3 Stocks Billionaire Warren Buffett Bought in Q3 (and 2 He Dumped)

Oracle Corporation (NYSE:ORCL)

Shares Bought During Q3: 41.4 million

Value of Holding (as of September 30): $2.13 billion

Q4 Return (through November 15): -1.80%

Forward P/E Ratio: 14.12

Forward Dividend Yield: 1.50%

In its Q1 investor letter, RiverPark was confident that Oracle Corporation (NYSE:ORCL) would be able to greatly enhance its profitability by transitioning its business to the cloud. Buffett also seems confident that Oracle has big things on the horizon, buying over $2 billion in shares during Q3.

The PNC Financial Services Group, Inc. (NYSE:PNC)

Shares Bought During Q3: 6.09 million

Value of Holding (as of September 30): $829 million

Q4 Return (through November 15): +0.37%

Forward P/E Ratio: 11.85

Forward Dividend Yield: 2.83%

The PNC Financial Services Group, Inc. (NYSE:PNC) was the other bank that Buffett bought in Q3, buying up about 1% of its shares in total through 5 transactions made during Q3.

Stocks Sold in Q3

Sanofi (NYSE:SNY)

Shares Sold During Q3: 3.7 million

Value of Holding (as of September 30): $0

Q4 Return (through November 15): -0.22%

Forward P/E Ratio: 12.92

Forward Dividend Yield: 4.08%

One of 5 Problematic Stocks Francis Chou Dared To Buy, Buffett apparently also felt it had become problematic owning Sanofi at its current price, instead unloading the position that had been held since 2006.

Walmart Inc. (NYSE:WMT)

– Shares Sold During Q3: 1.39 million

– Value of Holding (as of September 30): $0

– Q4 Return (through November 15): +6.00%

– Forward P/E Ratio: 20.96

– Forward Dividend Yield: 1.97%

Buffett unloads his gigantic Walmart Inc. (NYSE:WMT) stake during Q3, cutting ties with a stock that he has called one of his biggest mistakes for not buying sooner than he did. Hopefully, he won’t regret selling it too soon either; shares have gained 6% since the end of Q3.

Disclosure: None