by Pam Martens and Russ Martens, Wall St On Parade:
According to S&P Dow Jones Indices, component companies of the Standard & Poor’s 500 spent $922.7 billion in 2022 buying back their own stock. That was $41 billion more than the S&P 500 companies spent in 2021, which came in at a lofty $881.7 billion.
One of the companies leading the stock buyback parade is Apple. Of the $922.7 billion spent on stock buybacks in 2022 by all companies in the S&P 500, Apple represented 10 percent of that spending with $90.2 billion in buybacks of its own stock.