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Second-Quarter 2013 Corporate Buyback Scorecard 151-200

Second-Quarter 2013 Corporate Buyback Scorecard 151-200

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$2,9129.3%13.5%10.4%25.0%
Median$15,858$1,3508.1%13.5%9.7%24.1%
151VeriSignSoftware and Services$6,732$1,04315.5%16.0%5.2%22.0%
152CovidienHealthcare Equipment and Services$29,565$2,2387.6%11.5%9.1%21.7%
153The Procter & Gamble Co.Household and Personal Products$211,012$10,0104.7%13.8%6.9%21.7%
154Murphy Oil Corp.Energy$11,628$5004.3%-0.6%22.4%21.6%
155Republic ServicesCommercial and Professional Services$12,283$6595.4%7.8%12.2%21.0%
156Stanley Black & DeckerCapital Goods$12,516$1,0998.8%6.5%13.5%20.9%
157L-3 CommunicationsCapital Goods$7,716$1,46018.9%6.6%13.4%20.9%
158Motorola SolutionsTechnology Hardware and Equipment$15,683$4,45528.4%15.4%4.6%20.7%
159Reynolds AmericanFood, Beverage and Tobacco$26,463$1,8587.0%18.6%1.3%20.1%
160Rockwell AutomationCapital Goods$11,611$6555.6%2.9%16.8%20.1%
161Prudential FinancialInsurance$34,032$1,8865.5%6.1%12.8%19.7%
162HasbroConsumer Durables and Apparel$5,800$4057.0%3.5%15.4%19.4%
163Iron MountainCommercial and Professional Services$5,074$76215.0%12.8%5.7%19.3%
164Sysco Corp.Food and Staples Retailing$20,273$9944.9%10.4%7.8%19.0%
165PetSmartRetailing$6,921$80811.7%26.0%-5.6%19.0%
166KLA-Tencor Corp.Semiconductors and Semiconductor Equipment$9,245$5375.8%17.4%1.4%19.0%
167Microsoft Corp.Software and Services$288,489$10,3893.6%17.6%1.2%19.0%
168Dr Pepper Snapple GroupFood, Beverage and Tobacco$9,372$7237.7%12.5%5.6%18.8%
169SafewayFood and Staples Retailing$5,704$2,29440.2%4.6%13.5%18.7%
170UnitedHealth GroupHealthcare Equipment and Services$66,790$6,1579.2%14.9%3.3%18.6%
171Patterson CompaniesHealthcare Equipment and Services$3,954$48212.2%8.0%9.7%18.4%
172United Parcel ServiceTransportation$81,667$5,1016.2%12.0%5.5%18.2%
173Rockwell CollinsCapital Goods$8,603$1,23814.4%3.7%13.9%18.1%
174Philip Morris InternationalFood, Beverage and Tobacco$141,668$12,0038.5%21.6%-3.1%17.9%
175AirgasMaterials$6,990$6008.6%22.8%-4.1%17.8%
176Parker-Hannifin Corp.Capital Goods$14,239$6934.9%4.1%13.0%17.7%
177Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences$53,720$1,9193.6%26.5%-7.0%17.7%
178AutoNationRetailing$5,264$3,4895.2%19.3%-1.7%17.3%
179U.S. BancorpBanks$66,865$18,6639.3%17.8%-5.2%11.6%
180Xerox Corp.Technology Hardware and Equipment$11,137$1,76315.8%-4.6%22.8%17.2%
181Chevron Corp.Energy$229,403$8,4773.7%11.6%5.0%17.1%
182WellPointHealthcare Equipment and Services$24,582$4,69619.1%1.2%15.6%17.0%
183The Coca-Cola Co.Food, Beverage and Tobacco$178,640$10,6796.0%14.4%1.9%16.6%
184Ralph Lauren Corp.Consumer Durables and Apparel$15,793$8435.3%18.5%-1.8%16.4%
185Dollar Tree.Retailing$11,380$9588.4%26.9%-8.6%15.9%
186AT&T.Telecommunication Services$190,452$21,96911.5%15.0%.07%15.9%
187LorillardFood, Beverage and Tobacco$16,500$1,5319.3%15.4%0.3%15.8%
188People's United FinancialBanks$4,778$70914.8%7.2%7.9%15.7%
189AutoZoneRetailing$15,050$2,62417.4%19.6%-3.4%15.5%
190Denbury ResourcesEnergy$6,446$5608.7%-8.0%25.6%15.5%
191E. I. du Pont de Nemours and Co.Materials$48,324$1,8003.7%3.5%11.4%15.4%
192Emerson Electric Co.Capital Goods$39,207$1,8104.6%4.0%10.9%15.3%
193United Technologies Corp.Capital Goods$85,440$1,3451.6%7.1%7.5%15.2%
194Nordstrom.Retailing$11,728$1,31211.2%14.7%0.3%15.1%
195Harris Corp.Technology Hardware and Equipment$5,397$88816.5%2.1%12.1%14.4%
196General Dynamics Corp.Capital Goods$27,665$1,0964.0%4.2%9.8%14.4%
197CA TechnologiesSoftware and Services$12,963$1,44211.1%10.6%3.3%14.2%
198International Game TechnologyConsumer Services$4,351$58113.4%2.2%11.7%14.2%
199ConocoPhillipsEnergy$73,971$11,44915.5%7.6%5.8%13.8%
200Dollar General Corp.Retailing$16,511$8765.3%25.7%-9.7%13.5%
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.

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