5 Companies that are Buying Back Their Stock in 2022

4. The Home Depot, Inc. (NYSE:HD)

Stock Buyback Amount: $15,000,000,000

Number of Hedge Fund Holders: 80

The Home Depot, Inc. (NYSE:HD) is a home improvement retailer. The company sells building materials, home improvement products, and decoration-related products, among more.

Sam Hudson at Atlantic Equities holds an Overweight rating on The Home Depot, Inc. (NYSE:HD), as of September 1.

This August, The Home Depot, Inc. (NYSE:HD) announced a $1.9 per share quarterly dividend. The company also authorized a share repurchase program of $15 billion at the same time, consisting of 4.5% of its shares. However, it did not mention how long it would take to deploy the share repurchase program completely.

Our hedge fund data shows 80 hedge funds long The Home Depot, Inc. (NYSE:HD) in the second quarter, with a total stake value of $5.4 billion. In the previous quarter, 75 hedge funds were long the stock, with a total stake value of $5.6 billion.