**Berkshire Hathaway Buys Back $25 Billion in Stocks**
Berkshire Hathaway, under CEO Greg Abel, has reported significant stock purchases in its latest quarterly earnings. In the second quarter, the company bought back approximately $25 billion in stock while selling $3.7 billion worth, marking its largest quarterly buyback in five years. This brings the total buybacks since mid-2018 to over $82 billion.
**Strategic Investments in Alphabet and Real Estate**
During this quarter, Abel also notably increased Berkshire’s stake in Alphabet, tripling it to become the company’s fifth-largest holding and investing an additional $10 billion in the tech giant. Furthermore, the conglomerate acquired Taylor Morrison Home for $6.8 billion.
**Market Context and Shareholder Value**
Berkshire’s share buybacks are a strategic move as the company does not pay dividends. These actions aim to increase earnings per share and enhance shareholder value by reducing the total outstanding shares. Abel’s aggressive buyback approach signals confidence in the company’s long-term prospects.
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