| 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 | $3,699 | 9.2% | 20.8% | -3.9% | 16.3% | ||
| Median | $24,408 | $1,949 | 7.7% | 20.1% | -3.6% | 16.5% | ||
| 201 | The Coca-Cola Co. | Food, Beverage and Tobacco | 177,142 | 8,125 | 4.6 | 7.7 | -1.7 | 5.9 |
| 202 | Deere & Co. | Capital Goods | 29,770 | 5,148 | 17.3 | 1.7 | 4.1 | 5.8 |
| 203 | Kellogg Co. | Food, Beverage and Tobacco | 23,491 | 1,475 | 6.3 | 7.5 | -1.7 | 5.7 |
| 204 | The Mosaic Co. | Materials | 16,851 | 2,896 | 17.2 | -8.1 | 14.8 | 5.6 |
| 205 | Capital One Financial Corp. | Diversified Financials | 43,308 | 3,613 | 8.3 | 20.2 | -12.2 | 5.5 |
| 206 | Tenet Healthcare Corp. | Healthcare Equipment and Services | 4,909 | 300 | 6.1 | 8.5 | -3.0 | 5.3 |
| 207 | Parker-Hannifin Corp. | Capital Goods | 16,921 | 1,603 | 9.5 | 16.0 | -9.3 | 5.2 |
| 208 | Twenty-First Century Fox | Media | 71,182 | 8,748 | 12.3 | 18.4 | -11.6 | 4.7 |
| 209 | General Electric Co. | Capital Goods | 249,775 | 10,865 | 4.3 | 8.3 | -3.5 | 4.6 |
| 210 | Starwood Hotels & Resorts Worldwide | Consumer Services | 14,336 | 2,027 | 14.1 | 17.2 | -10.8 | 4.5 |
| 211 | Unum Group | Insurance | 8,481 | 632 | 7.5 | 18.6 | -11.9 | 4.4 |
| 212 | American International Group | Insurance | 74,184 | 6,897 | 9.3 | 20.2 | -13.5 | 4.0 |
| 213 | LyondellBasell Industries | Materials | 41,880 | 7,230 | 17.3 | 20.4 | -13.7 | 3.9 |
| 214 | Tyco International | Commercial and Professional Services | 18,087 | 2,350 | 13.0 | 19.0 | -13.6 | 2.8 |
| 215 | Franklin Resources | Diversified Financials | 31,912 | 1,143 | 3.6 | 7.7 | -4.9 | 2.4 |
| 216 | Prudential Financial | Insurance | 36,475 | 2,641 | 7.2 | 21.5 | -15.8 | 2.3 |
| 217 | The Gap | Retailing | 18,145 | 2,332 | 12.9 | 13.8 | -10.3 | 2.1 |
| 218 | QUALCOMM | Technology Hardware and Equipment | 114,380 | 12,520 | 10.9 | 5.9 | -3.6 | 2.1 |
| 219 | Praxair | Materials | 34,847 | 1,537 | 4.4 | 7.8 | -5.3 | 2.0 |
| 220 | AT&T | Telecommunication Services | 169,459 | 8,734 | 5.2 | 2.8 | -0.8 | 1.9 |
| 221 | Citigroup | Banks | 156,360 | 3,301 | 2.1 | 8.3 | -6.0 | 1.8 |
| 222 | Comerica | Banks | 8,036 | 543 | 6.8 | 15.7 | -12.1 | 1.7 |
| 223 | Citrix Systems | Software and Services | 10,208 | 2,111 | 20.7 | -6.9 | 9.1 | 1.6 |
| 224 | American Express Co. | Diversified Financials | 79,343 | 8,376 | 10.6 | 16.8 | -13.2 | 1.4 |
| 225 | McDonald’s Corp. | Consumer Services | 93,651 | 5,243 | 5.6 | 3.3 | -1.8 | 1.4 |
| 226 | AFLAC | Insurance | 28,062 | 2,477 | 8.8 | 11.7 | -9.4 | 1.2 |
| 227 | Juniper Networks | Technology Hardware and Equipment | 9,190 | 3,110 | 33.8 | 5.8 | -4.4 | 1.2 |
| 228 | CBS Corp. | Media | 30,187 | 5,540 | 18.4 | 17.9 | -14.2 | 1.1 |
| 229 | Regions Financial Corp. | Banks | 12,690 | 698 | 5.5 | 11.6 | -9.5 | 0.9 |
| 230 | Fifth Third Bancorp | Banks | 15,367 | 2,029 | 13.2 | 10.9 | -9.2 | 0.7 |
| 231 | NetApp | Technology Hardware and Equipment | 11,055 | 3,047 | 27.6 | 6.6 | -6.2 | 0.0 |
| 232 | Harley-Davidson | Automobiles and Components | 12,816 | 1,161 | 9.1 | 11.2 | -10.4 | -0.3 |
| 233 | FLIR Systems | Technology Hardware and Equipment | 4,374 | 193 | 4.4 | 13.3 | -12.0 | -0.3 |
| 234 | The Dow Chemical Co. | Materials | 55,274 | 5,000 | 9.0 | 23.4 | -19.3 | -0.5 |
| 235 | Philip Morris International | Food, Beverage and Tobacco | 116,693 | 8,392 | 7.2 | -0.8 | -0.6 | -1.4 |
| 236 | The ADT Corp. | Commercial and Professional Services | 7,106 | 1,989 | 28.0 | -9.6 | 7.8 | -2.6 |
| 237 | Exxon Mobil Corp. | Energy | 356,549 | 25,341 | 7.1 | 2.4 | -5.2 | -2.9 |
| 238 | Teradata Corp. | Software and Services | 6,540 | 1,109 | 17.0 | -16.1 | 15.7 | -2.9 |
| 239 | W.W. Grainger | Capital Goods | 15,835 | 1,044 | 6.6 | 6.0 | -9.2 | -3.8 |
| 240 | Ford Motor Co. | Automobiles and Components | 64,154 | 2,167 | 3.4 | 12.5 | -14.6 | -3.9 |
| 241 | Emerson Electric Co. | Capital Goods | 38,796 | 3,238 | 8.3 | 4.2 | -8.7 | -4.8 |
| 242 | United Rentals | Capital Goods | 8,835 | 1,041 | 11.8 | 31.6 | -28.0 | -5.2 |
| 243 | Schlumberger | Energy | 106,628 | 6,292 | 5.9 | 6.0 | -11.1 | -5.7 |
| 244 | Dover Corp. | Capital Goods | 11,083 | 970 | 8.8 | 11.9 | -15.8 | -5.8 |
| 245 | GameStop Corp. | Retailing | 4,091 | 564 | 13.8 | 27.1 | -26.2 | -6.2 |
| 246 | Scripps Networks Interactive | Media | 9,027 | 1,596 | 17.7 | 9.5 | -14.6 | -6.5 |
| 247 | Halliburton Co. | Energy | 37,284 | 37,284 | 13.7 | 3.6 | -10.4 | -7.2 |
| 248 | Flowserve Corp. | Capital Goods | 7,610 | 629 | 8.3 | 5.5 | -12.3 | -7.5 |
| 249 | Eastman Chemical Co. | Materials | 10,318 | 652 | 6.3 | 2.3 | -10.5 | -8.4 |
| 250 | Chevron Corp. | Energy | 197,381 | 7,879 | 4.0 | -0.7 | -7.7 | -8.4 |
| 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.. | ||||||||
