Over the past five and a half years, Berkshire has repurchased nearly $75 billion worth of its stock, eliminating 10% of shares outstanding, one analyst said.
Berkshire Hathaway has reduced a sizable chuck of share count through buybacks in recent years as Warren Buffett views the repurchase program as an effective way to reward long-term shareholders. Over the past five and a half years , the conglomerate has repurchased nearly $75 billion worth of its common stock, eliminating more than 10% of the company's total shares outstanding, according to Greggory Warren, Berkshire analyst at Morningstar.
"If you're repurchasing shares above a rationally calculated intrinsic value, you are harming your shareholders, just as if you issue shares beneath that figure, you are harming your shareholders," Buffett once said in 1996. Hoping for an occasional big opportunity Berkshire spent $2.6 billion in the first quarter of 2024 to buy back its own common stock on the open market, up from $2.2 billion in the fourth quarter of 2023.
Stock Markets Investment Strategy Warren Buffett Business News
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Warren Buffett donates record $5.3B Berkshire shares to these five charitiesBuffett, 93, plans to give away more than 99% of the fortune he built at Berkshire, which he has run since 1965, with his children serving as executors of his will.
Les mer »
Warren Buffett donates record $5.3 billion Berkshire shares to charityWarren Buffett donates record $5.3 billion Berkshire shares to charity
Les mer »
Woman divides opinion after applying full face of makeup during labor: 'Glam up girl'She’s a total 10 — 10 centimeters dilated, that is.
Les mer »
10 Best Comic Book Movies Of The Last 10 YearsAlex Valentino is longtime fan of comics, movies, cartoons and more who uses his production and writing background to inform the internet.
Les mer »
10 LGBTQ+ Books I Loved And 10 I'm Excited For In 2024'I'd describe my favorite kind of book as 'pink glitter in the blood splatters,' and this was a five-star read for me. '
Les mer »
Chapman homers and Giants hit 10 doubles in 10-4 win over DodgersMatt Chapman homered and drove in three runs, and the San Francisco Giants hit a season-high 10 doubles to rout the Los Angeles Dodgers 10-4 in front of a sellout crowd of 40,428 at Oracle Park.
Les mer »