Buyback
Scorecard
The Most and Least Effective Stock Buyback Programs
Best and Worst Programs
Industry Comparisons
The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent or $1 billion of their shares from June 30, 2011 through June 30, 2013. The companies are ranked according to their return on investment from these repurchases. As calculated by Fortuna Advisors, a New York City-based consultancy that compiled the data for Institutional Investor, buyback ROI measures the overall rate of return of buybacks, based on the internal rate of return of the cash flows associated with them. Buyback strategy tracks the performance of the underlying stock in terms of annualized total shareholder return. Once Fortuna determines buyback ROI and buyback strategy, buyback effectiveness can then be calculated as simply the difference between the two, determined as compounded return.
How the S&P 500 Stack Up as Stock Repurchasers
1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—268
Company Industry Market
Capitalization $ Total
Buyback $ Total
Buyback
/ Market Cap Buyback
Strategy Buyback
Effectiveness Buyback ROI Average $38,681 $2,912 9.3% 13.5% 10.4% 25.0% Median $15,858 $1,350 8.1% 13.5% 9.7% 24.1% 51 Fidelity National Information Services Software and Services $12,557 $984 7.8% 17.5% 18.9% 39.7% 52 The Kroger Co. Food and Staples Retailing $17,900 $2,151 12.0% 20.9% 15.0% 39.0% 53 Amphenol Corp. Technology Hardware and Equipment $12,413 $872 7.0% 20.6% 15.1% 38.7% 54 Starbucks Corp. Consumer Services $49,047 $1,371 2.8% 32.6% 4.4% 38.5% 55 XL Group Insurance $8,784 $1,186 13.5% 18.6% 16.5% 38.1% 56 Boston Scientific Corp. Healthcare Equipment and Services $12,506 $1,293 10.3% 9.6% 25.7% 37.8% 57 The Interpublic Group of Cos. Media $6,233 $813 13.0% 12.3% 22.6% 37.7% 58 Kimco Realty Corp. Real Estate $8,760 $722 8.2% 16.0% 18.6% 37.5% 59 The Travelers Cos. Insurance $30,115 $3,745 12.4% 21.1% 12.7% 36.5% 60 Johnson & Johnson Pharmaceuticals, Biotechnology and Life Sciences $241,171 $25,845 10.7% 18.6% 14.7% 36.0% 61 Kimberly-Clark Corp. Household and Personal Products $37.360 $2,118 5.7% 27.9% 6.3% 35.9% 62 eBay Software and Services $67,122 $2,123 3.2% 31.1% 3.7% 35.9% 63 Viacom Media $33,010 $5,113 15.5% 19.0% 14.2% 35.9% 64 Union Pacific Corp. Transportation $72,015 $3,117 4.3% 25.1% 8.6% 35.8% 65 Honeywell International Capital Goods $62,423 $1,500 2.4% 17.4% 15.0% 35.0% 66 The Hershey Co. Food, Beverage and Tobacco $19,975 $1,008 5.0% 28.6% 4.8% 34.8% 67 Dover Corp. Capital Goods $13,288 $1,247 9.4% 9.7% 22.63% 34.5% 68 Principal Financial Group Insurance $10,989 $684 6.2% 12.6% 19.4% 34.5% 69 Tyson Foods Food, Beverage and Tobacco $9,112 $659 7.2% 16.3% 15.6% 34.4% 70 Fifth Third Bancorp Banks $15,923 $1,314 8.3% 19.2% 12.7% 34.3% 71 Akamai Technologies Software and Services $7,561 $456 6.0% 11.0% 21.0% 34.3% 72 Scripps Networks Interactive Media $9,839 $1,050 10.7% 17.9% 13.9% 34.3% 73 Macy's Retailing $18,415 $2,279 12.4% 34.3% -0.2% 34.0% 74 Aetna Healthcare Equipment and Services $24,034 $3,154 13.1% 20.5% 11.1% 34.0% 75 Pfizer Pharmaceuticals, Biotechnology and Life Sciences $198,681 $12,681 6.4% 23.6% 8.4% 33.9% 76 CVS Caremark Corp. Food and Staples Retailing $70,011 $6,660 9.5% 26.9% 5.4% 33.8% 77 The TJX Cos. Retailing $36,032 $2,622 7.3% 39.6% -4.3% 33.5% 78 MasterCard Software and Services $69,841 $3,202 4.6% 42.7% -6.4% 33.5% 79 Mylan Pharmaceuticals, Biotechnology and Life Sciences $11,875 $1,500 12.6% 12.7% 18.3% 33.3% 80 The Goldman Sachs Group Diversified Financials $72,388 $10,833 15.0% 4.4% 27.6% 33.2% 81 Torchmark Corp. Insurance $6,025 $942 15.6% 21.3% 9.8% 33.1% 82 Symantec Corp. Software and Services $15,660 $1,646 10.5% 11.3% 18.6% 32.0% 83 Medtronic Healthcare Equipment and Services $51.852 $2,967 5.7% 13.6% 15.9% 31.6% 84 AmerisourceBergen Corp. Healthcare Equipment and Services $12,892 $1,356 10.5% 16.8% 12.7% 31.6% 85 Accenture Software and Services $46,403 $4,277 9.2% 21.6% 8.1% 31.4% 86 General Mills Food, Beverage and Tobacco $31,285 $1,385 4.3% 17.2% 11.7% 30.8% 87 American Express Co. Diversified Financials $82,134 $7,644 9.3% 22.6% 6.7% 30.8% 88 Abbott Laboratories Healthcare Equipment and Services $54,373 $3,583 6.6% 25.2% 4.5% 30.8% 89 Dun & Bradstreet Corp. Commercial and Professional Services $3,893 $909 23.4% 10.1% 18.4% 30.4% 90 Omnicom Group Media $16,257 $1,876 11.5% 16.6% 11.4% 29.9% 91 Aon Insurance $19,892 $1,825 9.2% 11.9% 16.1% 29.9% 92 Walgreen Co. Food and Staples Retailing $41,769 $2,393 5.7% 9.4% 18.8% 29.9% 93 The J. M. Smucker Co. Food and Staples Food, Beverage and Tobacco $10,932 $840 7.7% 18.8% 9.3% 29.9% 94 O'Reilly Automotive Retailing $12,441 $2,586 20.8% 34.5% -3.5% 29.8% 95 The Washington Post Co. Media $3,590 $176 4.9% 7.5% 20.7% 29.7% 96 TE Connectivity Technology Hardware and Equipment $18,919 $1,128 6.0% 13.5% 14.2% 29.7% 97 McKesson Corp. Healthcare Equipment and Services $26,162 $2,543 9.7% 17.0% 10.7% 29.5% 98 Amazon.com. Retailing $126,416 $1,237 1.0% 17.9% 9.8% 29.5% 99 Coca-Cola Enterprises Food, Beverage and Tobacco $9,635 $1,774 18.4% 16.3% 11.3% 29.4% 100 Comerica Banks $7,434 $549 7.4% 3.5% 25.0% 29.4% Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2011 to June 2013. Includes the 487 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.