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Warren Buffett's Berkshire Hathaway carried on its selling streak for HP , dumping shares of the printer and PC maker for nine straight days and reducing its stake to 10.2%. The conglomerate sold more than 5.1 million shares for over $132 million on Thursday through Monday, according to a regulatory filing released Monday night. Over the nine straight days of selling, Berkshire has shed 14.5 million shares for almost $381 million. Adding in other days of sales in mid-September, Berkshire has dropped a total of 20.0 million shares for $539.5 million, an average selling price of $26.93. Berkshire still holds 100.9 million shares, valued at $2.6 billion at Monday's close of $25.67.
Persons: Warren, Berkshire Hathaway, hasn't, Buffett, That's Organizations: HP, Berkshire, Vanguard Locations: Berkshire, Omaha
Berkshire Hathaway sold a portion of U.S. Bancorp , a bank stock that the conglomerate has held since late 2007, a regulatory filing with the Securities and Exchange Commission showed. The conglomerate reported owning 52.5 million shares of U.S. Bancorp as of Oct. 31, roughly 3.5% of the bank's outstanding shares, the filing showed. The filing indicates that Berkshire has sold 84.9 million shares, currently valued at $3.8 billion. Buffett first bought 23.3 million shares of U.S. Bancorp in the fourth quarter of 2007 . The conglomerate still owned a sizable stake in Bank of New York Mellon at the end of the second quarter.
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