5 Warren Buffett Stocks That Are Too Cheap To Ignore

3. HP Inc. (NYSE:HPQ)

Price to Earnings Ratio as of October 17, 2022: 4.4

Number of Hedge Fund Holders: 35

Industry Average P/E: 21.57

HP Inc. (NYSE:HPQ) is an iconic American consumer technology brand that is known for selling a host of products such as laptops and printers. The firm is headquartered in Palo Alto, California.

HP Inc. (NYSE:HPQ) has had the second largest market share in the personal computing market since 2018, with the market share sitting at 13% by the end of this year’s second quarter. The company’s personal systems segment is growing at an average rate of 7.8% over the past five years as well. Extrapolating the personal computing and periphery revenues of the firm with market growth projections results in HP Inc. (NYSE:HPQ) growing its revenue by an average of 5% over the next three years.

As this year’s second quarter ended, Berkshire Hathaway held 104 million HP Inc. (NYSE:HPQ) shares for a $3 billion stake. The company has one of the lowest P/E ratios in the industry, with the latest reading of 4.4 sitting well below the average of 21.57. HP Inc. (NYSE:HPQ) also pays a 25 cent dividend for a 3.9% yield. Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 35 had invested in the firm.

HP Inc. (NYSE:HPQ)’s largest investor after Warren Buffett’s Berkshire Hathaway is Cliff Asness’ AQR Capital Management which owns 2.9 million shares that are worth $97 million.