Warren Buffett's company bought back $1 billion of its own stock. Here's what it means [CNN]
Berkshire Hathaway Inc. New (BRK.B)
Last berkshire hathaway inc. new earnings: 11/2 07:00 am
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Source: CNN
Why Buffett believes the rich should give their wealth away (CNN) Berkshire Hathaway repurchased nearly $1 billion of its own stock in the third quarter after the company changed a rule that had restricted stock buybacks. The company also saw a huge increase of cash on its balance sheet. Available cash soared to $36.5 billion at the end of September from $25.5 billion at the start of the year. Berkshire also reported a rare stock buyback of $928 million after the board in July removed strict limits that essentially prohibited share repurchases. The last time Berkshire bought its own stock was in December 2012. Stock buybacks have been one factor helping fuel the market run to record highs in 2018. They also lower a company's overall share count, which in turn boosts earnings per share. Read More The move also indicates that Buffett, an investing guru known as the Oracle of Omaha, has not seen many attractive new options at a time of sky-high valuations. Bu
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- BRK.B's page on the SEC website