We use cookies and similar technologies to improve your experience, serve personalized ads, and analyze traffic. You can manage your preferences or accept/reject all.
Cookie Preferences
EssentialRequired for the site to function. Always active.
AnalyticsHelp us understand how visitors interact with the site.
AdvertisingUsed to deliver personalized ads.
FunctionalEnable enhanced functionality and personalization.
Markets · Investing · Business
Finance
Berkshire's Biggest Repurchase in Nearly Two Years Shrank the Share Count by 0.4%
Warren Buffett's successor has found a stock he's willing to buy: his own company's.
Berkshire Hathaway(NYSE: BRKA)(NYSE: BRKB) spent about $4.5 billion repurchasing its stock in the second quarter, the company said in Saturday's earnings report. It was Berkshire's biggest quarter of buybacks in nearly two years -- and 19 times the $235 million it spent in the first quarter. Measured against the company's roughly $1.12 trillion market value, three months of buying retired about 0.4% of Berkshire.
That market value comes from the 1,431,693 Class A equivalent shares Berkshire reported outstanding on June 30 and Friday's $521.80 close for the Class B shares (each equal to 1/1,500th of an A share).
Capital Daily covers markets, crypto and commodities for Asia & the Middle East — tier-1 desk research, AI-driven analysis, institutional-grade data. Tip our newsroom: [email protected]
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
What moved overnight · what to watch today · pre-positioning notes from our desk. Delivered to your inbox at 6:30 AM Dubai.
No spam. Unsubscribe in one click. We never sell your email.
We use cookies and similar technologies to improve your experience, serve personalized ads, and analyze traffic. You can manage your preferences or accept/reject all.
Cookie Preferences
EssentialRequired for the site to function. Always active.
AnalyticsHelp us understand how visitors interact with the site.
AdvertisingUsed to deliver personalized ads.
FunctionalEnable enhanced functionality and personalization.
