| Buyback Scorecard U.S. Share Buybacks Rebound but Face Sharp Criticism Best & Worst ProgramsIndustry Comparisons |
The table below ranks the 273 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—284 | ||||||||
| Company | Industry | Market Capitalization | $ Total Buyback | $ Total Buyback / Market Cap | Buyback Strategy | Buyback Effectiveness | Buyback ROI | |
| Average | $46,507 | $3,389 | 8.8% | 25.9% | -2.3% | 22.5% | ||
| Median | $21,933 | $1,624 | 7.4% | 25.3% | -2.5% | 21.8% | ||
| 151 | Abbott Laboratories | Healthcare Equipment and Services | 62,539 | 4,440 | 7.1 | 19.2 | 1.1 | 20.5 |
| 152 | CF Industries | Materials | 13,869 | 3,000 | 21.6 | 12.1 | 7.4 | 20.5 |
| 153 | Rockwell Collins | Capital Goods | 10,605 | 700 | 6.6 | 26.0 | -4.6 | 20.1 |
| 154 | Ford Motor Co. | Automobiles and Components | 57,362 | 2,210 | 3.9 | 37.2 | -12.6 | 19.9 |
| 155 | Nordstrom | Retailing | 13,169 | 1,271 | 9.7 | 14.1 | 4.8 | 19.6 |
| 156 | Eli Lilly and Co. | Pharmaceuticals, Biotechnology and Life Sciences | 69,182 | 2,919 | 4.2 | 23.8 | -3.4 | 19.6 |
| 157 | Johnson & Johnson | Pharmaceuticals, Biotechnology and Life Sciences | 300,614 | 7,919 | 2.6 | 27.0 | -5.9 | 19.6 |
| 158 | Omnicom Group | Media | 17,295 | 1,575 | 9.1 | 21.2 | -1.4 | 19.5 |
| 159 | Pepsico | Food, Beverage and Tobacco | 140,267 | 7,099 | 5.1 | 16.3 | 2.2 | 18.9 |
| 160 | CarMax | Retailing | 10,066 | 899 | 8.9 | 33.1 | -10.7 | 18.8 |
| 161 | Visa | Software and Services | 132,514 | 9,633 | 7.3 | 29.2 | -8.0 | 18.8 |
| 162 | Cummins | Capital Goods | 24,113 | 1,011 | 4.2 | 25.0 | -5.0 | 18.7 |
| 163 | Joy Global | Capital Goods | 5,355 | 483 | 9.0 | 6.8 | 10.9 | 18.4 |
| 164 | EMC Corp. | Technology Hardware and Equipment | 59,359 | 4,694 | 7.9 | 6.1 | 11.5 | 18.3 |
| 165 | The Home Depot | Retailing | 123,475 | 14,778 | 12.0 | 27.6 | -7.4 | 18.2 |
| 166 | Oracle Corp. | Software and Services | 169,630 | 19,758 | 11.6 | 15.5 | 2.3 | 18.1 |
| 167 | Twenty-First Century Fox | Media | 74,060 | 6,002 | 8.1 | 30.6 | -9.6 | 18.1 |
| 168 | Scripps Networks Interactive | Media | 10,942 | 1,153 | 10.5 | 18.9 | -1.0 | 17.7 |
| 169 | U.S. Bancorp | Banks | 75,375 | 4,499 | 6.0 | 15.2 | 2.1 | 17.7 |
| 170 | Cisco Systems | Technology Hardware and Equipment | 128,347 | 13,990 | 10.9 | 22.6 | -4.2 | 17.5 |
| 171 | Pentair | Capital Goods | 12,611 | 1,501 | 11.9 | 29.8 | -9.5 | 17.5 |
| 172 | Hasbro | Consumer Durables and Apparel | 7,011 | 525 | 7.5 | 24.1 | -5.4 | 17.4 |
| 173 | Mondelez International | Food, Beverage and Tobacco | 57,767 | 1,813 | 3.1 | 19.8 | -2.0 | 17.4 |
