Buyback Scorecard |
The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2013, through June 30, 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 |
||||||||
Company |
Industry |
Market Capitalization |
$ Total Buyback |
$ Total Buyback / Market Cap |
Buyback Strategy |
Buyback Effectiveness |
Buyback ROI |
|
|
Average |
|
$49,337 |
$3,692 |
9.5% |
17.8% |
-3.2% |
14.2% |
|
Median |
|
$22,959 |
$1,908 |
7.6% |
17.9% |
-3.7% |
14.9% |
151 |
Starwood Hotels & Resorts Worldwide |
Consumer Services |
13,857 |
2,124 |
15.3 |
17.8 |
-4.3 |
12.7 |
152 |
The TJX Cos. |
Retailing |
45,021 |
3,345 |
7.4 |
17.4 |
-4.1 |
12.6 |
153 |
General Mills |
Food, Beverage and Tobacco |
33,214 |
2,907 |
8.8 |
10.1 |
2.2 |
12.5 |
154 |
Capital One Financial Corp. |
Diversified Financials |
48,069 |
4,237 |
8.8 |
21.4 |
-7.7 |
12.1 |
155 |
The Priceline Group |
Retailing |
59,684 |
2,197 |
3.7 |
25.0 |
-10.3 |
12.0 |
156 |
State Street Corp. |
Diversified Financials |
31,699 |
3,990 |
12.6 |
13.7 |
-1.7 |
11.7 |
157 |
Pepsico |
Food, Beverage and Tobacco |
137,775 |
9,115 |
6.6 |
11.3 |
0.3 |
11.6 |
158 |
Torchmark Corp. |
Insurance |
7,342 |
897 |
12.2 |
17.9 |
-5.6 |
11.3 |
159 |
Expeditors International of Washington |
Transportation |
8,819 |
979 |
11.1 |
13.8 |
-2.3 |
11.2 |
160 |
Ecolab |
Materials |
33,668 |
1,287 |
3.8 |
18.0 |
-5.8 |
11.2 |
161 |
Union Pacific Corp. |
Transportation |
83,809 |
6,215 |
7.4 |
19.9 |
-7.6 |
10.8 |
162 |
Nielsen Holdings |
Commercial and Professional Services |
16,478 |
797 |
4.8 |
16.6 |
-5.0 |
10.8 |
163 |
Verizon Communications |
Telecommunication Services |
190,098 |
5,074 |
2.7 |
2.3 |
8.1 |
10.6 |
164 |
International Paper Co. |
Materials |
20,124 |
1,137 |
5.6 |
10.3 |
0.3 |
10.6 |
165 |
The Dow Chemical Co. |
Materials |
58,993 |
4,920 |
8.3 |
28.0 |
-13.7 |
10.5 |
166 |
L-3 Communications Holdings |
Capital Goods |
9,338 |
1,780 |
19.1 |
21.8 |
-9.3 |
10.4 |
167 |
E. I. du Pont de Nemours and Co. |
Materials |
57,890 |
2,353 |
4.1 |
18.8 |
-7.1 |
10.3 |
168 |
Omnicom Group |
Media |
16,977 |
1,489 |
8.8 |
13.9 |
-3.3 |
10.1 |
169 |
Johnson Controls |
Automobiles and Components |
32,434 |
2,249 |
6.9 |
22.1 |
-9.8 |
10.1 |
170 |
Varian Medical Systems |
Healthcare Equipment and Services |
8,416 |
1,052 |
12.5 |
14.3 |
-4.0 |
9.7 |
171 |
U.S. Bancorp |
Banks |
76,950 |
4,452 |
5.8 |
15.5 |
-5.3 |
9.4 |
172 |
Rockwell Automation |
Capital Goods |
16,773 |
974 |
5.8 |
20.6 |
-9.3 |
9.4 |
173 |
Seagate Technology |
Technology Hardware and Equipment |
15,076 |
2,999 |
19.9 |
21.3 |
-9.9 |
9.3 |
174 |
