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% |
51 |
Fidelity National Information Services |
Software and Services |
$12,557 |
$984 |
7.8% |
17.5% |
18.9% |
39.7% |
52 |
The Kroger Co. |
Food and Staples Retailing |
$17,900 |
$2,151 |
12.0% |
20.9% |
15.0% |
39.0% |
53 |
Amphenol Corp. |
Technology Hardware and Equipment |
$12,413 |
$872 |
7.0% |
20.6% |
15.1% |
38.7% |
54 |
Starbucks Corp. |
Consumer Services |
$49,047 |
$1,371 |
2.8% |
32.6% |
4.4% |
38.5% |
55 |
XL Group |
Insurance |
$8,784 |
$1,186 |
13.5% |
18.6% |
16.5% |
38.1% |
56 |
Boston Scientific Corp. |
Healthcare Equipment and Services |
$12,506 |
$1,293 |
10.3% |
9.6% |
25.7% |
37.8% |
57 |
The Interpublic Group of Cos. |
Media |
$6,233 |
$813 |
13.0% |
12.3% |
22.6% |
37.7% |
58 |
Kimco Realty Corp. |
Real Estate |
$8,760 |
$722 |
8.2% |
16.0% |
18.6% |
37.5% |
59 |
The Travelers Cos. |
Insurance |
$30,115 |
$3,745 |
12.4% |
21.1% |
12.7% |
36.5% |
60 |
Johnson & Johnson |
Pharmaceuticals, Biotechnology and Life Sciences |
$241,171 |
$25,845 |
10.7% |
18.6% |
14.7% |
36.0% |
61 |
Kimberly-Clark Corp. |
Household and Personal Products |
$37.360 |
$2,118 |
5.7% |
27.9% |
6.3% |
35.9% |
62 |
eBay |
Software and Services |
$67,122 |
$2,123 |
3.2% |
31.1% |
3.7% |
35.9% |
63 |
Viacom |
Media |
$33,010 |
$5,113 |
15.5% |
19.0% |
14.2% |
35.9% |
64 |
Union Pacific Corp. |
Transportation |
$72,015 |
$3,117 |
4.3% |
25.1% |
8.6% |
35.8% |
65 |
Honeywell International |
Capital Goods |
$62,423 |
$1,500 |
2.4% |
17.4% |
15.0% |
35.0% |
66 |
The Hershey Co. |
Food, Beverage and Tobacco |
$19,975 |
$1,008 |
5.0% |
28.6% |
4.8% |
34.8% |
67 |
Dover Corp. |
Capital Goods |
$13,288 |
$1,247 |
9.4% |
9.7% |
22.63% |
34.5% |
68 |
Principal Financial Group |
Insurance |
$10,989 |
$684 |
6.2% |
12.6% |
19.4% |
34.5% |
69 |
Tyson Foods |
Food, Beverage and Tobacco |
$9,112 |
$659 |
7.2% |
16.3% |
15.6% |
34.4% |
70 |
Fifth Third Bancorp |
Banks |
$15,923 |
$1,314 |
8.3% |
19.2% |
12.7% |
34.3% |
71 |
Akamai Technologies |
Software and Services |
$7,561 |
$456 |
6.0% |
11.0% |
21.0% |
34.3% |
72 |
Scripps Networks Interactive |
Media |
$9,839 |
$1,050 |
10.7% |
17.9% |
13.9% |
34.3% |
73 |
Macy's |
Retailing |
$18,415 |
$2,279 |
12.4% |
34.3% |
-0.2% |
34.0% |
74 |
Aetna |
Healthcare Equipment and Services |
$24,034 |
$3,154 |
13.1% |
20.5% |
11.1% |
34.0% |
75 |
Pfizer |
Pharmaceuticals, Biotechnology and Life Sciences |
$198,681 |
$12,681 |
6.4% |
23.6% |
8.4% |
33.9% |
76 |
CVS Caremark Corp. |