| 174 | General Motors Co. | Automobiles and Components | 51,415 | 7,704 | 15.0 | 29.4 | -9.3 | 17.3 |
| 175 | American International Group | Insurance | 77,080 | 4,000 | 5.2 | 29.6 | -9.5 | 17.2 |
| 176 | Leggett & Platt | Consumer Durables and Apparel | 4,793 | 313 | 6.5 | 26.5 | -7.8 | 16.6 |
| 177 | Stanley Black & Decker | Capital Goods | 13,876 | 916 | 6.6 | 17.6 | -0.9 | 16.6 |
| 178 | State Street Corp. | Diversified Financials | 31,175 | 4,622 | 14.8 | 32.4 | -12.0 | 16.5 |
| 179 | The Goldman Sachs Group | Diversified Financials | 80,877 | 11,918 | 14.7 | 31.2 | -11.3 | 16.4 |
| 180 | The Hartford Financial Services Group | Insurance | 16,680 | 1,745 | 10.5 | 45.3 | -20.0 | 16.3 |
| 181 | ACE Limited | Insurance | 35,205 | 1,294 | 3.7 | 21.9 | -4.8 | 16.1 |
| 182 | JPMorgan Chase & Co. | Banks | 226,551 | 8,039 | 3.5 | 28.7 | -10.0 | 15.8 |
| 183 | Red Hat | Software and Services | 10,546 | 487 | 4.6 | 2.1 | 13.4 | 15.8 |
| 184 | Pall Corp. | Capital Goods | 8,939 | 734 | 8.2 | 22.6 | -5.6 | 15.7 |
| 185 | The Travelers Cos. | Insurance | 31,850 | 5,211 | 16.4 | 22.9 | -5.9 | 15.7 |
| 186 | Fifth Third Bancorp | Banks | 16,701 | 2,019 | 12.1 | 22.1 | -5.3 | 15.6 |
| 187 | QUALCOMM | Technology Hardware and Equipment | 125,316 | 9,159 | 7.3 | 14.7 | 0.6 | 15.4 |
| 188 | Occidental Petroleum Corp. | Energy | 74,961 | 3,405 | 4.5 | 10.3 | 4.4 | 15.1 |
| 189 | CH Robinson Worldwide | Transportation | 9,760 | 1,023 | 10.5 | 10.9 | 3.6 | 14.9 |
| 190 | Marathon Petroleum Corp. | Energy | 23,989 | 4,742 | 19.8 | 34.2 | -14.6 | 14.6 |
| 191 | Kimco Realty Corp. | Real Estate | 9,006 | 603 | 6.7 | 11.8 | 2.1 | 14.1 |
| 192 | The Estée Lauder Cos. | Household and Personal Products | 28,491 | 1,097 | 3.8 | 16.5 | -2.1 | 14.1 |
| 193 | United Parcel Service | Transportation | 89,788 | 6,119 | 6.8 | 18.0 | -3.3 | 14.0 |
| 194 | AutoNation | Retailing | 5,964 | 483 | 8.1 | 16.5 | -2.2 | 14.0 |
| 195 | XL Group | Insurance | 8,807 | 1,354 | 15.4 | 24.4 | -8.5 | 13.8 |
| 196 | The Western Union Co. | Software and Services | 8,498 | 1,200 | 14.1 | 1.9 | 11.6 | 13.8 |
| 197 | International Paper Co. | Materials | 20,386 | 1,403 | 6.9 | 25.2 | -9.3 | 13.6 |
| 198 | Varian Medical Systems | Healthcare Equipment and Services | 8,268 | 1,048 | 12.7 | 19.7 | -5.1 | 13.6 |
| 199 | Franklin Resources | Diversified Financials | 34,147 | 1,113 | 3.3 | 22.2 | -7.1 | 13.5 |
| 200 | Kimberly-Clark Corp. | Household and Personal Products | 40,223 | 2,660 | 6.6 | 17.3 | -3.4 | 13.3 |
| 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. | ||||||||
