Buyback
Scorecard
Stock Buybacks Prepare for the Bear Market
Best & Worst Companies
Industry Comparisons
The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2013, through June 30, 2015. 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—284
Company Industry Market
Capitalization $ Total
Buyback $ Total
Buyback
/ Market Cap Buyback
Strategy Buyback
Effectiveness Buyback ROI Average $49,337 $3,692 9.5% 17.8% -3.2% 14.2% Median $22,959 $1,908 7.6% 17.9% -3.7% 14.9% 101 Huntington Bancshares Banks 9,144 501 5.5 25.3 -4.5 19.7 102 Intuitive Surgical Healthcare Equipment and Services 17,858 1,758 9.8 0.8 18.7 19.6 103 JPMorgan Chase & Co. Banks 251,431 8,948 3.6 16.4 2.7 19.6 104 The Goldman Sachs Group Diversified Financials 90,201 10,014 11.1 17.1 2.0 19.4 105 MasterCard Software and Services 106,589 6,277 5.9 29.3 -7.7 19.3 106 PPG Industries Materials 31,187 1,961 6.3 25.8 -5.3 19.2 107 The Hartford Financial Services Group Insurance 17,456 2,400 13.7 22.5 -2.8 19.0 108 3M Co. Capital Goods 97,879 11,450 11.7 24.4 -4.3 19.0 109 VeriSign Software and Services 7,186 1,777 24.7 17.9 0.9 19.0 110 Henry Schein Healthcare Equipment and Services 11,884 562 4.7 22.8 -3.1 19.0 111 Nordstrom Retailing 14,195 1,173 8.3 16.8 1.7 18.8 112 The Clorox Co. Household and Personal Products 13,645 694 5.1 15.5 2.7 18.6 113 Marsh & McLennan Cos. Insurance 30,528 30,528 6.5 24.2 -4.5 18.5 114 BlackRock Diversified Financials 57,808 2,672 4.6 19.5 -0.9 18.4 115 Alliance Data Systems Corp. Software and Services 18,115 986 5.4 32.2 -10.5 18.3 116 Lincoln National Corp. Insurance 14,984 1,150 7.7 32.7 -11.0 18.2 117 The PNC Financial Services Group Banks 49,539 2,197 4.4 19.6 -1.3 18.1 118 Yahoo! Software and Services 36,871 6,284 17.0 30.2 -9.4 18.0 119 Ingersoll-Rand Capital Goods 17,847 2,111 11.8 26.3 -6.7 17.8 120 XL Group Insurance 11,407 1,215 10.6 11.7 5.5 17.8 121 Microsoft Corp. Software and Services 358,189 21,759 6.1 21.3 -3.1 17.6 122 Mondelez International Food, Beverage and Tobacco 66,919 4,533 6.8 15.4 1.7 17.4 123 F5 Networks Technology Hardware and Equipment 8,657 1,157 13.4 26.4 -7.1 17.4 124 Wells Fargo & Co. Banks 289,591 17,518 6.0 23.0 -4.5 17.4 125 Automatic Data Processing Software and Services 37,670 2,016 5.4 22.4 -4.3 17.1 126 The Interpublic Group of Cos. Media 7,957 678 8.5 23.8 -5.5 17.0 127 Quest Diagnostics Healthcare Equipment and Services 10,416 806 7.7 13.7 2.9 16.9 128 American International Group Insurance 82,431 9,242 11.2 18.3 -1.5 16.6 129 Ameriprise Financial Diversified Financials 22,660 3,179 14.0 30.7 -10.9 16.4 130 Navient Corp. Diversified Financials 7,084 1,167 16.5 22.1 -4.8 16.3 131 St. Jude Medical Healthcare Equipment and Services 20,469 1,200 5.9 31.4 -11.7 16.0 132 Archer-Daniels-Midland Co. Food, Beverage and Tobacco 29,914 2,437 8.1 25.6 -7.8 15.8 133 Dun & Bradstreet Corp. Commercial and Professional Services 4,396 290 6.6 19.7 -3.4 15.7 134 Juniper Networks Technology Hardware and Equipment 10,254 3,606 35.2 22.3 -5.5 15.6 135 Laboratory Corp. of America Holdings Healthcare Equipment and Services 12,170 805 6.6 12.0 3.2 15.6 136 Comcast Corp. Media 151,088 8,836 5.8 21.3 -4.9 15.4 137 Oracle Corp. Software and Services 174,744 17,900 10.2 15.8 -0.4 15.3 138 Corning Technology Hardware and Equipment 24,831 4,911 19.8 24.0 -7.0 15.3 139 The Boeing Co. Capital Goods 95,927 12,303 12.8 26.6 -9.0 15.2 140 Waste Management Commercial and Professional Services 21,220 1,139 5.4 15.3 -0.2 15.2 141 Computer Sciences Corp. Software and Services 9,049 1,250 13.8 22.4 -5.9 15.1 142 Republic Services Commercial and Professional Services 13,762 679 4.9 12.4 2.3 15.0 143 Illinois Tool Works Capital Goods 33,750 6,096 18.1 21.8 -5.8 14.8 144 Autodesk Software and Services 11,400 765 6.7 23.9 -7.3 14.8 145 Honeywell International Capital Goods 79,711 1,881 2.4 18.6 -3.5 14.4 146 Pfizer Pharmaceuticals, Biotechnology and Life Sciences 206,467 18,078 8.8 12.4 1.7 14.2 147 KeyCorp. Banks 12,742 789 6.2 22.0 -6.4 14.2 148 The Travelers Cos. Insurance 30,805 6,606 21.4 12.9 0.9 14.0 149 V.F. Corp. Consumer Durables and Apparel 29,638 1,465 4.9 28.4 -11.5 13.6 150 Phillips 66 Energy 43,690 4,333 9.9 15.2 -2.1 12.8 Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2013 to June 2015. Includes the 488 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2015. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion..