Buffett's company no longer holds Home Depot shares
Warren Buffett, an investor so trusted he is known as the Oracle of Omaha, dumped his company's stake in Atlanta-based Home Depot.
Berkshire Hathaway no longer showed any Home Depot stock in its latest holdings, according to a filing made public Monday with the U.S. Securities and Exchange Commission. The company had held nearly 2.8 million shares as of a June 30 filing, a holding that amounted to less than two tenths of a percent of the outstanding Home Depot stock.
Berkshire Hathaway maintained a .46 percent stake in Home Depot rival Lowe's, with 6.5 million shares.
No reason for the move was given in the filing, which only lists the amount the company holds.
Home Depot spokesman Ron DeFeo said the company would not comment. Home Depot reports its earnings today.
Home Depot's stock closed at $31.39 a share, down 5 cents, or .16 percent. The news of Buffett's move came out after the market closed.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
