Despite the uncertain macroeconomic backdrop the market faces, some companies have been able to buy back their shares — without relying heavily on debt to finance the purchases. Buybacks are used by companies to return value to shareholders and can boost a stock. In doing so, a company purchases its own stock from shareholders and can then retire said shares, hold or sell them at a later date.
picked companies buying back stock for this list that meet the following criteria: The stock is listed in the S & P 500 Debt is less than half of the company's total capital The companies are performing the largest buybacks as a percentage of market capitalization in the S & P 500 PayPal has the third-highest market cap on this list at $68.6 billion for the latest quarter , trailing only Fiserv , Salesforce and Meta . The payments company's repurchases amount to 1.
mountain Shares of PayPal are under pressure this year with a decline of more than 15%. Fox Corporation , meanwhile, has purchased nearly 8% worth of its market cap, which exceeds $15 billion. The media giant's debt is also low, making up just 40.8% of its capital. mountain Fox Class A stock year to date Marathon Petroleum repurchases come up to 7.8% of the energy company's market cap, while just 45.9% of its capital is tied to debt. Marathon Petroleum shares have struggled this year, losing nearly 8%. MPC YTD mountain Marathon shares are down roughly 8% from the start of 2023. Meta Platforms also made the list. The tech giant has repurchased 3.3% worth of its market cap — which tops $600 billion. On top of that, its debt amounts to just 18.
mountain Meta stock in 2023
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