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.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
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%.