Apple stock traded up more than 1.8 percent Monday to $ 165.26 per share, ahead of its Tuesday afternoon earnings and amid chatter that it could announce
a big stock buyback.
The Icahn group demanded the company sell off certain units and commence
a big stock buyback.
Not exact matches
In an interview, Rendle told Fortune the company is looking for its next
big deal, even as he said VF would focus on building up its online and international businesses to spur growth, and touted a $ 5 billion share
buyback program to boost the
stock.
Amgen, the
biggest independent biotechnology company in the world, said it bought back $ 10.7 billion worth of
stock last quarter — seven times
bigger than its 2017
buyback and an 8.5 percent decrease in its total share count.
Apple's
stock buyback program isn't just
bigger than those of other companies, it's also better at doing what investors want share repurchases to do.
Those so - called
buybacks are good for shareholders, including the senior executives who tend to be
big owners of their companies»
stock.
The three CEOs, over the span of a dozen years, followed a strategy that has become the norm for many
big companies during the past two decades: large
stock buybacks to make use of cash, coupled with acquisitions to lift revenue.
NEW YORK Quirks in the new U.S. tax code are sowing doubts over how much
big banks can boost dividends and
stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.
«I would hope that with their
big advantage of bringing money home at a very low rate that they would invest in infrastructure and things, but our experience has been that they will do dividends, they will do
stock buybacks, and things like that,» she said.
And in terms of what businesses planned to do with any profit returned from abroad, a Bank of America Merrill Lynch survey of more than 300 CEOs found that paying down debt and
stock buybacks were by far and away the
biggest priorities for businesses.
But that's changed in recent decades: Corporations have been
big buyers of their own
stock, and these share
buybacks have roughly offset new issuance.
Personally, I would announce a generalized
buyback without a lot of hoopla; make it boring, this is insurance after all so that should not be hard; get some actuaries to toss in
big words to aid in obfuscation, so few conclude that the company will buy back significant
stock.