Berkshire Hathaway Buys Back $4.5 Billion of Shares in Q2
Berkshire Hathaway repurchased $4.5 billion of its own stock in the second quarter, its first major buyback since early 2024. The program comes as the company began the quarter with $397.4 billion in cash and Treasuries and CEO Greg Abel looks to put capital to work. The buyback totals less than half of one percent of outstanding shares, reinforcing the view that the stock is undervalued.
Coverage (4)
- Greg Abel explains Berkshire's $37 billion Alphabet stake on CNBC (qz.com)
- Greg Abel explains Berkshire's $37 billion Alphabet stake on CNBC (finance.yahoo.com)
- Greg Abel Just Gave Investors $4.5 Billion Reasons to Take a Closer Look at Berkshire Hathaway (fool.com)
- Greg Abel Just Gave Investors $4.5 Billion Reasons to Take a Closer Look at Berkshire Hathaway (finance.yahoo.com)