Berkshire Hathaway Sells 5.5 Million Shares of HP: Warren Buffett’s Investment Company Discloses Sale to SEC

Berkshire Hathaway, an investment firm led by renowned US investor Warren Buffett, has reported the sale of approximately 5.5 million shares of computer giant HP in a document submitted to the US Securities and Exchange Commission (SEC). The sale amounted to around $158 million, reducing Berkshire’s ownership ratio from 12.2% to 11.7%. The firm’s current HP stock holdings are valued at approximately $3.27 billion. The reason for the sale was not disclosed in the documents. Berkshire had acquired $4.2 billion worth of HP stock in April last year, but since then, HP’s stock has fallen by 19%. HP recently lowered its full-year profit forecast due to declining PC sales and weak demand in China. For more detailed information, please refer to the “Related Content” section on the right side of the screen. We strive to uphold the highest journalistic standards according to the Thomson Reuters Trust Principles.

On 13 September, Berkshire Hathaway, an investment company led by famous US investor Warren Buffett (pictured), disclosed in a document submitted to the US Securities and Exchange Commission (SEC) that out of the shares it has in the computer giant HP in the United States, It was announced that about 5.5 million shares were sold. Photograph taken in May 2019 in Omaha, Nebraska (2023 Reuters/Scott Morgan)

[１３日 ロイター] – Berkshire Hathaway (BRKa.N), an investment company led by famous US investor Warren Buffett, disclosed in a document submitted to the US Securities and Exchange Commission (SEC) on the 13th that it owns the computer giant of the United States, HP (HPQ.N). ).) announced that it had sold around 5.5 million shares.

He sold it for about $158 million, and his current HP stock holdings are worth about $3.27 billion. The ownership ratio fell to 11.7% from 12.2% before the sale.

The documents do not mention the reason for the sale.

Berkshire announced in April last year that it had acquired $4.2 billion worth of HP stock. Since then, HP stock has fallen 19%.

On August 29, HP lowered its full-year profit forecast, citing a year-long decline in PC sales and weak demand in China.

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