Congresswoman Eleanor Holmes Norton sells some Berkshire Hathaway stock

Congresswoman Eleanor Holmes Norton sells some Berkshire Hathaway stock
Credit: © Reuters.

In recent financial news from Capitol Hill, Eleanor Holmes Norton, the congressional representative from District of Columbia, has made a partial sale of her holdings in Berkshire Hathaway Inc . (NYSE: BRKa ) (NYSE:BRK.B). The transaction took place on April 4, 2024, and was officially reported on April 12, 2024.

The value of the transaction falls within the range of $1,001 to $15,000. The exact amount, however, remains undisclosed as per the norms of congressional trade reports. It is important to note that this trade led to capital gains exceeding $200 for the congresswoman.

The stocks were held in a Merrill Lynch account. This detail provides insight into the investment vehicle used by Norton for this particular transaction. Berkshire Hathaway Inc. is a multinational conglomerate holding company headed by Warren Buffet, known for its consistent performance and stability in the market.

This move by Norton may spark interest among investors who closely monitor the financial activities of influential figures. However, the reason behind this partial sale and its potential implications on Berkshire Hathaway's stock performance remain speculative.

As always, investors are advised to conduct their own research and consult with a financial advisor before making investment decisions. This report serves as a factual account of the transaction and does not provide investment advice.

InvestingPro Insights

Berkshire Hathaway Inc. (NYSE:BRK.B) has been a beacon of stability in the financial markets, and recent activities by political figures such as Eleanor Holmes Norton may pique the interest of savvy investors. With a strong foundation in the Financial Services industry, Berkshire Hathaway is known for its low price volatility, making it a potentially attractive option for those seeking a stable investment.

InvestingPro data shows that Berkshire Hathaway has a robust market capitalization of $867.78 billion, reflecting its significant presence in the market. The company's revenue has seen a notable increase, with a growth of 20.68% in the last twelve months as of Q4 2023. Additionally, the company's gross profit margin stands at an impressive 33.8% for the same period.

Two InvestingPro Tips for Berkshire Hathaway highlight its prominence in the industry and its financial health. The company's liquid assets exceed its short-term obligations, and it has been profitable over the last twelve months. These factors may contribute to the company's appeal to investors seeking a blend of stability and profitability.

For those considering following in the footsteps of congressional representative Norton, it is worth noting that InvestingPro provides even more insights. There are seven additional InvestingPro Tips available for Berkshire Hathaway, which can be accessed at To enrich your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

While the partial sale of Berkshire Hathaway shares by Norton may lead to various interpretations, the company's financial metrics paint a picture of a solid enterprise with a history of profitability and prudent financial management. As with any investment decision, it's important to consider these insights as part of a broader investment strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or


Related Articles