How Apple propped up its stock price last quarter
Apple bought 92.5 million of its own shares in fiscal Q4 2018, more than these 34 funds sold.
The company bought and retired 92.5 million of its own shares in fiscal Q4 2018.
That’s more than these 34 funds sold in the same 90-day period.
Click to enlarge. Source: SEC Form 13fs via Whale Wisdom.
All told, 1,526 funds sold 130 million shares last quarter, of which Apple bought 70%.
My take: Talk about making your presence known! Where would Apple be if it weren’t for $19.4 billion in buybacks?
Below: From Apple’s 10-K, via friend-of-blog Daniel Tello.
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Steven M. Peters
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