🗞 8 Companies Ramping Up Share Buybacks

Happy Sunday!

This week we’re taking a look at 8 companies that have recently begun accelerating their share repurchases. 📈 

Let’s dive in!

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8 Companies Ramping Up Share Buybacks

When a company has excess cash, it can do 1 of 3 things:

1. Reinvest back into the business

2. Pay out a dividend

3. Repurchase its own shares

Repurchasing shares is simply a way of returning capital to shareholders, as it gives remaining shareholders a bigger claim to the company’s earnings.

These buybacks (when deployed at attractive valuations) can be a powerful driver of shareholder value. And when a management team starts repurchasing an increasing amount of shares, that’s usually a sign that they think their stock is undervalued.

Here are 8 companies that have been ramping up their share buybacks lately:

1. PayPal

• Last 12 Month Share Count Change: -7%

• Current Buyback Yield: 9.1%

2. Adobe

• Last 12 Month Share Count Change: -5.6%

• Current Buyback Yield: 7.4%

3. Fiserv

• Last 12 Month Share Count Change: -5.7%

• Current Buyback Yield: 10.4%

4. HCA Healthcare

• Last 12 Month Share Count Change: -8.9%

• Current Buyback Yield: 8.5%

5. DollarTree

• Last 12 Month Share Count Change: -4.8%

• Current Buyback Yield: 4.8%

6. Medpace Holdings

• Last 12 Month Share Count Change: -9.4%

• Current Buyback Yield: 7.5%

7. MGM Resorts

• Last 12 Month Share Count Change: -10.8%

• Current Buyback Yield: 12.3%

8. Yelp

• Last 12 Month Share Count Change: -5.6%

• Current Buyback Yield: 12.9%