5 Cheapest Stocks in Warren Buffett’s Portfolio for 2024

2. HP Inc. (NYSE:HPQ)

Berkshire Hathaway’s Latest Investment: $2.63 Billion
Number of Hedge Fund Holders: 44
P/E Ratio: 9.26

HP Inc. (NYSE:HPQ) is one of Buffett’s investment plays in the technology sector. The company provides personal computing and other digital access, devices, imaging, and printing products. While HP Inc. (NYSE:HPQ) is one of the oldest computing companies, it is also one of the cheapest stocks in Warren Buffett’s portfolio for 2024, trading at a price-to-earnings multiple of 9.26.

HP Inc. (NYSE:HPQ) has gained 15% year to date and offers a 3.65% dividend yield. Among the 910 hedge funds monitored by Insider Monkey in the third quarter of 2023, 44 held stakes in HP Inc. (NYSE:HPQ). 

The leading hedge fund shareholder in HP Inc. was Berkshire Hathaway, chaired by Warren Buffett, with a substantial stake valued at $2.63 billion. The hedge fund trimmed its stakes in HP Inc. (NYSE:HPQ) by 16% in Q3 2023.

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