Warren Buffett’s Berkshire buys stake in HP for $4.2 bn

Billionaire Warren Buffett-controlled Berkshire Hathaway disclosed on Wednesday that it has purchased nearly 121 million shares of HP Inc.
HP retail store London
The investment was revealed in filings with the U.S. Securities and Exchange Commission, and was worth about $4.2 billion based on HP’s closing stock price of $34.91.

HP announced fiscal 2022 first quarter net revenue of $17.0 billion, up 8.8 percent from the prior-year period.

HP generated revenue of $12.2 billion (+15 percent) from Personal Systems and $4.8 billion (–4 percent) from Printing business during the quarter.