Planning to finish 2017 with a share repurchase worth $5 billion, Comcast (NASDAQ:CMCSA) continues its venture to optimize shareholder returns through huge share buybacks.
Specifically, in 3Q17, the company purchased back $1.7 billion in shares, compared with $1.4 billion in 3Q16. On average, Comcast sustained an average of $1.3 billion in share buybacks every quarter.
Within the first nine months of 2017, Comcast spent a total of $4.2 billion in share repurchases, compared with $4 billion during 2016. The company is expecting to purchase another $800 million in shares to complete its annual quota of $5 billion.
Looking back further. Comcast bought $5 billion worth of shares in 2015, $6.75 in 2016, and $4.25 billion so far in 2017, for an average of $5.3 billion. On average, during these three years. Comcast purchased 92.7 million shares per year.
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