|Bid||55.50 x 1400|
|Ask||58.97 x 1200|
|Day's Range||55.83 - 56.42|
|52 Week Range||48.95 - 63.49|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.07|
|Expense Ratio (net)||0.63%|
A number of U.S. companies have announced an increase in share repurchases, bolstering sentiment and exchange traded funds that focus on the share buyback strategy. In December, Facebook Inc., Mastercard Inc., Lowe’s Co s., AbbVie Inc., United Rentals Inc. and Pioneer Natural Resources Co. are among the companies that have revealed bigger or resumed share buybacks this month, the Wall Street Journal reports. S&P 500 companies spent a record amount on buybacks over the third quarter, investing roughly $200 billion back into their own company shares.
With the U.S. stock market dipping into correction territory, Corporate America could step in and buy back their own shares on the cheap, potentially bolstering ETFs that focus on the share buyback strategy. According to Goldman Sachs, the market sell-off is "overdone" and will be partially offset in part by companies returning to share repurchases as fundamentals still underpin values, CNBC reports. "The recent sell-off has priced too sharp of a near-term growth slowdown," David Kostin, Goldman's chief U.S. equity strategist, said in a note to clients.
The recent market correction is a short-term event as the earnings season should support further strength in the equity markets, especially with continued share buybacks bolstering prices. Investors can ...
Corporate America's cash infusion is being used to fuel a surge in share repurchases, bolstering ETFs that cover the buyback theme. Goldman Sachs analysts revealed that for the first time in a decade, buybacks accounted for the largest share of cash spending among S&P 500 companies, reports William Watts for MarketWatch. As more companies look to add value through share repurchases, ETF investors can also capitalize on the potential opportunity through buyback-themed ETF strategies.
Thanks to the Republican tax plan and increasing revenues, investors are seeing a bit more green in their pockets. Momentum in iPhone sales, as well as record services revenues, helped the consumer tech giant realize a big jump in operating cash flows.
U.S. companies have only just begun to repatriate more than $2 trillion cash stored abroad. As Corporate America repatriates their foreign revenue, investors turn to buyback exchange traded funds that ...
The S&P 500 companies repurchased a record $178 billion worth of their own stocks during the first quarter of 2018, per the S&P Dow Jones Indices data. The number accounted for about 94% of companies’ share buyback plan and easily outpaced the previous peak of $172 billion set more than a decade ago, in the third quarter of 2007. The technology sector, accounting for 32.4% of buybacks in the first quarter, is leading the pack with more-than-doubled share repurchases.
S&P 500 companies are on track to return shareholders over $1 trillion for the first time in history, through dividends and buybacks, for this year.
U.S. companies have announced another round of aggressive share repurchases in response to the savings from the recent corporate tax cuts, and investors can also benefit from the plans through a targeted ...