Wells Fargo and Company (WFC): Berkshire Hathaway no longer directly ho...

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Saturday, 09/05/2020 1:08:47 PM

Saturday, September 05, 2020 1:08:47 PM

Berkshire Hathaway no longer directly holds Wells Fargo shares

Sep. 4, 2020 5:07 PM ET|About: Berkshire Hathaway Inc. (BRK.B)|By: Liz Kiesche, SA News Editor
Berkshire Hathaway's (NYSE:BRK.B) (NYSE:BRK.A) discloses that it no longer directly holds any Wells Fargo (NYSE:WFC)shares.

Its CEO Warren Buffett has sole voting power over 1.26M WFC shares and shared voting power over 136.3M shares, or 3.3% of the bank's shares outstanding.

Berkshire's Nebraska Furniture Mart, Fechheimer Brothers, and BH finance units hold 7.73M shares, or 0.2% of WFC common stock outstanding.

The conglomerate controlled by Buffett held a ~5.96% stake in Wells Fargo as of June 30, 2020, according to its 13F filing.

https://seekingalpha.com/news/3611881-berkshire-hathaway-no-longer-directly-holds-wells-fargo-shares?utm_source=otcmarkets&utm_medium=referral