Warren Buffett Just Bought More of This Dividend Tech Stock. Should You Buy?
The release of the 13F document by Berkshire Hathaway usually brings a few surprises every quarter. The form, which shows Berkshire's holdings at the end of a given quarter, revealed that Berkshire's largest percentage increase was in its HP (NYSE: HPQ) position.
Buffett and his team increased their position in the tech stock by 16%. Admittedly, HP has hiked its payout yearly since Hewlett Packard Enterprise spun off in 2015. But with the company offering primarily commoditized technology products, is the company a good choice for dividend investors?
Today, HP pays an annual dividend of $1.05 per share. At current prices, that amounts to a dividend yield of around 3.5%, more than double the S 500 average of 1.6%.
Source Fool.com
HP Inc. Stock
€33.60
0.330%
We see a rather positive sentiment for HP Inc. with 13 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 32 € is below the current price of 33.6 € for HP Inc., so the potential is actually -4.75%.
