Buffett Stock Portfolio: Warren Buffett’s 5 Recent Buys

2. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 42  

HP Inc. (NYSE:HPQ) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. Berkshire Hathaway bought HP Inc. (NYSE:HPQ) in the first quarter of 2022. At the end of the third quarter of 2022, this holding was worth 104.5 million shares worth $2.6 billion. This makes up 0.87 % portion of its total investment. On November 22, the company posted their earnings for the fourth quarter of 2022, reporting earnings per share of $0.85, beating the analyst’s estimate by $0.01. The company’s revenue was $14.8 billion, beating the analyst’s estimate by $120 million.

On January 9, Bernstein analyst Toni Sacconaghi maintained a Market Perform rating on HP Inc. (NYSE: HPQ) stock and reduced the price target from $30 to $29, noting that the IT hardware industry as a sector is facing structural challenges and advises investors to focus on names that offer appealing valuations, clear earnings visibility, and a proven history of strong execution during a year of ongoing macroeconomic uncertainty.

At the end of the third quarter of 2022, 42 hedge funds in the database of Insider Monkey held stakes worth $2.9 billion in HP Inc. (NYSE:HPQ), compared to 35 in the preceding quarter worth $3.7 billion. 

Among the hedge funds being tracked by Insider Monkey, St. Petersburg, Florida-based investment firm ARK Investment Management is a leading shareholder in HP Inc. (NYSE:HPQ) with 205,534 shares worth more than $5.5 billion.