Published On: Mon, Sep 1st, 2014

3 Stocks Warren Buffett Sold in 2014

Warren Buffett

Warren Buffett of the legendary Berkshire Hathaway sold several of his holdings. Here are three positions he exited or reduced in 2014.

Buffett sold 24.5% of his position in Liberty Media (LMCA) which now comprises 0.2% of his portfolio at 4 million shares. The company has seen relatively show earnings growth compared to historical standards. Earnings per share was down an astounding 45% compared to last year. Gross profit margin is strong and debt is low, but the company has declined on various metrics.

Warren Buffett reduced his stake in DirecTV (DTV) 32%  to 23. 5 million shares. DirecTV comprises 1.9% of his portfolio. The stock has risen and was performing well, but its cash flow has not been robust.

Phillips 66 (PSX) is a stock holding Buffett reduced by 33.6% to 6.5 million shares. The stock price has grown 42%  and its growth is greater than the industry average of 2.6%.

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