Warren Buffett Just Sold $1.3 Billion of This Stock
Warren Buffett manages a massive stock portfolio worth about $366 billion for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), but he's been slowly culling his equity positions in 2023. The Oracle of Omaha and his team sold $32.8 billion worth of shares during the first nine months of the year, and spent just $9.1 billion purchasing new shares in that same period.
Buffett's latest sale is Hewlett Packard (NYSE: HPQ). Recent filings with the Securities and Exchange Commission (SEC) reveal that Berkshire Hathaway trimmed its position in the PC and printer maker by nearly half between Oct. 3 and Nov. 30, leaving it with 51.5 million shares. The sale of 46.4 million shares likely generated about $1.3 billion based on HP's average stock price during November. That followed Berkshire's sale of about 23 million shares (generating $619 million) in late September and early October.
The conglomerate still holds a substantial stake in HP, but it wouldn't be a surprise if Buffett continued cutting its position.
Source Fool.com
HP Inc. Aktie
Die HP Inc. Aktie verzeichnet mehrere Buy-Einschätzungen, was auf eine positive Stimmung hindeutet.
Die HP Inc. Aktie hat mit einem aktuellen Kurs von 31.74 € das Kursziel der Community von 32 € getroffen.
