| 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.. | ||||||||