Food and Staples Retailing |
$70,011 |
$6,660 |
9.5% |
26.9% |
5.4% |
33.8% |
77 |
The TJX Cos. |
Retailing |
$36,032 |
$2,622 |
7.3% |
39.6% |
-4.3% |
33.5% |
78 |
MasterCard |
Software and Services |
$69,841 |
$3,202 |
4.6% |
42.7% |
-6.4% |
33.5% |
79 |
Mylan |
Pharmaceuticals, Biotechnology and Life Sciences |
$11,875 |
$1,500 |
12.6% |
12.7% |
18.3% |
33.3% |
80 |
The Goldman Sachs Group |
Diversified Financials |
$72,388 |
$10,833 |
15.0% |
4.4% |
27.6% |
33.2% |
81 |
Torchmark Corp. |
Insurance |
$6,025 |
$942 |
15.6% |
21.3% |
9.8% |
33.1% |
82 |
Symantec Corp. |
Software and Services |
$15,660 |
$1,646 |
10.5% |
11.3% |
18.6% |
32.0% |
83 |
Medtronic |
Healthcare Equipment and Services |
$51.852 |
$2,967 |
5.7% |
13.6% |
15.9% |
31.6% |
84 |
AmerisourceBergen Corp. |
Healthcare Equipment and Services |
$12,892 |
$1,356 |
10.5% |
16.8% |
12.7% |
31.6% |
85 |
Accenture |
Software and Services |
$46,403 |
$4,277 |
9.2% |
21.6% |
8.1% |
31.4% |
86 |
General Mills |
Food, Beverage and Tobacco |
$31,285 |
$1,385 |
4.3% |
17.2% |
11.7% |
30.8% |
87 |
American Express Co. |
Diversified Financials |
$82,134 |
$7,644 |
9.3% |
22.6% |
6.7% |
30.8% |
88 |
Abbott Laboratories |
Healthcare Equipment and Services |
$54,373 |
$3,583 |
6.6% |
25.2% |
4.5% |
30.8% |
89 |
Dun & Bradstreet Corp. |
Commercial and Professional Services |
$3,893 |
$909 |
23.4% |
10.1% |
18.4% |
30.4% |
90 |
Omnicom Group |
Media |
$16,257 |
$1,876 |
11.5% |
16.6% |
11.4% |
29.9% |
91 |
Aon |
Insurance |
$19,892 |
$1,825 |
9.2% |
11.9% |
16.1% |
29.9% |
92 |
Walgreen Co. |
Food and Staples Retailing |
$41,769 |
$2,393 |
5.7% |
9.4% |
18.8% |
29.9% |
93 |
The J. M. Smucker Co. |
Food and Staples Food, Beverage and Tobacco |
$10,932 |
$840 |
7.7% |
18.8% |
9.3% |
29.9% |
94 |
O'Reilly Automotive |
Retailing |
$12,441 |
$2,586 |
20.8% |
34.5% |
-3.5% |
29.8% |
95 |
The Washington Post Co. |
Media |
$3,590 |
$176 |
4.9% |
7.5% |
20.7% |
29.7% |
96 |
TE Connectivity |
Technology Hardware and Equipment |
$18,919 |
$1,128 |
6.0% |
13.5% |
14.2% |
29.7% |
97 |
McKesson Corp. |
Healthcare Equipment and Services |
$26,162 |
$2,543 |
9.7% |
17.0% |
10.7% |
29.5% |
98 |
Amazon.com. |
Retailing |
$126,416 |
$1,237 |
1.0% |
17.9% |
9.8% |
29.5% |
99 |
Coca-Cola Enterprises |
Food, Beverage and Tobacco |
$9,635 |
$1,774 |
18.4% |
16.3% |
11.3% |
29.4% |
100 |
Comerica |
Banks |
$7,434 |
$549 |
7.4% |
3.5% |
25.0% |
29.4% |
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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