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 |
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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% |
151 |
VeriSign |
Software and Services |
$6,732 |
$1,043 |
15.5% |
16.0% |
5.2% |
22.0% |
152 |
Covidien |
Healthcare Equipment and Services |
$29,565 |
$2,238 |
7.6% |
11.5% |
9.1% |
21.7% |
153 |
The Procter & Gamble Co. |
Household and Personal Products |
$211,012 |
$10,010 |
4.7% |
13.8% |
6.9% |
21.7% |
154 |
Murphy Oil Corp. |
Energy |
$11,628 |
$500 |
4.3% |
-0.6% |
22.4% |
21.6% |
155 |
Republic Services |
Commercial and Professional Services |
$12,283 |
$659 |
5.4% |
7.8% |
12.2% |
21.0% |
156 |
Stanley Black & Decker |
Capital Goods |
$12,516 |
$1,099 |
8.8% |
6.5% |
13.5% |
20.9% |
157 |
L-3 Communications |
Capital Goods |
$7,716 |
$1,460 |
18.9% |
6.6% |
13.4% |
20.9% |
158 |
Motorola Solutions |
Technology Hardware and Equipment |
$15,683 |
$4,455 |
28.4% |
15.4% |
4.6% |
20.7% |
159 |
Reynolds American |
Food, Beverage and Tobacco |
$26,463 |
$1,858 |
7.0% |
18.6% |
1.3% |
20.1% |
160 |
Rockwell Automation |
Capital Goods |
$11,611 |
$655 |
5.6% |
2.9% |
16.8% |
20.1% |
161 |
Prudential Financial |
Insurance |
$34,032 |
$1,886 |
5.5% |
6.1% |
12.8% |
19.7% |
162 |
Hasbro |
Consumer Durables and Apparel |
$5,800 |
$405 |
7.0% |
3.5% |
15.4% |
19.4% |
163 |
Iron Mountain |
Commercial and Professional Services |
$5,074 |
$762 |
15.0% |
12.8% |
5.7% |
19.3% |
164 |
Sysco Corp. |
Food and Staples Retailing |
$20,273 |
$994 |
4.9% |
10.4% |
7.8% |
19.0% |
165 |
PetSmart |
Retailing |
$6,921 |
$808 |
11.7% |
26.0% |
-5.6% |
19.0% |
166 |
KLA-Tencor Corp. |
Semiconductors and Semiconductor Equipment |
$9,245 |
$537 |
5.8% |
17.4% |
1.4% |
19.0% |
167 |
Microsoft Corp. |
Software and Services |
$288,489 |
$10,389 |
3.6% |
17.6% |
1.2% |
19.0% |
168 |
Dr Pepper Snapple Group |
Food, Beverage and Tobacco |
$9,372 |
$723 |
7.7% |
12.5% |
5.6% |
18.8% |
169 |
Safeway |
Food and Staples Retailing |
$5,704 |
$2,294 |
40.2% |
4.6% |
13.5% |
18.7% |
170 |
UnitedHealth Group |
Healthcare Equipment and Services |
$66,790 |
$6,157 |
9.2% |
14.9% |
3.3% |
18.6% |
171 |
Patterson Companies |
Healthcare Equipment and Services |
$3,954 |
$482 |
12.2% |
8.0% |
9.7% |
18.4% |
172 |
United Parcel Service |
Transportation |
$81,667 |
$5,101 |
6.2% |
12.0% |
5.5% |
18.2% |
173 |
Rockwell Collins |
Capital Goods |
$8,603 |
$1,238 |
14.4% |
3.7% |
13.9% |
18.1% |
174 |
Philip Morris International |
Food, Beverage and Tobacco |
$141,668 |
$12,003 |
8.5% |
21.6% |
-3.1% |
17.9% |
175 |
Airgas |
Materials |
$6,990 |
$600 |
8.6% |
22.8% |
-4.1% |
17.8% |
176 |
Parker-Hannifin Corp. |
Capital Goods |
$14,239 |
$693 |
4.9% |
4.1% |
13.0% |
17.7% |
177 |
Eli Lilly and Co. |
Pharmaceuticals, Biotechnology and Life Sciences |
$53,720 |
$1,919 |
3.6% |
26.5% |
-7.0% |
17.7% |
178 |
AutoNation |
Retailing |
$5,264 |
$3,489 |
5.2% |
19.3% |
-1.7% |
17.3% |
179 |
U.S. Bancorp |
Banks |
$66,865 |
$18,663 |
9.3% |
17.8% |
-5.2% |
11.6% |
180 |
Xerox Corp. |
Technology Hardware and Equipment |
$11,137 |
$1,763 |
15.8% |
-4.6% |
22.8% |
17.2% |
181 |
Chevron Corp. |
Energy |
$229,403 |
$8,477 |
3.7% |
11.6% |
5.0% |
17.1% |
182 |
WellPoint |
Healthcare Equipment and Services |
$24,582 |
$4,696 |
19.1% |
1.2% |
15.6% |
17.0% |
183 |
The Coca-Cola Co. |
Food, Beverage and Tobacco |
$178,640 |
$10,679 |
6.0% |
14.4% |
1.9% |
16.6% |
184 |
Ralph Lauren Corp. |
Consumer Durables and Apparel |
$15,793 |
$843 |
5.3% |
18.5% |
-1.8% |
16.4% |
185 |
Dollar Tree. |
Retailing |
$11,380 |
$958 |
8.4% |
26.9% |
-8.6% |
15.9% |
186 |
AT&T. |
Telecommunication Services |
$190,452 |
$21,969 |
11.5% |
15.0% |
.07% |
15.9% |
187 |
Lorillard |
Food, Beverage and Tobacco |
$16,500 |
$1,531 |
9.3% |
15.4% |
0.3% |
15.8% |
188 |
People's United Financial |
Banks |
$4,778 |
$709 |
14.8% |
7.2% |
7.9% |
15.7% |
189 |
AutoZone |
Retailing |
$15,050 |
$2,624 |
17.4% |
19.6% |
-3.4% |
15.5% |
190 |
Denbury Resources |
Energy |
$6,446 |
$560 |
8.7% |
-8.0% |
25.6% |
15.5% |
191 |
E. I. du Pont de Nemours and Co. |
Materials |
$48,324 |
$1,800 |
3.7% |
3.5% |
11.4% |
15.4% |
192 |
Emerson Electric Co. |
Capital Goods |
$39,207 |
$1,810 |
4.6% |
4.0% |
10.9% |
15.3% |
193 |
United Technologies Corp. |
Capital Goods |
$85,440 |
$1,345 |
1.6% |
7.1% |
7.5% |
15.2% |
194 |
Nordstrom. |
Retailing |
$11,728 |
$1,312 |
11.2% |
14.7% |
0.3% |
15.1% |
195 |
Harris Corp. |
Technology Hardware and Equipment |
$5,397 |
$888 |
16.5% |
2.1% |
12.1% |
14.4% |
196 |
General Dynamics Corp. |
Capital Goods |
$27,665 |
$1,096 |
4.0% |
4.2% |
9.8% |
14.4% |
197 |
CA Technologies |
Software and Services |
$12,963 |
$1,442 |
11.1% |
10.6% |
3.3% |
14.2% |
198 |
International Game Technology |
Consumer Services |
$4,351 |
$581 |
13.4% |
2.2% |
11.7% |
14.2% |
199 |
ConocoPhillips |
Energy |
$73,971 |
$11,449 |
15.5% |
7.6% |
5.8% |
13.8% |
200 |
Dollar General Corp. |
Retailing |
$16,511 |
$876 |
5.3% |
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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