| Buyback Scorecard CFOs Share Their Stock Buyback Secrets Best and Worst Programs Industry Comparisons |
The table below ranks the 274 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2012, through June 30, 2014. 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—274 | ||||||||
| Company | Industry | Market Capitalization | $ Total Buyback | $ Total Buyback / Market Cap | Buyback Strategy | Buyback Effectiveness | Buyback ROI | |
| Average | $47,210 | $3,341 | 8.5% | 24.7% | 0.0% | 24.5% | ||
| Median | $21,878 | $1,619 | 7.4% | 24.9% | 0.1% | 24.0% | ||
| 201 | JPMorgan Chase & Co. | Banks | 218,048 | 6,550 | 3.0 | 24.6 | -8.1 | 14.5 |
| 202 | Cisco Systems | Technology Hardware and Equipment | 127,299 | 12,946 | 10.2 | 18.4 | -3.5 | 14.3 |
| 203 | The Goldman Sachs Group | Diversified Financials | 74,875 | 11,918 | 15.9 | 26.5 | -9.7 | 14.3 |
| 204 | Apache Corp. | Energy | 38,810 | 2,279 | 5.9 | 2.6 | 11.3 | 14.2 |
| 205 | The TJX Cos. | Retailing | 37,222 | 3,019 | 8.1 | 18.7 | -3.9 | 14.1 |
| 206 | People's United Financial | Banks | 4,543 | 575 | 12.6 | 15.6 | -1.4 | 14.0 |
| 207 | Express Scripts Holding Co. | Healthcare Equipment and Services | 53,638 | 6,715 | 12.5 | 13.7 | 0.1 | 13.7 |
| 208 | Exxon Mobil Corp. | Energy | 432,358 | 33,213 | 7.7 | 13.1 | 0.4 | 13.6 |
| 209 | Monster Beverage Corp. | Food, Beverage and Tobacco | 11,867 | 795 | 6.7 | -0.6 | 14.1 | 13.4 |
| 210 | Sysco Corp. | Food and Staples Retailing | 21,892 | 1,054 | 4.8 | 17.1 | -3.2 | 13.4 |
| 211 | Tesoro Corp. | Energy | 7,587 | 641 | 8.4 | 56.3 | -27.5 | 13.3 |
| 212 | Accenture | Software and Services | 51,030 | 5,142 | 10.1 | 18.2 | -4.2 | 13.2 |
| 213 | CenturyLink | Telecommunication Services | 20,733 | 2,096 | 10.1 | 3.4 | 9.4 | 13.1 |
| 214 | The Boeing Co. | Capital Goods | 92,779 | 5,799 | 6.3 | 37.0 | -17.5 | 13.1 |
| 215 | Yum! Brands | Consumer Services | 35,840 | 1,746 | 4.9 | 7.9 | 4.6 | 12.8 |
| 216 | The Home Depot | Retailing | 110,722 | 13,400 | 12.1 | 27.3 | -11.5 | 12.7 |
| 217 | Deere & Co. | Capital Goods | 32,941 | 3,525 | 10.7 | 11.4 | 1.0 | 12.6 |
| 218 | Airgas | Materials | 8,091 | 600 | 7.4 | 12.5 | 0.1 | 12.6 |
| 219 | Baxter International | Healthcare Equipment and Services | 39,110 | 1,883 | 4.8 | 20.7 | -7.4 | 11.8 |
| 220 | The Chubb Corp. | Insurance | 22,534 | 2,403 | 10.7 | 15.7 | -3.5 | 11.8 |
| 221 | Waters Corp. | Pharmaceuticals, Biotechnology and Life Sciences | 8,855 | 611 | 6.9 | 12.4 | -0.6 | 11.7 |
| 222 | The Procter & Gamble Co. | Household and Personal Products | 212,661 | 11,991 | 5.6 | 16.1 | -4.0 | 11.4 |
| 223 | Newell Rubbermaid | Consumer Durables and Apparel | 8,575 | 686 | 8.0 | 32.1 | -15.9 | 11.2 |
