Warren Buffett-Led Berkshire Hathaway Sells Its Entire Procter & Gamble Stake. Should You?
Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) latest 13F filing revealed that the company sold $7 billion in equities in Q3 -- including its entire stake in Procter Gamble (NYSE: PG).
P has a wide moat, a stable business, and generates a ton of cash. Plus, it's a Dividend King with 67 consecutive years of dividend payments. It sounds like the perfect Buffett stock. But apparently it wasn't.
Let's go through some of the reasons why Berkshire may have sold P, but why the company could still be worth buying now.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€646,500
0.230%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
At the moment Berkshire Hathaway Inc. A has reached the predicted target price of 650000 €, with a current price of 646500.0 €.
