$GOOGL $AAPL Top US Companies' Buybacks

IBD/Yahoo headline: Apple, Google Buybacks Top U.S. Companies As Repurchases Fall Nearly 22%

REINHARDT KRAUSE09:35 AM ET 09/21/2022


Apple (AAPL) and Google parent-Alphabet (GOOGL) led all U.S. companies in stock buybacks during the second quarter, though overall repurchases fell nearly 22% from the previous quarter, according to S&P Dow Jones Indices. Meanwhile, Microsoft (MSFT) and Facebook-parent Meta (META) also placed among the top five in stock buybacks.

Overall, S&P 500 buybacks in second quarter were $219.6 billion, down 21.8% from the first quarter’s record $281 billion.


Information technology companies continued to lead the way in buybacks. Buybacks by financial companies fell 61% to $21.2 billion. Health Care buybacks decreased 58% to $17.2 billion.

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Apple repurchased $24.56 billion of its own shares in the second quarter, down about 4% from a year earlier. The iPhone maker has repurchased $91.34 billion of Apple stock in the last 12 months.

Alphabet repurchased $15.19 billion of Google stock during the second quarter, up about 19% from a year earlier. The internet search giant has bought back $54.58 billion in Google stock over the last 12 months.