Buyback |
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 1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—284 | ||||||||
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% | ||
251 | Loews Corp. | Insurance | 14,302 | 957 | 6.7 | -4.2 | -1.8 | -5.9 |
252 | The Hershey Co. | Food, Beverage and Tobacco | 19,458 | 892 | 4.6 | 5.5 | -11.1 | -6.3 |
253 | American Express Co. | Diversified Financials | 78,948 | 8,201 | 10.4 | 6.8 | -12.4 | -6.4 |
254 | Caterpillar | Capital Goods | 51,201 | 5,763 | 11.3 | 3.4 | -10.5 | -7.4 |
255 | Jacobs Engineering Group | Capital Goods | 5,101 | 451 | 8.8 | -9.3 | 1.8 | -7.7 |
256 | Teradata Corp. | Software and Services | 5,482 | 1,057 | 19.3 | -12.6 | 5.2 | -8.1 |
257 | Chevron Corp. | Energy | 181,410 | 6,878 | 3.8 | -3.5 | -4.9 | -8.2 |
258 | Keurig Green Mountain | Food, Beverage and Tobacco | 11,799 | 2,033 | 17.2 | 21.4 | -25.2 | -9.2 |
259 | Viacom | Media | 25,671 | 6,796 | 26.5 | 2.6 | -11.8 | -9.6 |
260 | Occidental Petroleum Corp. | Energy | 59,737 | 3,951 | 6.6 | -1.0 | -8.8 | -9.7 |
261 | SanDisk Corp. | Technology Hardware and Equipment | 12,105 | 3,598 | 29.7 | 9.7 | -17.9 | -9.9 |
262 | Pentair | Capital Goods | 12,350 | 1,126 | 9.1 | 8.2 | -16.8 | -9.9 |
263 | Garmin Ltd. | Consumer Durables and Apparel | 8,410 | 380 | 4.5 | 19.7 | -24.8 | -10.0 |
264 | Cameron International Corp. | Energy | 10,024 | 3,348 | 33.4 | -8.7 | -2.2 | -10.7 |
265 | Harley-Davidson | Automobiles and Components | 11,728 | 1,245 | 10.6 | 4.6 | -15.4 | -11.6 |
266 | NetApp | Technology Hardware and Equipment | 9,625 | 2,627 | 27.3 | -0.6 | -11.3 | -11.8 |
267 | Precision Castparts Corp. | Capital Goods | 27,628 | 2,254 | 8.2 | 1.8 | -13.7 | -12.1 |
268 | Owens-Illinois | Materials | 3,699 | 158 | 4.3 | -5.1 | -7.4 | -12.1 |
269 | Hess Corp. | Energy | 19,220 | 5,295 | 27.5 | 2.5 | -15.1 | -13.0 |
270 | Marathon Oil Corp. | Energy | 17,913 | 1,500 | 8.4 | -6.5 | -7.2 | -13.2 |
271 | Discovery Communications | Media | 21,401 | 2,730 | 12.8 | -8.0 | -6.0 | -13.5 |
272 | Scripps Networks Interactive | Media | 8,396 | 1,491 | 17.8 | 1.8 | -15.5 | -14.0 |
273 | Flowserve Corp. | Capital Goods | 7,093 | 538 | 7.6 | 2.5 | -17.6 | -15.6 |
274 | Ralph Lauren Corp. | Consumer Durables and Apparel | 11,344 | 1,058 | 9.3 | -11.4 | -4.9 | -15.7 |
275 | Coach | Consumer Durables and Apparel | 9,562 | 525 | 5.5 | -15.0 | -2.1 | -16.8 |
276 | Fluor Corp. | Capital Goods | 7,815 | 1,189 | 15.2 | -1.4 | -15.8 | -17.0 |
277 | Murphy Oil Corp. | Energy | 7,398 | 875 | 11.8 | -6.1 | -13.6 | -18.9 |
278 | Joy Global | Capital Goods | 3,528 | 533 | 15.1 | -13.3 | -6.7 | -19.1 |
279 | FMC Technologies | Energy | 9,581 | 407 | 4.2 | -13.1 | -11.6 | -23.2 |
280 | Mattel | Consumer Durables and Apparel | 8,692 | 519 | 6.0 | -20.0 | -4.2 | -23.3 |
281 | Apache Corp. | Energy | 21,732 | 2,612 | 12.0 | -9.9 | -18.1 | -26.2 |
282 | Fossil Group | Consumer Durables and Apparel | 3,385 | 1,007 | 29.7 | -12.3 | -16.9 | -27.2 |
283 | National Oilwell Varco | Energy | 18,726 | 2,556 | 13.6 | -6.7 | -26.4 | -31.3 |
284 | Michael Kors Holdings Ltd. | Consumer Durables and Apparel | 8,372 | 849 | 10.1 | -1.9 | -42.9 | -44.0 |
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. |