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Third-Quarter 2014 Corporate Buyback Scorecard; 51–100

Scorecard U.S. Share Buybacks Rebound but Face Sharp CriticismBest & Worst ProgramsIndustry Comparisons

The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from September 30, 2012, through September 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—284
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $46,507$3,3898.8%25.9%-2.3%22.5%
 Median $21,933$1,6247.4%25.3%-2.5%21.8%
51ExpediaRetailing11,144 8227.428.26.236.2
52St. Jude MedicalHealthcare Equipment and Services17,119 2,001 11.732.03.136.1
53Tenet Healthcare Corp.Healthcare Equipment and Services5,8155008.663.3-17.235.2
54Boston Scientific Corp.Healthcare Equipment and Services15,6577254.651.0-10.535.1
55The Interpublic Group of Cos.Media7,720 78810.236.0-0.934.8
56The Dow Chemical Co.Materials62,618 3,407 5.437.0-1.734.8
57TE Connectivity Ltd.Technology Hardware and Equipment22,6281,4226.338.0-2.634.4
58Dover Corp.Capital Goods13,379 1,209 9.038.9-3.334.3
59KLA-Tencor Corp.Semiconductors and Semiconductor Equipment12,987 5714.426.26.234.1
60Schlumberger LimitedEnergy131,835 4,171
61CorningTechnology Hardware and Equipment24,968 4,007 16.034.2-0.333.9
62O'Reilly AutomotiveRetailing15,602 1,932 12.433.3-0.332.9
63Cintas Corp.Commercial and Professional Services8,3855706.829.12.932.9
64Phillips 66Energy45,443 4,2419.346.8-9.532.8
65CVS Health Corp.Food and Staples Retailing92,324 7,106 7.732.70.132.7
66AutodeskSoftware and Services12,5218226.628.73.032.6
67The Bank of New York Mellon Corp.Diversified Financials43,827 2,4355.635.0-1.932.5
68Dr Pepper Snapple GroupFood, Beverage and Tobacco12,5498146.520.99.432.2
69F5 NetworksTechnology Hardware and Equipment8,7978519.78.921.432.2
70Ball Corp.Materials8,759 96911.
71V.F. Corp.Consumer Durables and Apparel28,466 1,0123.632.8-1.131.3
72Walgreens Boots AllianceFood and Staples Retailing56,695 1,320 2.341.1-7.031.2
73Fidelity National Information ServicesSoftware and Services16,069 1,082 6.735.1-3.031.1
74Harris Corp.Technology Hardware and Equipment6,938 77211.
75Discover Financial ServicesDiversified Financials29,742 2,461 8.332.1-0.930.9
76FiservSoftware and Services16,1081,1607.233.1-2.230.1
77NVIDIA Corp.Semiconductors and Semiconductor Equipment9,9981,79718.019.88.630.0
78Amphenol Corp.Technology Hardware and Equipment15,6978765.631.0-0.830.0
79Starwood Hotels & Resorts WorldwideConsumer Services15,853 1,523 9.627.12.229.9
80AmgenPharmaceuticals, Biotechnology and Life Sciences106,6942,0491.929.20.429.7
81Texas InstrumentsSemiconductors and Semiconductor Equipment50,912 5,601 11.033.6-3.129.4
83Navient Corp.Diversified Financials7,428 76610.335.3-4.728.9
84UnitedHealth GroupHealthcare Equipment and Services83,803 6,6848.027.01.328.7
85Broadcom Corp.Semiconductors and Semiconductor Equipment23,8881,0474.48.118.928.6
86Intuit Software and Services25,028 1,903 7.620.26.928.5
87Cigna Corp.Healthcare Equipment and Services23,926 2,382 10.045.6-11.828.4
88Cameron International Corp.Energy13,469 3,096
89Invesco Ltd.Diversified Financials17,042 7654.533.1-3.928.0
90Tyco International Ltd.Commercial and Professional Services19,767 2,133 10.830.4-2.027.8
91Macy'sRetailing20,545 3,406 16.628.6-0.727.7
92Wyndham Worldwide Corp.Consumer Services10,171 1,225
93Flowserve Corp.Capital Goods9,647 8859.235.5-6.027.4
94Wells Fargo & Co.Banks270,78313,146 4.926.30.827.3
95FedEx Corp.Transportation45,730 5,648 12.431.4-3.227.2
96AonInsurance25,4643,352 13.232.9-4.327.2
97Marsh & McLennan Cos.Insurance28,490 1,340 4.727.7-0.427.2
98Unum GroupInsurance8,759 7188.237.4-7.527.1
99FLIR SystemsTechnology Hardware and Equipment4,442 3247.330.8-3.027.0
100Citrix SystemsSoftware and Services11,733 2,083 17.8-
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from September 2012 to September 2014. Includes the 491 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 09/30/2014. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.