Investors soon won’t be able to follow Warren Buffett’s every move in HP stock if the billionaire’s company keeps selling off shares of the printer and computer maker.
The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.FILE - Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview, May 7, 2018, in Omaha, Neb.
The Securities and Exchange Commission requires investors who own less than 10% of a company to report their company holdings only on a quarterly basis rather than big investors who must disclose their actions closer to the time of a so-called “triggering” event, which can mean buying or selling shares.Warren Buffett gives $27 million in Berkshire Hathaway stock to an unnamed charityNot that long ago, Berkshire owned more than 12% of HP’s stock before it started to trim its stake last month.
Buffett may be doing more than just trimming the investment, but he doesn’t comment on stock sales like this any more than what he’s required to disclose because he doesn’t want to tip his hand while Berkshire might still be selling. He didn’t immediately respond to questions Tuesday on these latest sales.early last year. Even after the latest sales, Buffett’s Omaha, Nebraska-based conglomerate still held more than 100.9 million shares.
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