5 Companies that are Buying Back Their Stock in 2022

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1. Apple Inc. (NASDAQ:AAPL)

Stock Buyback Amount: $90,000,000,000

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) is an information technology company known most for its production of the iPhone. The company is based in Cupertino, California.

Toni Sacconaghi at Bernstein holds a Market Perform rating on Apple Inc. (NASDAQ:AAPL) shares as of September 14. The analyst also holds a $170 price target on the shares.

This April, Apple Inc. (NASDAQ:AAPL) announced a share repurchase program covering 3.5% of the company’s shares. The program is worth $90 billion, and is part of the company’s ongoing share repurchase agreement spanning multiple years.

Apple Inc. (NASDAQ:AAPL) was found in the 13F holdings of 128 hedge funds in the second quarter. Their total stake value was $143 million.

See also Aquamarine Capital’s Top 10 Stock Picks and 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks.

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