One of the Oracle of Omaha's favorite stocks to buy is Berkshire Hathaway's new leading provider of dividend income.

Warren Buffett's company Berkshire Hathaway has built one of the largest and most successful stock portfolios in the world. It's now worth more than $300 billion. It's a great endorsement to be in Berkshire's portfolio. But it can also attract some unwanted attention if Buffett and Berkshire start to sell a stock.

Warren Buffett's Berkshire Hathaway has again sold off shares of Bank of America, as the bank's chief executive called him 'a great shareholder.'

Buffett told Fortune he dreamt up the deal while in his bathtub, and following a call with Moynihan bought 700 shares for $7.14. Shares of BofA now trade at $39—an increase of m

Bank of America CEO Brian Moynihan on Tuesday praised Warren Buffett as an investor in the company, but said he has not asked the legendary investor about recent moves that have reduced his Bank of America stake.

As recession fears over the US economy intensify, Berkshire Hathaway’s selldown of its investment in Bank of America could be interpreted as waning confidence in the outlook for the US’s second-biggest bank — and by extension the wider banking sector.

Berkshire Hathaway sold Bank of America stock in nine straight trading sessions to close the month of August and into the start of September, resuming a sell-off that started in July when the bank's stock hit a two-year high.

Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) has sold shares worth $228.7M in Bank of America (NYSE:BAC), the Omaha, Nebraska-based investment conglomerate disclosed in a filing late Tuesday.

Warren Buffett bought his first shares of stock at age 11 back in 1941. Over the next 83 years, the "Oracle of Omaha" has used his value investing prowess to amass a fortune worth about $141 billion,

Warren Buffett is selling Bank of America shares due to headwinds like potential recession and weakening consumer financial health. Read more here.