Apple Inc. AAPL, -1.82% did a decent job with the nearly $20 billion it spent on open-market stock repurchases during the fiscal fourth quarter, as the average price paid was slightly below the average prices for each month and the quarter. In the technology behemoth’s 10-K annual report filed early Friday with the Securities and Exchange Commission, Apple said it repurchased 35.04 million shares from Aug. 29 to Sept. 25 at an average price of $149.81, compared with the volume-weighted average price (VWAP) of $149.959 over the same period, according to a MarketWatch analysis of FactSet data. From Aug. 1 to Aug. 28, Apple bought 42.34 million shares at $147.61, compared with the VWAP of $147.778, and the company bought 59.22 million shares at $143.54 from June 27 to July 31, compared with the VWAP of $143.884. Overall for the quarter, Apple repurchased 136.60 million shares at $146.41, compared with the VWAP of $146.937, for an implied savings of just under $72 million. Apple’s stock was down 3.6% at $147.09 in morning trading after a disappointing earnings report. Apple has repurchased a total of $85.5 billion worth of stock during 2021. The stock has gained 10.9% year to date, while the Dow Jones Industrial Average DJIA, +0.25% has advanced 16.7%.
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