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Buffett's Berkshire Hathaway Takes Stake Worth $4.2 Billion in HP

Reuters2022-04-07

Berkshire Hathaway Inc disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc, the latest in a series of large investments by the conglomerate controlled by billionaire Warren Buffett.

The investment was revealed in filings with the U.S. Securities and Exchange Commission, and was worth about $4.2 billion based on HP's closing stock price of $34.91.

HP shares rose about 7.6% in after-hours trading following the disclosure.

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Comment24

  • PearlynCSY
    ·2022-04-08
    Berkshire Hathaway has accumulated an 11.4% stake worth $4.2 billion in HP Inc. The purchases of HP shares ramp up a recent buying spree by Berkshire Hathaway under CEO Warren Buffett. Berkshire has amassed a nearly 15% stake in Occidental Petroleum worth $7.6 billion and has a deal to buy the insurer Alleghany for $11.6 billion. Warren Buffett certainly live up to his name to be “fearful when others are greedy, and greedy when others are fearful.”
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    • wywy
      Looking forward to long weekend. Hope this week will be positive.
      2022-04-12
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    • PearlynCSY
      Tks all for sharing
      2022-04-08
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    • EvanHolt
      Is there anything worth investing in HP?
      2022-04-08
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  • hohok
    ·2022-04-07
    Like
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  • Quicklearner
    ·2022-04-07
    👍 
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  • Jialatsia
    ·2022-04-07
    Meep
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  • Greg2021
    ·2022-04-07
    Good for HP
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  • Scoop
    ·2022-04-07
    Nice
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    • hohok
      [Miser]
      2022-04-07
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  • mster
    ·2022-04-07
    Old man buying old business. 🤔
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  • MamaLee
    ·2022-04-07
    Ok
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  • Bryan_lyc
    ·2022-04-07
    A
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  • Ztradee
    ·2022-04-07
    Interesting indeed.
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    • MamaLee
      Ok
      2022-04-07
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  • Dbw
    ·2022-04-07
    Like
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    • Dbw
      like
      2022-04-07
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  • NareshwG
    ·2022-04-07
    This is interesting. I wonder who made the decision. 🤔
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  • 慢的老人
    ·2022-04-07
    Buffet buying HP cartridges to print more money [LOL] 
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  • ZhiLing
    ·2022-04-07
    nice
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  • Andy Fong
    ·2022-04-07
    Wow
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  • TKY1978
    ·2022-04-07
    Wow
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  • Tjs
    ·2022-04-07
    Good read
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  • Vivivivvvvvv
    ·2022-04-07
    Nice
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  • Myname
    ·2022-04-07
    Ok
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  • kenjoe
    ·2022-04-07
    Wow. HP lost a lot of its old appeal over last decade and more. Maybe it is time? 
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