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Fourth-Quarter 2014 Corporate Buyback Scorecard; 101–150

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%
101AutoZoneRetailing19,748 2,469 12.523.30.023.3
102Macy'sRetailing22,703 3,472 15.326.7-3.022.9
103BlackRockDiversified Financials59,931 2,610 4.436.5-10.122.7
104Wells Fargo & Co.Banks284,386 14,7705.228.9-4.822.7
105Amphenol Corp.Technology Hardware and Equipment16,652 8645.230.4-6.022.6
106Harris Corp.Technology Hardware and Equipment7,512 77410.323.0-0.422.5
107CarMax Retailing14,043 1,163 8.327.5-4.022.3
108Dun & Bradstreet Corp.Commercial and Professional Services4,344 64514.824.7-1.922.3
109Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences73,598 2,498 3.421.30.622.0
110TE Connectivity Ltd.Technology Hardware and Equipment25,722 1,184 4.634.5-9.322.0
111Wyndham Worldwide Corp.Consumer Services10,571 1,239 11.726.9-3.921.9
112The Interpublic Group of Cos.Media8,687 7578.737.0-11.121.7
113Illinois Tool Works Capital Goods37,021 4,987 13.525.2-2.821.7
114Intuitive SurgicalHealthcare Equipment and Services19,175 2,109 11.0-2.223.921.2
115The Travelers Cos.Insurance35,078 5,793 16.522.0-0.721.2
116MasterCard Software and Services99,330 5,829 5.931.7-8.121.0
117AonInsurance27,040 3,352 12.428.6-5.921.0
118ACE LimitedInsurance38,110 1,716 4.521.2-0.220.9
119The Priceline Group Retailing59,697 1,634 2.734.9-10.420.9
120CenturyLinkTelecommunication Services22,589 2,236 9.98.211.220.3
121Assurant Insurance4,808 60812.737.4-12.520.3
122Corning Technology Hardware and Equipment29,393 4,05013.831.4-8.520.3
123International Paper Co.Materials22,697 1,132 5.023.0-2.220.2
124CF Industries HoldingsMaterials13,555 3,344 24.714.35.220.2
125PepsicoFood, Beverage and Tobacco141,519 8,013 5.720.7-0.420.2
126CH Robinson Worldwide Transportation10,944 984 9.010.78.119.7
127PPG Industries Materials31,722 1,750 5.532.5-9.719.6
128Express Scripts Holding Co.Healthcare Equipment and Services62,140 8,548 13.816.82.319.5
129Abbott LaboratoriesHealthcare Equipment and Services67,791 3,510 5.221.2-1.619.2
130Republic ServicesCommercial and Professional Services14,310 6154.321.5-2.019.1
131Tractor Supply Co.Retailing10,715 4374.126.2-6.118.6
132Hasbro Consumer Durables and Apparel6,911 5638.127.0-6.718.5
133The TJX Cos.Retailing47,245 3,1226.623.1-3.918.4
134Comcast Corp.Media149,266 6,251 4.224.3-4.918.2
135Huntington Bancshares Banks8,568 4595.427.5-7.518.0
136Merck & Co. Pharmaceuticals, Biotechnology and Life Sciences161,901 14,219 8.818.4-0.417.9
137Red HatSoftware and Services12,986 8106.28.88.017.5
138The Goldman Sachs GroupDiversified Financials84,422 11,644 13.826.5-7.117.5
139Agilent Technologies Pharmaceuticals, Biotechnology and Life Sciences13,728 1,027 7.522.5-4.117.5
140United Parcel ServiceTransportation100,634 6,533 6.523.7-5.417.0
141Tenet Healthcare Corp.Healthcare Equipment and Services4,980 4008.038.4-15.816.6
142Ingersoll-Rand Capital Goods16,828 2,588 15.430.2-10.516.5
143Kimberly-Clark Corp.Household and Personal Products43,033 2,898 6.720.4-3.316.4
144Cisco SystemsTechnology Hardware and Equipment142,234 14,654 10.321.1-3.916.4
145Johnson & JohnsonPharmaceuticals, Biotechnology and Life Sciences292,703 10,662 3.626.3-7.916.3
146EMC Corp.Technology Hardware and Equipment60,518 5,984 9.98.96.716.2
147Starbucks Corp.Consumer Services61,398 1,137 1.926.4-8.116.2
148Computer Sciences Corp.Software and Services8,8581,304 14.733.3-12.916.1
149Omnicom Group Media19,227 1,6388.524.8-7.016.0
150JPMorgan Chase & Co.Banks233,906 9,549 4.123.2-6.115.7
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..