Warren Buffett Is Selling This High-Yield Dividend Stock. Should You?
Although Warren Buffett hasn't been a huge fan of tech stocks in the past, he has bought several for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) through the years. Apple is by far his biggest holding.
It wasn't all that surprising, therefore, when Buffett first initiated a position in (NYSE: HPQ) in 2022. The company had a business model that the Oracle of Omaha could readily understand. Its stock appeared to be attractively valued. HP even offered a juicy dividend. But whatever appeal this high-yield dividend stock once had for Buffett appears to have faded dramatically.
Back in the first quarter of 2022, Buffett bought 104 million shares of HP for Berkshire's portfolio. In the early part of Q2, he added more than 16 million shares to the conglomerate's stake in HP.
Source Fool.com
HP Inc. Stock
With 12 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -4.86% for HP Inc. as the target price of 32 € is below the current price of 33.64 €.
