Second-Quarter 2015 Corporate Buyback Scorecard; 51–100

October 09, 2015

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. 51-100.

Buyback

Scorecard

Stock Buybacks Prepare for the Bear Market

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%
51	Gilead Sciences	Pharmaceuticals, Biotechnology and Life Sciences	172,061	8,850	5.1	44.8	-11.8	27.8
52	Newell Rubbermaid	Consumer Durables and Apparel	11,046	933	8.4	25.4	1.3	27.0
53	General Dynamics Corp.	Capital Goods	46,578	5,158	11.1	39.8	-9.5	26.5
54	Adobe Systems	Software and Services	40,314	1,800	4.5	32.7	-4.8	26.4
55	CF Industries Holdings	Materials	15,128	2,952	19.5	30.0	-2.8	26.3
56	Robert Half International	Commercial and Professional Services	7,497	340	4.5	30.9	-3.5	26.3
57	Medtronic	Healthcare Equipment and Services	104,952	3,883	3.7	26.7	-0.5	26.0
58	Lockheed Martin Corp.	Capital Goods	58,514	4,277	7.3	42.0	-11.7	25.5
59	General Growth Properties	Real Estate	22,738	1,123	4.9	17.4	6.6	25.1
60	Time Warner Cable	Media	50,378	1,464	2.9	34.0	-6.7	25.0
61	AbbVie	Pharmaceuticals, Biotechnology and Life Sciences	107,039	6,198	5.8	26.3	-1.1	24.8
62	Visa	Software and Services	164,310	8,424	5.1	25.4	-0.5	24.7
63	Time Warner	Media	72,078	9,494	13.2	25.0	-0.2	24.7
64	Kohl's Corp.	Retailing	12,389	1,795	14.5	21.6	2.4	24.6
65	Intercontinental Exchange	Diversified Financials	24,989	1,131	4.5	18.8	4.9	24.6
66	Delta Air Lines	Transportation	33,534	2,700	8.1	60.1	-22.2	24.6
67	Lam Research Corp.	Semiconductors and Semiconductor Equipment	12,880	818	6.4	32.5	-6.1	24.4
68	Dollar Tree	Retailing	16,287	1,000	6.1	27.4	-2.4	24.4
69	Avery Dennison Corp.	Materials	5,547	383	6.9	19.9	3.5	24.1
70	LyondellBasell Industries	Materials	48,741	6,960	14.3	30.0	-4.7	23.8
71	Amphenol Corp.	Technology Hardware and Equipment	17,908	827	4.6	23.6	0.2	23.8
72	Target Corp.	Retailing	52,120	1,237	2.4	11.0	11.4	23.7
73	Marathon Petroleum Corp.	Energy	28,419	4,228	14.9	15.3	7.2	23.6
74	Macy's	Retailing	22,698	3,596	15.8	23.1	0.3	23.5
75	The Bank of New York Mellon Corp.	Diversified Financials	47,070	3,346	7.1	24.1	-0.8	23.1
76	NVIDIA Corp.	Semiconductors and Semiconductor Equipment	10,819	1,303	12.0	27.7	-3.6	23.1
77	FedEx Corp.	Transportation	48,352	6,111	12.6	34.6	-8.7	22.8
78	Texas Instruments	Semiconductors and Semiconductor Equipment	53,589	5,623	10.5	27.7	-3.9	22.7
79	Dollar General Corp.	Retailing	23,097	1,935	8.4	20.8	1.2	22.3
80	Yum! Brands	Consumer Services	38,951	1,548	4.0	15.5	5.7	22.1
81	Abbott Laboratories	Healthcare Equipment and Services	73,068	3,932	5.4	16.8	4.4	21.9
82	Express Scripts Holding Co.	Healthcare Equipment and Services	64,863	13,247	20.4	20.4	1.1	21.7
83	Morgan Stanley	Diversified Financials	76,417	3,022	4.0	28.0	-5.0	21.6
84	Waters Corp.	Pharmaceuticals, Biotechnology and Life Sciences	10,616	639	6.0	16.4	4.4	21.5
85	Accenture	Software and Services	60,404	5,445	9.0	12.4	7.7	21.1
86	The Estée Lauder Cos.	Household and Personal Products	32,792	1,650	5.0	13.7	6.4	21.0
87	Legg Mason	Diversified Financials	5,713	695	12.2	30.0	-7.0	21.0
88	Northern Trust Corp.	Diversified Financials	17,843	905	5.1	17.9	2.6	21.0
89	Aon	Insurance	28,083	3,377	12.0	27.0	-4.8	20.9
90	CR Bard	Healthcare Equipment and Services	12,674	1,325	10.5	28.9	-6.3	20.8
91	Cisco Systems	Technology Hardware and Equipment	139,659	14,669	10.5	16.4	3.8	20.8
92	TE Connectivity Ltd.	Technology Hardware and Equipment	26,144	1,089	4.2	28.1	-5.8	20.6
93	The Allstate Corp.	Insurance	26,533	4,662	17.6	21.0	-0.6	20.2
94	AutoNation	Retailing	7,181	598	8.3	19.3	0.7	20.2
95	Wyndham Worldwide Corp.	Consumer Services	9,833	1,249	12.7	21.6	-1.3	20.0
96	Affiliated Managers Group	Diversified Financials	11,963	521	4.4	18.6	1.1	19.9
97	Tyson Foods	Food, Beverage and Tobacco	17,297	808	4.7	29.8	-7.7	19.9
98	Fidelity National Information Services	Software and Services	17,518	1,074	6.1	24.6	-3.8	19.8
99	Harris Corp.	Technology Hardware and Equipment	9,505	475	5.0	32.6	-9.7	19.7
100	CSX Corp.	Transportation	32,258	1,059	3.3	21.4	-1.5	19.7
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.