This content is from: Research
Second-Quarter 2013 Corporate Buyback Scorecard 101-150
Second-Quarter 2013 Corporate Buyback Scorecard 101-150
Buyback Scorecard |
The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent or $1 billion of their shares from June 30, 2011 through June 30, 2013. 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 | $38,681 | $2,912 | 9.3% | 13.5% | 10.4% | 25.0% | ||
| Median | $15,858 | $1,350 | 8.1% | 13.5% | 9.7% | 24.1% | ||
| 101 | Northrop Grumman Corp. | Capital Goods | $19,472 | $3,519 | 18.1% | 14.1% | 13.1% | 29.1% |
| 102 | Fiserv | Software and Services | $11,640 | $988 | 8.5% | 18.6% | 8.8% | 29.0% |
| 103 | Wells Fargo & Co. | Banks | $218,582 | $7,100 | 3.2% | 19.9% | 7.6% | 28.9% |
| 104 | Monsanto Co. | Materials | $52,743 | $1,026 | 1.9% | 26.4% | 1.8% | 28.7% |
| 105 | Applied Materials | Semiconductors and Semiconductor Equipment | $17,928 | $1,789 | 10.0% | 4.4% | 23.2% | 28.6% |
| 106 | Raytheon Co. | Capital Goods | $21,463 | $1,936 | 9.0% | 17.5% | 9.4% | 28.6% |
| 107 | Tyco International | Commercial and Professional Services | $15,289 | $800 | 5.2% | 19.2% | 7.8% | 28.5% |
| 108 | JPMorgan Chase & Co. | Diversified Financials | $200,037 | $10,691 | 5.3% | 11.4% | 14.7% | 27.7% |
| 109 | Assurant | Insurance | $3,920 | $852 | 21.7% | 16.6% | 9.4% | 27.6% |
| 110 | The Nasdaq OMX Group | Diversified Financials | $5,436 | $390 | 7.2% | 9.8% | 15.6% | 27.0% |
| 111 | Halliburton Co. | Energy | $38,885 | $1,137 | 2.9% | -5.7% | 34.5% | 26.8% |
| 112 | Becton, Dickinson and Co. | Healthcare Equipment and Services | $19,198 | $2,134 | 11.1% | 9.5% | 15.5% | 26.5% |
| 113 | Automatic Data Processing | Software and Services | $33,412 | $1,143 | 3.4% | 16.5% | 8.6% | 26.5% |
| 114 | The Bank of New York Mellon Corp. | Diversified Financials | $32,556 | $2,271 | 7.0% | 3.8% | 21.9% | 26.5% |
| 115 | FMC Corp. | Materials | $8,312 | $421 | 5.1% | 21.6% | 3.9% | 26.3% |
| 116 | Franklin Resources | Diversified Financials | $28,919 | $1,361 | 4.7% | 10.4% | 14.4% | 26.3% |
| 117 | Lockheed Martin Corp. | Capital Goods | $34,714 | $3,158 | 9.1% | 19.0% | 6.1% | 26.3% |
| 118 | Nike | Consumer Durables and Apparel | $56,927 | $3,075 | 5.4% | 25.0% | 0.9% | 26.2% |
| 119 | Cisco Systems. | Technology Hardware and Equipment | $130,054 | $7,863 | 6.0% | 19.3% | 5.6% | 25.9% |
| 120 | Progressive Corp. | Insurance | $15,313 | $878 | 5.7% | 13.7% | 10.6% | 25.7% |
| 121 | Target Corp. | Retailing | $44,188 | $3,685 | 8.3% | 21.9% | 3.1% | 25.7% |
| 122 | Urban Outfitters | Retailing | $5,910 | $329 | 5.6% | 16.0% | 8.0% | 25.4% |
| 123 | The Chubb Corp. | Insurance | $21,939 | $2,445 | 11.1% | 20.1% | 4.3% | 25.2% |
| 124 | Electronic Arts | Software and Services | $7,037 | $729 | 10.4% | -3.7% | 29.9% | 25.1% |
