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20 companies are spending billions to boost their stock prices
Full disclosure: I own some of them.
Yahoo Finance
20 companies are spending billions to boost their stock prices
Brian Sozzi · Anchor, Editor-at-Large
Wed, December 22, 2021, 2:34 PM
The biggest companies in the world are using their significant cash piles to pump up their stock prices into year-end.
About 53.8% of third quarter stock buyback activity was fueled by the top 20 companies, according to new data from S&P Dow Jones Indices senior index analyst Howard Silverblatt. The top 20 list (see below) was headlined by a who's who of the rich and powerful in corporate America: Apple, Alphabet, Meta, Oracle and Microsoft.
These five companies alone repurchased a startling $66.7 billion of their stock in the third quarter. Zoom out a bit, and the repurchase activity of these five companies is even more impressive: $211.6 billion in the aggregate.
"Apple continued to be the poster child for buybacks as it again spent the most of any issue, with the Q3 2021 expenditure ranked eighth highest in S&P history," said Silverblatt.
{snip the chart and all the rest}
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
20 companies are spending billions to boost their stock prices
Brian Sozzi · Anchor, Editor-at-Large
Wed, December 22, 2021, 2:34 PM
The biggest companies in the world are using their significant cash piles to pump up their stock prices into year-end.
About 53.8% of third quarter stock buyback activity was fueled by the top 20 companies, according to new data from S&P Dow Jones Indices senior index analyst Howard Silverblatt. The top 20 list (see below) was headlined by a who's who of the rich and powerful in corporate America: Apple, Alphabet, Meta, Oracle and Microsoft.
These five companies alone repurchased a startling $66.7 billion of their stock in the third quarter. Zoom out a bit, and the repurchase activity of these five companies is even more impressive: $211.6 billion in the aggregate.
"Apple continued to be the poster child for buybacks as it again spent the most of any issue, with the Q3 2021 expenditure ranked eighth highest in S&P history," said Silverblatt.
{snip the chart and all the rest}
Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.