Berkshire sold 4.6 million shares of HP in recent days and now holds 106 million shares, a 10.7% stake
Berkshire Hathaway sold 4.6 million of HPInc. worth about $118 million in recent days as Berkshire continues to reduce its stake in the maker of printers and personal computers.
Berkshire has been steadily reducing its stake in HP during September. Before the sales, Berkshire owned about 120 million shares of HP. In the past year, Buffett has cut formerly sizable stakes in U.S. Bancorp and Bank of New York Mellon . This means that further Berkshire sales will trigger filings, with Berkshire still owning 10.7% of HP. Berkshire would have to get its holding under 99 million shares of HP, compared with the current 106 million shares, to avoid filings on purchases or sales.
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