Western Digital Corp. |
Technology Hardware and Equipment |
18,108 |
1,786 |
9.9 |
29.9 |
-16.0 |
9.2 |
175 |
eBay |
Software and Services |
73,181 |
4,402 |
6.0 |
4.9 |
4.1 |
9.2 |
176 |
Citrix Systems |
Software and Services |
11,246 |
2,118 |
18.8 |
1.5 |
7.6 |
9.2 |
177 |
The Chubb Corp. |
Insurance |
21,859 |
2,825 |
12.9 |
8.5 |
0.5 |
9.0 |
178 |
Urban Outfitters |
Retailing |
4,485 |
888 |
19.8 |
-3.2 |
12.4 |
8.9 |
179 |
General Motors Co. |
Automobiles and Components |
52,989 |
7,714 |
14.6 |
8.6 |
0.1 |
8.6 |
180 |
CH Robinson Worldwide |
Transportation |
9,099 |
940 |
10.3 |
9.4 |
-0.7 |
8.6 |
181 |
Amgen |
Pharmaceuticals, Biotechnology and Life Sciences |
116,725 |
1,078 |
0.9 |
26.6 |
-14.2 |
8.6 |
182 |
Citigroup |
Banks |
167,606 |
4,672 |
2.8 |
6.5 |
1.7 |
8.3 |
183 |
General Electric Co. |
Capital Goods |
267,717 |
6,998 |
2.6 |
12.0 |
-3.3 |
8.2 |
184 |
Intel Corp. |
Semiconductors and Semiconductor Equipment |
144,289 |
14,055 |
9.7 |
20.9 |
-10.6 |
8.0 |
185 |
Deere & Co. |
Capital Goods |
32,402 |
5,345 |
16.5 |
5.2 |
2.6 |
8.0 |
186 |
DENTSPLY International |
Healthcare Equipment and Services |
7,207 |
318 |
4.4 |
12.0 |
-3.7 |
7.9 |
187 |
MetLife |
Insurance |
62,475 |
2,000 |
3.2 |
16.4 |
7.5 |
7.7 |
188 |
Comerica |
Banks |
9,135 |
520 |
5.7 |
16.1 |
-7.5 |
7.4 |
189 |
PulteGroup |
Consumer Durables and Apparel |
7,347 |
696 |
9.5 |
0.0 |
6.9 |
6.9 |
190 |
CenturyLink |
Telecommunication Servicess |
16,563 |
1,646 |
9.9 |
2.9 |
3.9 |
6.9 |
191 |
Colgate-Palmolive Co.. |
Household and Personal Products |
59,168 |
3,047 |
5.1 |
9.3 |
-2.3 |
6.7 |
192 |
Merck & Co. |
Pharmaceuticals, Biotechnology and Life Sciences |
160,840 |
9,838 |
6.1 |
15.8 |
-7.9 |
6.6 |
193 |
Symantec Corp. |
Software and Services |
15,827 |
965 |
6.1 |
4.5 |
2.0 |
6.6 |
194 |
Unum Group |
Insurance |
8,920 |
637 |
7.1 |
14.2 |
-6.7 |
6.5 |
195 |
Bed Bath & Beyond |
Retailing |
11,817 |
3,596 |
30.4 |
2.5 |
3.5 |
6.1 |
196 |
Kimberly-Clark Corp. |
Household and Personal Products |
38,584 |
2,462 |
6.4 |
9.7 |
-3.3 |
6.1 |
197 |
Assurant |
Insurance |
4,550 |
603 |
13.2 |
17.3 |
-9.7 |
5.9 |
198 |
ACE Ltd. |
Insurance |
33,208 |
2,254 |
6.8 |
12.3 |
-5.7 |
5.9 |
199 |
Norfolk Southern Corp. |
Transportation |
26,632 |
1,396 |
5.2 |
15.6 |
-8.7 |
5.6 |
200 |
Bank of America Corp. |
Banks |
178,746 |
4,667 |
2.6 |
14.4 |
-7.7 |
5.6 |
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2013 to June 2015. Includes the 488 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2015. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.. |
||||||||