The investor's company revealed it was a net seller of stocks, boosted buybacks, grew its cash pile, and was hit by inflation and labor shortages.
The famed investor's company, which owns 5.5% of Apple, has raked in an average of $775 million in dividends from the iPhone maker in past years.
Buffett's Berkshire Hathaway, which spent $31 billion on share repurchases in the year to June 30, would be hit by the proposed tax.
JPMorgan estimates that a record $1 trillion in corporate stock buybacks could be made over the next year.
The investor's company also raised its minimum cash reserve, and several of its businesses staged strong recoveries as the US economy reopened.
Berkshire reduced its stock sales and repurchased fewer shares last quarter, but it appears Buffett is still struggling to find bargains.
The investor's stake has risen to 15.8%, thanks to Berkshire spending around $38 billion on stock buybacks over the past 18 months.
The famed investor's company has already spent about $8 billion on share repurchases this year, after $6.6 billion in buybacks last quarter.
The famed investor's company spent $6.6 billion on share repurchases, significantly less than in the past two quarters.
Stock repurchases hit record highs in March, led by buybacks in tech shares, according to Bank of America research.
The famed investor's company spent a record $25 billion on share repurchases last year, and shows no sign of stopping.
The new forecast sets households up to be the largest source of stock-market demand in 2021, edging out corporations and mutual funds.
The famed investor's company repurchased a record $25 billion of its stock last year, spending five times as much as it did in 2019.
US bank stocks jumped on Monday after the Federal Reserve partially lifted its pause on share buybacks at the firms. The central bank said Friday that banks can resume repurchases in the first quarter of 2021 so long as they don’t exceed the average quarterly profits from their past four […]
Warren Buffett’s Berkshire Hathaway has likely bought back more than $US18 billion of its stock this year. The billionaire investor’s company repurchased about $US16 billion of its shares in the first nine months of 2020, and appears to have bought back another $US2.4 billion in October, based on its shrinking […]
The Federal Reserve extended its limits on stock buybacks and dividends for the nation’s largest banks through the rest of 2020. Firms with more than $US100 billion in total assets will be kept from initiating new repurchase programs and must keep dividends below their second-quarter levels, the central bank announced […]
Corporate share buyback programs are declining at a rapid rate as companies look to build up cash and strengthen their balance sheets amid the coronavirus pandemic. Analyst notes from Bank of America, Goldman Sachs, and JPMorgan point to a significant drop in estimated buybacks for 2020, just when the market […]