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Second-Quarter 2015 Corporate Buyback Scorecard; 1–50

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. 1-50.

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$3,6929.5%17.8%-3.2%14.2%
Median$22,959$1,9087.6%17.9%-3.7%14.9%
1Darden RestaurantsConsumer Services8,941 503 5.618.137.862.7
2Humana Healthcare Equipment and Services 28,650 1,559 5.455.04.962.6
3AmerisourceBergen Corp.Healthcare Equipment and Services 23,361 1,637 7.046.09.159.4
4Southwest Airlines Co.Transportation 22,114 1,824 8.270.8-8.157.0
5The Kroger Co.Food and Staples Retailing 35,219 2,284 6.548.25.456.2
6AnthemHealthcare Equipment and Services 43,421 4,964 11.448.6

4.6

55.5
7Edwards Lifesciences Corp.Healthcare Equipment and Services 15,319 7314.838.112.355.1
8Tesoro Corp. Energy 10,621 4684.426.820.252.4
9Cigna Corp.Healthcare Equipment and Services41,693 2,8746.943.25.050.3
10Red Hat Software and Services13,9315954.325.619.049.5
11Apple Technology Hardware and Equipment 722,577 71,910 10.047.31.349.3
12O'Reilly Automotive Retailing 22,822 1,873 8.243.63.748.9
13Aetna Healthcare Equipment and Services44,5092,3305.241.15.348.5
14CarMax Retailing13,8171,2188.825.318.248.1
15Walgreens Boots AllianceFood and Staples Retailing 92,103 1,347 1.535.86.945.1
16HCA HoldingsHealthcare Equipment and Services37,5873,1908.543.90.344.4
17UnitedHealth Group Healthcare Equipment and Services 116,132 6,797 5.940.13.044.3
18Equifax Commercial and Professional Services 11,554 4964.328.910.943.0
19Expedia Retailing 13,949 7505.433.36.742.2
20Broadcom Corp.Semiconductors and Semiconductor Equipment 30,772 1,365 4.419.917.641.1
21Hasbro Consumer Durables and Apparel 9,310 5566.029.18.940.6
22Biogen Pharmaceuticals, Biotechnology and Life Sciences 95,019 1,2881.437.02.340.2
23Starbucks Corp.Consumer Services 80,401 1,680 2.129.68.040.0
24Leggett & PlattConsumer Durables and Apparel 6,708 3515.224.112.539.7
25Lowe's Cos. Retailing 62,462 8,217 13.235.22.738.8
26Cintas Corp.Commercial and Professional Services 9,677 9239.539.1-0.638.3
27Altera Corp.Semiconductors and Semiconductor Equipment 15,4809205.921.513.838.3
28Dr Pepper Snapple GroupFood, Beverage and Tobacco 13,9779256.630.55.737.9
29The Walt Disney Co.Media 193,668 10,743 5.533.52.937.4
30The Sherwin-Williams Co.Materials25,6282,70510.626.78.337.2
31CVS Health Corp.Food and Staples Retailing 118,200 10,163 8.634.81.436.6
32Delphi Automotive Automobiles and Components 24,569 1,783 7.337.0-1.335.3
33Northrop Grumman Corp.Capital Goods 30,740 6,034 19.646.6-7.935.0
34McGraw Hill FinancialDiversified Financials 27,493 1,114 4.141.7-4.834.9
35Marriott InternationalConsumer Services 20,454 2,953 14.439.4-3.234.9
36Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences 88,552 1,736 2.022.410.134.7
37The Home DepotRetailing 144,355 14,285 9.924.76.833.1
38Ross Stores Retailing 20,114 1,281 6.426.65.133.1
39FiservSoftware and Services 19,613 1,789 9.135.4-1.932.8
40Moody's Corp.Diversified Financials 21,830 2,474 11.335.0-2.032.2
41Intuit Software and Services 27,779 2,844 10.231.30.732.2
42NIKEConsumer Durables and Apparel 92,870 5,162 5.629.91.632.0
43AutoZoneRetailing 20,589 2,500 12.129.61.631.7
44Celgene Corp.Pharmaceuticals, Biotechnology and Life Sciences 91,795 5,8696.437.8-4.731.3
45The Western Union Co.Software and Services 10,497 8938.519.49.530.7
46Valero Energy Corp.Energy 31,840 2,427 7.627.31.429.1
47Ball Corp.Materials9,6766166.427.90.829.0
48Cardinal HealthHealthcare Equipment and Services 27,674 1,709 6.241.7-9.128.8
49Altria Group Food, Beverage and Tobacco 96,184 1,132 1.224.63.028.3
50Activision BlizzardSoftware and Services 17,581 5,830 33.230.3-1.927.9
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.


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