5 Stocks with the Biggest Buybacks

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1. Apple Inc. (NASDAQ:AAPL)

Q3 2022 Buybacks (Million): $24,736

Number of Hedge Fund Holders: 140

Apple Inc. (NASDAQ:AAPL) ranks #1 on our list of 10 Stocks with the Biggest Buybacks given its Q3 2022 buyback of $24.7 billion. In the past decade, the company has spent $550 billion on share repurchases, which by itself would be more than the current market capitalization of Meta Platforms, Inc. (NASDAQ:META) and multiple S&P 500 companies combined. Since it hasn’t spent money on major acquisitions and its dividend isn’t very substantial relative to its size, Apple Inc. (NASDAQ:AAPL) has returned most of its excess capital through buybacks. If its profits continue to grow, it is likely Apple Inc. (NASDAQ:AAPL) will buy back even more of its stock in the long term.

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