From Yahoo Finance: 2025-05-27 09:35:00

A.P. Moller-Maersk has repurchased almost $600 million of its own shares as part of a $1 billion buyback plan. The first phase began in February and will run until August, limited to a $1 billion market value. Maersk now owns 3.16% of its own share capital.

The company recently revised its full-year global container volume growth from 4% to a 1% contraction due to U.S. tariffs. Buybacks like these increase earnings per share and are tax-efficient for U.S. investors. Institutional investors own 0.02% of Maersk stock, while 99.97% is owned by public companies and individual investors.

Maersk’s buyback program is led by Maersk Mc-Kinney Moller, a descendant of the Maersk family. Her son, Robert Maersk Uggla, is the CEO of the company’s investment firm. The buyback plan aims to increase earnings and benefit shareholders.

Read more: Maersk more than halfway through $1B stock buyback