When Warren Buffett’s holding company Berkshire Hathaway spends billions of dollars on an investment, it usually makes headlines.
But there wasn’t too much hype surrounding Berkshire’s $7.6 billion purchase in Q3 — and for a good reason: The company was buying back its own shares.
Buybacks are a common way for companies to return capital to shareholders.
By repurchasing its shares, Berkshire reduced the number of shares outstanding, giving each remaining shareholder a larger stake of the company.
It’s not the first time that Buffett has bought back stock this year. Berkshire repurchased $6.6 billion of its shares in Q1, followed by another $6 billion worth of buybacks in Q2.
But Berkshire isn’t alone. Here’s a look at three other companies that are returning billions of dollars of cash to investors through buybacks…