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Fourth-Quarter 2014 Corporate Buyback Scorecard; 51–100

Buyback
Scorecard Stock Buybacks Wrestle with an Aging BullBest & Worst CompaniesIndustry Comparisons

The table below ranks the 278 companies in the S&P 500 that bought back at least 4 percent of their shares from December 31, 2013, through December 31, 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—278
Company Industry Market
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
Buyback ROI
 Average $49,204 $3,543 8.7%25.3%-5.6%18.1%
 Median $24,279 $1,744 7.3%24.5%-4.7%17.2%
51Tyson FoodsFood, Beverage and Tobacco16,315 8855.452.0-12.433.2
52KLA-Tencor Corp.Semiconductors and Semiconductor Equipment11,566 6445.635.1-1.732.8
53Seagate TechnologyTechnology Hardware and Equipment21,761 2,25710.453.5-13.632.5
54Biogen IdecPharmaceuticals, Biotechnology and Life Sciences80,163 1,287 1.648.3-11.131.9
55Ball Corp.Materials9,334 8298.924.26.031.6
56FiservSoftware and Services17,314 1,469 8.534.0-1.931.5
57Tesoro Corp.Energy9,386 6857.334.6-2.431.3
58Adobe SystemsSoftware and Services36,258 1,700 4.743.1-8.530.9
59DIRECTVMedia43,544 5,386 12.430.70.130.9
60AutodeskSoftware and Services13,6657965.832.9-2.030.2
61CR Bard Healthcare Equipment and Services12,480 1,398 11.229.01.030.2
62The Sherwin-Williams Co.Materials25,251 2,258 8.926.72.730.1
63Intuit Software and Services26,323 2,243 8.523.15.730.1
64Lincoln National Corp.Insurance14,982 9006.050.0-13.629.6
65The Walt Disney Co.Media159,719 10,873 6.836.1-5.029.3
66Time Warner Media71,623 6,477 9.037.4-5.929.3
67Aetna Healthcare Equipment and Services31,242 2,6598.540.6-8.229.1
68General Growth PropertiesReal Estate24,862 1,1234.518.88.629.0
69MeadWestvaco Corp.Materials7,401 5257.124.73.328.8
70Broadcom Corp.Semiconductors and Semiconductor Equipment25,651 1,1194.413.713.228.8
71Expedia Retailing10,802 8397.822.35.228.7
72The Allstate Corp.Insurance29,465 4,135 14.030.3-1.328.6
73Archer-Daniels-Midland Co.Food, Beverage and Tobacco33,477 1,284 3.838.6-7.228.6
74Medtronic Healthcare Equipment and Services71,068 4,173 5.930.8-1.828.4
75The Home DepotRetailing138,332 15,54611.227.60.227.8
76Time Warner Cable Media42,652 2,768 6.525.81.627.7
77Morgan StanleyDiversified Financials75,947 1,8632.544.3-11.827.3
78Automatic Data ProcessingSoftware and Services40,189 1,428 3.630.02.227.3
79Xerox Corp.Software and Services15,678 1,243 7.943.1-11.127.2
80Leggett & PlattConsumer Durables and Apparel5,864 2464.226.80.327.2
81Texas InstrumentsSemiconductors and Semiconductor Equipment56,475 5,699 10.135.3-6.027.2
82Pall Corp.Capital Goods10,782 5635.224.22.327.0
83NVIDIA Corp.Semiconductors and Semiconductor Equipment10,898 1,70115.628.0-0.926.9
843M Co.Capital Goods104,514 10,864 10.432.7-4.426.9
85Marsh & McLennan Cos.Insurance30,9611,4934.828.9-1.826.5
86The Hartford Financial Services Group Insurance17,988 1,935 10.838.2-9.025.8
87Ross Stores Retailing19,652 1,169 5.922.03.125.8
88Discover Financial ServicesDiversified Financials29,698 2,8609.628.3-2.025.7
89E. I. du Pont de Nemours and Co.Materials66,986 3,0004.528.5-2.425.5
90Cigna Corp.Healthcare Equipment and Services26,919 2,615 9.738.3-9.325.4
91VisaSoftware and Services162,106 9,213 5.730.3-3.925.2
92Zimmer HoldingsHealthcare Equipment and Services19,208 1,120 5.830.0-4.224.5
93Newell Rubbermaid Consumer Durables and Apparel10,326 8828.532.7-6.224.5
94Walgreens Boots AllianceFood and Staples Retailing72,058 1,770 2.541.0-11.724.4
95The Bank of New York Mellon Corp.Diversified Financials45,670 2,6955.929.3-3.824.3
96Fidelity National Information ServicesSoftware and Services17,6498724.933.8-7.224.2
97Nordstrom Retailing15,104 1,125 7.418.24.924.1
98St. Jude Medical Healthcare Equipment and Services18,593 1,309 7.033.8-7.324.0
99Delphi Automotive Automobiles and Components21,531 1,4816.945.9-15.223.7
100L-3 Communications Holdings Capital Goods10,745 1,623 15.129.3-4.423.6
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from December 2013 to December 2014. Includes the 493 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 12/31/2014. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.