| 224 | Chevron Corp. | Energy | 248,522 | 7,665 | 3.1 | 14.1 | -3.3 | 10.4 |
| 225 | Pfizer | Pharmaceuticals, Biotechnology and Life Sciences | 189,091 | 16,059 | 8.5 | 19.9 | -8.0 | 10.3 |
| 226 | McDonald's Corp. | Consumer Services | 99,573 | 3,953 | 4.0 | 8.0 | 2.2 | 10.3 |
| 227 | Expeditors International of Washington | Transportation | 8,716 | 816 | 9.4 | 4.6 | 5.3 | 10.2 |
| 228 | The J. M. Smucker Co. | Food, Beverage and Tobacco | 10,854 | 879 | 8.1 | 16.5 | -5.6 | 10.1 |
| 229 | Edwards Lifesciences Corp. | Healthcare Equipment and Services | 9,056 | 998 | 11.0 | -2.1 | 12.2 | 9.9 |
| 230 | W.W. Grainger | Capital Goods | 17,400 | 804 | 4.6 | 15.4 | -4.8 | 9.9 |
| 231 | Bank of America Corp. | Banks | 161,626 | 4,895 | 3.0 | 40.5 | -22.0 | 9.6 |
| 232 | EMC Corp. | Technology Hardware and Equipment | 53,926 | 4,434 | 8.2 | 1.0 | 8.3 | 9.3 |
| 233 | CA Technologies | Software and Services | 12,835 | 964 | 7.5 | 10.4 | -1.1 | 9.2 |
| 234 | Kohl's Corp. | Retailing | 10,921 | 1,890 | 17.3 | 9.4 | -0.4 | 9.0 |
| 235 | Patterson Cos. | Healthcare Equipment and Services | 4,106 | 284 | 7.1 | 10.2 | -1.5 | 8.6 |
| 236 | AFLAC | Insurance | 28,270 | 1,443 | 5.1 | 25.0 | -13.6 | 8.0 |
| 237 | The Western Union Co. | Software and Services | 9,345 | 1,182 | 12.6 | -0.1 | 7.4 | 7.4 |
| 238 | The Gap | Retailing | 18,321 | 2,248 | 12.3 | 24.7 | -14.1 | 7.2 |
| 239 | Laboratory Corp. of America | Healthcare Equipment and Services | 8,684 | 1,444 | 16.6 | 7.3 | -0.4 | 6.9 |
| 240 | CarMax | Retailing | 11,363 | 697 | 6.1 | 24.3 | -14.0 | 6.9 |
| 241 | The Coca-Cola Co. | Food, Beverage and Tobacco | 186,180 | 8,734 | 4.7 | 7.0 | -0.3 | 6.7 |
| 242 | Wal-Mart Stores | Food and Staples Retailing | 241,996 | 10,077 | 4.2 | 13.2 | -5.8 | 6.7 |
| 243 | Ross Stores | Retailing | 13,993 | 1,126 | 8.0 | 6.2 | -0.1 | 6.1 |
| 244 | International Paper Co. | Materials | 21,863 | 1,197 | 5.5 | 27.0 | -16.9 | 5.5 |
| 245 | Symantec Corp. | Software and Services | 15,840 | 1,150 | 7.3 | 17.5 | -10.3 | 5.5 |
| 246 | AT&T | Telecommunication Services | 183,536 | 22,553 | 12.3 | 8.7 | -3.1 | 5.3 |
| 247 | Dollar General Corp. | Retailing | 17,398 | 1,792 | 10.3 | 8.7 | -3.7 | 4.6 |
| 248 | Denbury Resources | Energy | 6,423 | 757 | 11.8 | 2.6 | 1.7 | 4.4 |
| 249 | VeriSign | Software and Services | 6,416 | 1,655 | 25.8 | 10.7 | -6.5 | 3.5 |
| 250 | Jabil Circuit | Technology Hardware and Equipment | 4,176 | 246 | 5.9 | -4.1 | 7.4 | 3.0 |
| Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2012 to June 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/01/2014. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion. | ||||||||
