Comcast Reaches $5 Billion Mark for Share Repurchases, Sees to Optimize Shareholder Returns

    Author Jen JiangPosted on Categories Entertainment, ConsumerTags , , , , , , , , , , , , , , , , , , , , , ,
    $5 Billion Mark

    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.

    Featured Image: Depositphotos/© joshuarainey

    Author Jen Jiang
    About the author: Jennifer is a University of Western Ontario graduate with a degree in International Business. She strives to excel as a content creator in the digital sphere, working with clients in the Finance and Tech industry to leverage clickable taglines, images, and articles in driving traffic. When not writing, Jennifer enjoys photography, copywriting, and video production.