02/17/2025
Dear Elon Christ,
I am so happy to see that all aid to Israel is ceasing and that we are clawing back most of it from the last 10 years.
How about corporate tax cheats and the near $1 trillion in stock buy backs that corporations use to increase their share price (money that could be used to pay workers, increase worker benefits and communities rather than shareholders).
THIS MATERIAL IS DATED:
Top 10 Corporate Stock Repurchasers for Q1 2024
The largest share buybacks in Q1’24 were Apple (AAPL), Alphabet (GOOGL), Meta Platforms (META), NVIDIA (NVDA), and Wells Fargo (WFC).
Apple (AAPL) topped all companies marketwide, as usual, with $23.5B in buybacks in Q1’24. It’s the highest amount for AAPL since Q3’22 when they bought back $25.2B.
Alphabet (GOOGL) repurchased $15.9B in Q1’24, matching the amount it spent in the prior quarter.
Meta Platforms (META) bought back $14.5B, more than double the prior quarter. It’s also the highest dollar value for META since Q4’21.
NVIDIA (NVDA) accelerated its buyback spend to $8.0B in Q1’24, the highest ever for the company. The amount is small in comparison to its market-cap at just 0.4%.
Wells Fargo (WFC) executed its largest buyback in two years by spending $6.0B in Q1’24. WFC bought back more than $6.0B several times before 2020.
Caterpillar (CAT) upped its buyback pace again Q1’24 to $4.5B. It’s the highest volume ever for CAT. This follows $2.8B in Q4’23 which was also a high at the time.
The Cigna Group (CI) spent $4.0B in Q1’24 on buybacks, a two-year high for the firm. Most of the shares were retired through an ASR.
T-Mobile (TMUS) reversed course to increase its buyback pace in Q1’24 to $3.6B. Volume had been declining in the prior two quarters to $2.2B in Q4’23.
UnitedHealth (UNH) repurchased $3.1B in Q1’24, edging its next biggest buyback of $3.0B in Q2’23.
Chevron (CVX) bought back $3.0B in shares during Q1’24, placing it 10th market-wide. The amount is down from $3.4B in Q4’23 and the lowest for CVX in nearly two years
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