#capital return program

Apple on Monday announced that Chief Financial Officer (CFO) Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple’s Vice President of…

Apple expected to show shareholders the money on April 28th

After adding $90 billion to its share repurchasing plan and increasing its dividend 7% last year, Apple is expected to reveal this year’s capital return plans to shareholders in its Q222 earnings report after the bell on Thursday, April 28th. Emily Bary for MarketWatch: Apple typically announces its latest buyback and dividend strategies in conjunction with its March-quarter earnings, and this…

Apple continues to lead buybacks brigade, spending $17.6 billion in Q319

Apple continues to lead, spending $17.6 billion – down from last quarter’s $18.2 billion, yet still the 8th highest expenditure ever.

S&P Dow Jones Indices announced today that preliminary Q3 2019 S&P 500 stock buybacks, or share repurchases, were $175.9 billion – a 6.3% increase over Q2 2019’s $165.5 billion. This was the first increase after two consecutive quarters of declines since the record…

Apple made a record $24 billion in stock buybacks during June quarter

Daniel Eran Dilger for AppleInsider:

Since 2012, Apple has been buying back shares at the extraordinary rate of around $10 billion per quarter. A year ago it picked up the pace to around $20 billion per quarter. After a reprieve in the March quarter, the company has resumed its buyback frenzy with its largest-ever quarterly funding: $24 billion in the June quarter.

But why is Apple buying back…

Apple spends a record $23.8B buying back its own shares — and saves cash in the process

Dion Rabouin for Axios:

Apple again led S&P 500 companies in buybacks, spending a new record $23.8 billion in Q1, more than doubling its spend from the previous quarter, data from S&P Global shows.

Apple has long been a buyback behemoth. The company holds 8 of the 10 all-time records for quarterly buybacks, and has spent more than $75 billion on buybacks over just the past year.

It has spent…

Forget trade worries, Apple stock is a buyback story

Rohit Chhatwal for InvestorPlace:

Apple stock has seen a massive swing in the last four quarters. In the quarter ending June 2018, the price increased from $166 to $187. In the next quarter, there was a further increase in price to $227. Cumulatively, these two quarters showed a price jump of 37%.

One of the key reasons behind this movement could be the amount dedicated to cash buybacks in these…

Loving Apple’s small dividend raise in 2019

”Apple might face a lot of headwinds in the current economy, but the company is perfectly positioned for weaker stock prices,” Stone Fox Capital writes for Seeking Alpha. “The tech giant chose to make a minimal dividend hike this year in order to continue focusing on stock buybacks in a perfect move to highlight the minimal impact of dividends on the total return of the stock.”

Here’s what every major Wall Street analyst had to say about Apple’s earnings

“Apple shares soared after the company on Tuesday reported better-than-expected earnings and revenue for the last quarter,” Michael Bloom reports for CNBC. “Apple’s iPhone sales were slightly less then expected.”

MacDailyNews Take: “Apple’s iPhone sales were slightly less then expected” by analysts, many of whom bought into or used specious reports that erroneously claimed that iPhone…