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Fourth-Quarter 2014 Corporate Buyback Scorecard; 201–250

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 $1,7447.3%24.5%-4.7%17.2%
201Altera Corp.Semiconductors and Semiconductor Equipment$11,260 9078.16.41.27.7
202Regions Financial Corp.Banks14,536 5964.122.4-12.17.5
203Franklin ResourcesDiversified Financials34,461 1,1663.415.2-6.87.4
204General MillsFood, Beverage and Tobacco32,198 3,280 10.216.8-8.27.2
205Fifth Third BancorpBanks16,789 1,974 11.818.7-9.77.2
206Avery Dennison Corp.Materials4,726 4709.923.9-13.57.1
207Quest Diagnostics Healthcare Equipment and Services9,692 1,169 12.15.31.66.9
208QUALCOMMTechnology Hardware and Equipment123,581 10,573 8.611.4-4.06.9
209Rockwell Automation Capital Goods15,083 9646.422.4-12.76.9
210Pfizer Pharmaceuticals, Biotechnology and Life Sciences196,265 19,967 10.213.7-6.26.6
211The Estée Lauder Cos. Household and Personal Products28,927 1,207 4.212.2-5.06.6
212McCormick & Co.Food, Beverage and Tobacco9,615 4224.48.6-1.96.5
213United Technologies Corp.Capital Goods104,841 2,700 2.619.9-11.26.4
214Harley-DavidsonAutomobiles and Components14,122 1,095 7.820.2-11.76.2
215Johnson Controls Automobiles and Components32,271 2,0746.433.5-20.46.2
216Caterpillar Capital Goods55,412 6,238 11.39.5-3.16.1
217American International GroupInsurance78,191 5,499 7.026.2-16.06.0
218Starwood Hotels & Resorts Worldwide Consumer Services14,477 1,95213.524.4-14.95.9
219Ralph Lauren Corp.Consumer Durables and Apparel16,239 9906.16.6-0.85.8
220Monsanto Co.Materials57,776 8,446 14.615.7-8.75.7
221Baxter International Healthcare Equipment and Services39,722 1,030 2.68.6-2.75.6
222The J. M. Smucker Co.Food, Beverage and Tobacco10,281 7136.911.1-5.05.5
223Schlumberger LimitedEnergy109,905 5,766 5.215.8-8.95.5
224Motorola SolutionsTechnology Hardware and Equipment15,909 3,690 23.211.9-5.95.4
225Praxair Materials37,750 1,452 3.811.2-5.45.2
226Laboratory Corp. of America HoldingsHealthcare Equipment and Services9,118 1,285 14.18.8-3.55.0
227Scripps Networks InteractiveMedia10,320 1,452 14.113.7-7.84.8
228Kellogg Co.Food, Beverage and Tobacco23,233 1,234 5.311.9-6.64.6
229Expeditors International of Washington Transportation8,611 8139.49.4-4.74.3
230Flowserve Corp.Capital Goods8,155 7058.619.2-12.54.2
231Halliburton Co.Energy33,331 5,156 15.522.5-15.23.8
232The Dow Chemical Co.Materials53,754 4,500 8.431.1-21.23.3
233AT&TTelecommunication Services174,231 14,645 8.44.7-1.43.2
234Target Corp.Retailing48,352 1,461 3.07.1-3.63.2
235Emerson Electric Co.Capital Goods42,732 2,554 6.015.1-10.43.2
236Exxon Mobil Corp.Energy391,482 29,181 7.55.0-2.02.9
237Philip Morris InternationalFood, Beverage and Tobacco126,550 9,797 7.73.0-0.12.9
238Yum! BrandsConsumer Services31,871 1,590 5.04.2-1.52.7
239Deere & Co. Capital Goods30,460 4,771 15.73.5-0.72.7
240The Boeing Co.Capital Goods92,667 7,802 8.434.6-23.82.6
241eBay Software and Services69,722 6,001 8.64.3-3.30.8
242W.W. GraingerCapital Goods17,379 9645.513.0-11.00.6
243Eastman Chemical Co.Materials11,267 6585.817.0-14.40.1
244Pentair Capital Goods12,407 8687.021.5-18.1-0.5
245CBS Corp.Media28,715 5,780 20.124.5-20.1-0.6
246McDonald's Corp.Consumer Services91,189 4,976 5.56.3-7.0-1.1
247GameStop Corp.Retailing3,668 51614.129.2-23.6-1.3
248AFLAC Insurance27,526 2,0237.310.1-10.6-1.6
249CASoftware and Services13,547 6324.716.6-15.8-1.8
250Chevron Corp.Energy212,068 8,906 4.25.5-8.0-2.9
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..