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Fourth-Quarter 2015 Corporate Buyback Scorecard; 51–100

Buyback Scorecard The Risk in No-Risk Stock BuybacksBest & Worst CompaniesIndustry Comparisons

The table below ranks the 299 companies in the S&P 500 that bought back at least 4 percent or more than $1 billion of their shares from December 31, 2013 to December 31, 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—299
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $48,969$3,6999.2%20.8%-3.9%16.3%
 Median $24,408$1,9497.7%20.1%-3.6%16.5%
51Tractor Supply Co.Retailing11,4865995.212.36.519.6
52AnthemHealthcare Equipment and Services36,4044,51512.426.6-5.719.3
53Verisk AnalyticsCommercial and Professional Services13,0267996.17.510.819.2
54The Interpublic Group of Cos.Media9,4605605.918.01.019.1
55Citrix SystemsSoftware and Services11,6372,39720.613.54.218.4
56Republic ServicesCommercial and Professional Services15,2758055.316.81.218.2
57Delphi AutomotiveAutomobiles and Components24,0122,1839.121.9-3.018.2
58Henry ScheinHealthcare Equipment and Services13,1186004.616.61.418.2
59CR BardHealthcare Equipment and Services13,9971,1588.319.9-1.418.2
60Celgene Corp.Pharmaceuticals, Biotechnology and Life Sciences94,0906,2426.620.9-2.318.1
61The Priceline GroupRetailing63,4723,8396.09.08.418.1
62Leggett & PlattConsumer Durables and Apparel5,7193215.626.1-6.517.9
63MasterCardSoftware and Services110,1556,9046.315.61.717.5
64General Dynamics Corp.Capital Goods43,4236,61515.229.2-9.117.5
65The Travelers Cos.Insurance34,3346,55619.115.41.517.1
66Waste ManagementCommercial and Professional Services23,8291,2005.013.82.917.1
67AppleTechnology Hardware and Equipment586,85982,08714.025.4-6.617.1
68Intuitive SurgicalHealthcare Equipment and Services20,4071,1845.815.51.317.0
69Brown-Forman Corp.Food, Beverage and Tobacco20,9051,2245.920.8-3.916.2
70Texas InstrumentsSemiconductors and Semiconductor Equipment55,6005,57210.018.6-2.515.6
71Marathon Petroleum Corp.Energy27,6313,09611.219.1-3.015.6
72Church & Dwight Co.Household and Personal Products11,1308427.617.3-1.615.5
73Motorola SolutionsTechnology Hardware and Equipment11,9145,72348.
74Stanley Black & DeckerCapital Goods15,9806714.216.1-0.715.2
75KLA-Tencor Corp.Semiconductors and Semiconductor Equipment10,8159058.415.8-1.014.7
76MedtronicHealthcare Equipment and Services108,1614,4904.217.5-2.414.7
77The TJX Cos.Retailing47,4763,4797.39.64.514.6
78CVS Health Corp.Food and Staples Retailing108,5256,8756.325.2-9.213.7
79XL GroupInsurance11,6661,27110.912.51.013.7
80Fidelity National Information ServicesSoftware and Services19,7798424.317.7-3.413.7
81Kimberly-Clark Corp.Household and Personal Products46,2092,8006.113.2-0.113.1
82Cardinal HealthHealthcare Equipment and Services29,3681,6595.620.0-6.012.8
83Ball Corp.Materials9,9155335.419.3-5.612.7
84Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences10,9906726.112.9-0.212.6
85The Sherwin-Williams Co.Materials24,1692,52410.420.1-6.312.6
86Cisco SystemsTechnology Hardware and Equipment137,84111,4368.315.2-2.412.4
87Coca-Cola EnterprisesFood, Beverage and Tobacco11,1751,52613.712.30.012.4
88AmerisourceBergen Corp.Healthcare Equipment and Services21,3262,71212.722.4-8.412.2
89Phillips 66Energy43,6353,7948.716.7-3.912.2
90Huntington BancsharesBanks8,8115886.714.0-1.712.0
91General Electric Co.Capital Goods273,0773,1151.19.91.812.0
92PepsicoFood, Beverage and Tobacco145,56910,0126.912.8-0.811.9
93The Estée Lauder Cos.Household and Personal Products32,5152,0736.
94General MillsFood, Beverage and Tobacco34,2122,5927.610.90.911.9
95American International GroupInsurance76,65815,59320.311.8-0.111.7
96JPMorgan Chase & Co.Banks243,03410,3764.312.0-0.311.6
97General Motors Co.Automobiles and Components52,8796,79712.9-0.812.611.6
98Kellogg Co.Food, Beverage and Tobacco25,6121,4215.59.81.411.3
99Sysco Corp.Food and Staples Retailing23,1451,5876.913.6-2.111.3
100Expeditors International of WashingtonTransportation8,4071,18114.
* Company has yet to report latest quarter.

Source: Fortuna Advisors Analysis using data from the Capital IQ database.

Financial Data from December 2013 to December 2015. Includes the 485 members of the current S&P 500 that were public for the full period.

Market Capitalization as of: 12/31/2015.

Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.