Apple spent nearly $ 20 billion on fourth quarter share buybacks at average prices below the VWAP
Apple Inc. AAPL,
did a decent job with the nearly $ 20 billion he spent on open market share buybacks in the fiscal fourth quarter, as the average price paid was slightly lower than the average prices for each month and quarter . In the tech giant’s 10-K annual report filed Friday morning with the Securities and Exchange Commission, Apple said it repurchased 35.04 million shares from August 29 to September 25 at an average price of $ 149.81. , compared to the Volume Weighted Average Price (VWAP) of $ 149.959 over the same period, according to MarketWatch analysis of FactSet data. From August 1 to 28, Apple bought 42.34 million shares at $ 147.61, against a VWAP of $ 147.778, and the company bought 59.22 million shares at $ 143.54 from June 27 to July 31, against a VWAP of $ 143,884. Overall for the quarter, Apple repurchased 136.60 million shares at $ 146.41, against a VWAP of $ 146.937, for an implied saving of just under $ 72 million. Apple stock fell 3.6% to $ 147.09 in morning trading after a disappointing earnings report. Apple repurchased a total of $ 85.5 billion of stock in 2021. The stock has gained 10.9% year-to-date, while the Dow Jones Industrial Average DJIA,
increased by 16.7%.