percent since the end of 2016, when it owned roughly 81 million shares. IBM’s full name is International Business Machines Corp.
This story has not been edited by Firstpost staff and is generated by auto-feed.
Published Date: Nov 15, 2017 04:00 am | Updated Date: Nov 15, 2017 04:00 am