MADRID, 15 Sep. (EUROPA PRESS) –
Billionaire Warren Buffett, through his investment vehicle Berkshire Hathaway, has sold 5.5 million shares of the American manufacturer of personal computers and printers Hewlett-Packard (HP) for about 158.5 million dollars (about 149 million of euros).
According to the records sent by Berkshire Hathaway to the US Securities Commission (SEC), the sale of this share package was carried out between September 11 and 13 in different operations and at an average price of between 28, 39 and 29.59 dollars per title (between 26.67 and 27.80 euros, respectively).
After this operation, Warren Buffett’s participation in HP is reduced from 12.24% of the capital to around 11.7%, although he will continue to be the company’s largest shareholder through Berkshire Hathaway, with more than 115 million shares in his possession.
HP shares on the New York Stock Exchange closed this Thursday with a fall of 1.76%, to $27.83 (26.14 euros) after learning that the billionaire had cut his stake in HP.
Buffett became HP’s first shareholder in April 2022 with the purchase of a package of 120.95 million shares through his investment vehicle Berkshire Hathaway, in an operation that was then valued at about $4.2 billion (3,946 million euros at the current exchange rate).
Two weeks ago, HP announced a year-on-year drop in profit in its third fiscal quarter, ended in July, of 31.7%, to 766 million dollars (701.3 million euros).
The turnover of the American company reached 13,196 million dollars (12,081 million euros) from May to July, 9.9% less than in the same period of the previous year.
