(BRK.A), (BRK.B)
Berkshire Hathaway has continued its stock buybacks in the first quarter of 2022, reporting that “Approximately $3.2 billion was used to purchase shares of Class A and Class B common stock during the first quarter of 2022. On March 31, 2022, there were 1,470,875 Class A equivalent shares outstanding.”
The buybacks have slowed considerably from 2021’s pace, reflecting Berkshire’s rising share price. In the fourth quarter of 2021, Berkshire repurchased $6.9 billion in combined Class A and Class B common stock.
Berkshire’s $27 billion in buybacks for 2021 was a record for the company.
At the Berkshire Hathaway annual meeting, Buffett revealed that he didn’t repurchase any shares in April 2022.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.