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First-Quarter 2015 Corporate Buyback Scorecard; 101-150

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%
101DIRECTVMedia42,788 3,7788.829.0-4.722.9
102The Hartford Financial Services GroupInsurance17,604 2,175 12.431.2-6.622.6
103Express Scripts Holding Co.Healthcare Equipment and Services63,237 8,248 13.022.20.322.6
104Loln National Corp.Insurance14,732 1,150 7.838.3-11.422.5
105Illinois Tool Works Capital Goods36,265 6,122 16.926.9-3.522.4
106Cisco SystemsTechnology Hardware and Equipment140,508 14,883 10.619.32.622.4
107Marsh & McLennan Cos. Insurance30,199 1,6755.527.7-4.422.1
108AutoNation Retailing7,306 5507.517.34.022.0
109Abbott Laboratories.Healthcare Equipment and Services69,911 3,931 5.618.72.621.9
110Ingersoll-RandCapital Goods17,927 2,588 14.427.8-5.321.0
111Intuitive SurgicalHealthcare Equipment and Services18,603 1,97810.6-2.223.620.8
112Intel Corp.Semiconductors and Semiconductor Equipment148,095 13,806 9.330.3-7.220.8
113PulteGroupConsumer Durables and Apparel8,144 4825.95.614.420.8
114Harris Corp.Technology Hardware and Equipment8,200 6157.527.6-5.320.7
115Seagate Technology Public Limited Co.Technology Hardware and Equipment17,083 2,861 16.736.6-11.820.5
116The TJX Cos. Retailing47,877 3,239 6.824.4-3.220.4
117MasterCardSoftware and Services99,215 6,010 6.129.7-7.520.0
118The Boeing Co.Capital Goods105,714 10,302 9.739.4-14.119.8
119Republic ServicesCommercial and Professional Services14,320 6344.417.51.919.7
120Dollar General Corp.Retailing22,8711,935 8.523.5-3.119.7
121CH Robinson Worldwide Transportation10,826 9398.712.06.719.5
122Huntington Bancshares Banks8,961 4785.325.0-4.419.5
123Marathon Petroleum Corp.Energy27,951 4,702 16.813.25.519.4
124Dun & Bradstreet Corp.Commercial and Professional Services4,625 52411.326.3-5.619.3
125Morgan StanleyDiversified Financials70,545 2,396 3.428.0-6.819.2
126Wells Fargo & Co.Banks279,920 16,979 6.126.6-5.819.2
127Oracle Corp.Software and Services188,439 18,709 9.912.95.619.2
128Comcast Corp.Media143,332 7,751 5.422.2-2.818.8
129Computer Sciences Corp.Software and Services9,208 1,404 15.221.5-2.218.8
130Hasbro Consumer Durables and Apparel7,861 5677.225.5-5.518.6
131F5 NetworksTechnology Hardware and Equipment8,292 1,057 12.89.97.518.2
132Xerox Corp. Software and Services14,292 1,449 10.132.0-10.617.9
133Honeywell International Capital Goods81,427 2,221 2.722.9-4.317.6
134The Bank of New York Mellon Corp.Diversified Financials44,853 2,843 6.321.2-3.217.3
135ACE LimitedInsurance36,495 1,909 5.217.4-0.416.9
136VeriSignSoftware and Services7,828 1,954 25.017.7-0.616.9
137Varian Medical SystemsHealthcare Equipment and Services9,416 1,055 11.212.53.716.7
138Omnicom Group Media19,239 1,636 8.520.0-2.916.5
139PepsicoFood, Beverage and Tobacco141,743 8,5116.017.5-0.916.4
140Microsoft Corp.Software and Services333,525 18,522 5.629.0-10.016.2
141Bed Bath & Beyond Retailing14,250 3,535 24.813.62.216.1
142Avery Dennison Corp.Materials4,787 4429.219.0-2.516.0
143Laboratory Corp. of AmericaHealthcare Equipment and Services12,647 1,171 9.316.0-0.115.9
144The Western Union Co.Software and Services10,851 8527.918.0-1.915.8
145Merck & Co. Pharmaceuticals, Biotechnology and Life Sciences163,139 14,654 9.021.7-4.915.7
146Quest Diagnostics Healthcare Equipment and Services11,090 1,217 11.014.01.215.4
147AccentureSoftware and Services58,674 5,545 9.513.02.015.3
148Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences10,322 6296.113.71.415.3
149XL GroupInsurance9,443 1,25513.314.70.415.2
150Agilent Technologies Pharmaceuticals, Biotechnology and Life Sciences13,953 1,049 7.515.0-0.214.7
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..