Here's How Much Stock Berkshire Hathaway Repurchased in the Past Year
Warren Buffett has been very strategic when it comes to issuing or repurchasing Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) stock.
In 2010, for example, Berkshire issued billions of dollars in stock to fund the acquisition of railroad operator BNSF. It remains one of the only times Buffett decided to dilute shareholders. More recently, Berkshire has been buying back its own shares to the tune of billions of dollars each year. At times, the company has repurchased more than $7 billion in stock in a single quarter.
During the past year, Berkshire has repurchased roughly $9 billion of its own stock. There are several reasons the company will likely repurchase even more shares in 2024 and beyond.
Source Fool.com