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First-Quarter 2015 Corporate Buyback Scorecard; 51–100

Buyback
Scorecard As Stocks Edge Higher, Buyback Programs Get RiskierBest & Worst CompaniesIndustry Comparisons

The table below ranks the 276 companies in the S&P 500 that bought back at least 4 percent of their shares from March 31, 2013, through March 31, 2015. 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—276
Company Industry Market
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
Buyback ROI
 Average $48,969$3,6999.2%20.8%-3.9%16.3%
 Median $24,408 $1,9497.7%20.1%-3.6%16.5%
51The Allstate Corp.Insurance29,637 4,406 14.927.13.331.3
52NIKEConsumer Durables and Apparel86,679 4,725 5.534.2-2.131.3
53Starbucks Corp.Consumer Services71,006 1,105 1.628.62.131.3
54Keurig Green MountainFood, Beverage and Tobacco17,479 2,033 11.664.0-20.031.2
55Ball Corp.Materials9,7137637.924.65.030.8
56Expedia Retailing11,928 767 6.418.710.130.7
57Navient Corp.Diversified Financials8,162 1,068 13.136.1-4.629.8
58Ameriprise FinancialDiversified Financials23,854 3,14813.241.7-8.529.7
59NVIDIA Corp.Semiconductors and Semiconductor Equipment11,505 1,654 14.433.1-2.729.5
60Adobe SystemsSoftware and Services36,990 1,800 4.937.4-5.829.5
61Red HatSoftware and Services13,894 7745.612.914.629.4
62CR Bard Healthcare Equipment and Services12,438 1,47111.831.2-1.529.2
63TE Connectivity Technology Hardware and Equipment29,094 1,116 3.833.6-3.329.2
64FedEx Corp.Transportation46,948 5,873 12.530.7-1.229.2
65Raytheon Co.Capital Goods33,575 1,241 3.742.4-9.329.1
66AutoZoneRetailing21,640 2,310 10.729.7-0.529.1
67Newell Rubbermaid Consumer Durables and Apparel10,490 9218.830.0-0.829.0
68Fidelity National Information ServicesSoftware and Services19,402 9234.834.7-4.228.9
69Intuit Software and Services26,831 2,831 10.622.05.428.6
70Nordstrom Retailing15,293 9796.422.94.728.6
71Visa Software and Services160,619 8,457 5.329.9-1.028.6
723M Co.Capital Goods104,796 10,945 10.430.2-1.228.5
73Valero Energy Corp.Energy32,703 2,016 6.222.25.128.5
74Wyndham Worldwide Corp. Consumer Services10,907 1,258 11.524.62.727.9
75Automatic Data ProcessingSoftware and Services40,692 2,040 5.029.5-1.427.7
76Kohl's Corp.Retailing15,869 1,564 9.925.81.327.4
77Amphenol Corp.Technology Hardware and Equipment18,280 8414.627.5-0.227.3
78Alliance Data Systems Corp.Software and Services18,606 1,0095.435.5-6.1227.2
79Moody's Corp.Diversified Financials20,973 2,38811.439.8-9.127.0
80AutodeskSoftware and Services13,323 7625.723.92.326.8
81Time Warner Media70,129 6,695 9.530.4-3.525.9
82V.F. Corp.Consumer Durables and Apparel32,044 1,465 4.639.6-9.925.7
83Dollar TreeRetailing16,696 1,0446.334.3-6.425.7
84The Interpublic Group of Cos.Media9,121 7328.033.4-5.825.7
85Delphi AutomotiveAutomobiles and Components23,213 1,599 6.938.4-9.325.5
86PPG IndustriesMaterials30,685 1,8105.930.6-4.225.1
87Henry ScheinHealthcare Equipment and Services11,700 6035.126.3-1.124.9
88Time Warner Cable Media42,101 2,1085.029.6-4.224.2
89International Paper Co.Materials23,464 1,220 5.216.96.224.1
90L-3 Communications Holdings Capital Goods10,415 1,601 15.430.7-5.223.9
91Tyson FoodsFood, Beverage and Tobacco15,579 8715.633.5-7.223.9
92Norfolk Southern Corp.Transportation33,618 1,327 3.925.9-1.523.9
93Gilead Sciences Pharmaceuticals, Biotechnology and Life Sciences145,533 8,850 6.155.8-20.523.8
94KLA-Tencor Corp.Semiconductors and Semiconductor Equipment9,482 7447.825.8-1.723.6
95AonInsurance26,938 3,30212.330.0-4.923.6
96The Travelers Cos.Insurance34,750 6,106 17.618.83.923.4
97Macy's Retailing22,1083,49515.829.6-5.023.2
98E. I. du Pont de Nemours and Co.Materials64,748 2,282 3.529.1-4.623.2
99Hewlett-Packard Co.Technology Hardware and Equipment56,635 5,440 9.642.7-13.723.1
100BlackRockDiversified Financials61,067 2,647 4.326.2-2.622.9
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from March 2013 to March 2015. Includes the 492 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 03/31/2015. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.