| 125 | Lam Research Corp. | Semiconductors and Semiconductor Equipment | $7,215 | $1,764 | 24.4% | -2.5% | 28.1% | 25.0% |
| 126 | Merck & Co. | Pharmaceuticals, Biotechnology and Life Sciences | $140,261 | $10,303 | 7.3% | 19.9% | 4.2% | 24.9% |
| 127 | 3M Co. | Capital Goods | $75,473 | $5,542 | 7.3% | 10.6% | 12.9% | 24.9% |
| 128 | Unum Group | Insurance | $7,840 | $944 | 12.0% | 6.0% | 17.7% | 24.8% |
| 129 | Time Warner Cable | Media | $32,728 | $4,120 | 12.6% | 16.5% | 7.0% | 24.7% |
| 130 | Cintas Corp. | Commercial and Professional Services | $5,580 | $608 | 10.9% | 21.9% | 2.2% | 24.6% |
| 131 | Robert Half International | Commercial and Professional Services | $4,637 | $340 | 7.3% | 12.7% | 10.3% | 24.4% |
| 132 | Computer Sciences Corp. | Software and Services | $6,576 | $412 | 6.3% | 4.9% | 18.5% | 24.3% |
| 133 | Illinois Tool Works. | Capital Goods | $31,156 | $2,540 | 8.2% | 12.4% | 10.5% | 24.2% |
| 134 | DIRECTV | Media | $34,429 | $9,726 | 28.2% | 11.5% | 11.3% | 24.1% |
| 135 | Wal-Mart Stores | Food and Staples Retailing | $244,080 | $14,454 | 5.9% | 22.5% | 1.3% | 24.1% |
| 136 | Altria Group | Food, Beverage and Tobacco | $70,091 | $2,060 | 2.9% | 21.8% | 1.8% | 24.0% |
| 137 | Harley-Davidson | Automobiles and Components | $12,302 | $739 | 6.0% | 21.2% | 2.2% | 23.8% |
| 138 | Baxter International | Healthcare Equipment and Services | $37,640 | $2,665 | 7.1% | 13.6% | 9.0% | 23.7% |
| 139 | Texas Instruments | Semiconductors and Semiconductor Equipment | $38,654 | $3,950 | 10.2% | 4.9% | 17.8% | 23.6% |
| 140 | Pall Corp. | Capital Goods | $7,412 | $406 | 5.5% | 11.9% | 10.2% | 23.3% |
| 141 | L Brands | Retailing | $14,252 | $984 | 6.9% | 25.5% | -1.8% | 23.3% |
| 142 | Colgate-Palmolive Co. | Household and Personal Products | $53,437 | $3,503 | 6.6% | 21.5% | 1.5% | 23.3% |
| 143 | Pepsico | Food, Beverage and Tobacco | $126,481 | $5,990 | 4.7% | 12.3% | 9.6% | 23.1% |
| 144 | Wisconsin Energy Corp. | Utilities | $9,375 | $431 | 4.6% | 21.1% | 1.5% | 23.0% |
| 145 | Legg Mason | Diversified Financials | $3,879 | $741 | 19.1% | -0.7% | 23.8% | 22.9% |
| 146 | Zimmer Holdings | Healthcare Equipment and Services | $12,617 | $1,639 | 13.0% | 10.2% | 11.5% | 22.8% |
| 147 | McGraw Hill Financial | Diversified Financials | $14,579 | $1,969 | 13.5% | 20.2% | 1.8% | 22.4% |
| 148 | Ross Stores | Retailing | $14,173 | $865 | 6.1% | 30.6% | -6.4% | 22.3% |
| 149 | General Electric Co. | Capital Goods | $239,787 | $12,312 | 5.1% | 12.6% | 8.5% | 22.3% |
| 150 | Marriott International | Consumer Services | $12,399 | $2,400 | 19.4% | 13.3% | 7.8% | 22.1% |
| Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2011 to June 2013. Includes the 487 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion. | ||||||||