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Third-Quarter 2013 Corporate Buyback Scorecard; 151–200

Scorecard The Most and Least Effective Stock Buyback Programs Best and Worst Programs Industry Comparisons

The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent of their shares from September 30, 2011, through September 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 1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—263
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $41,922$3,0168.7%23.1%4.4%28.5%
 Median $17,310$1,4007.8%22.0%3.5%28.4%
152Rockwell CollinsCapital Goods9,1621,30314.218.35.424.6
153Franklin ResourcesDiversified Financials32,1091,2884.013.99.324.5
154Pall Corp.Capital Goods8,6165316.223.30.924.4
156eBaySoftware and Services72,2282,2363.130.6-5.123.9
158Cintas Corp.Commercial and Professional Services6,1844527.327.4-3.023.6
159Emerson Electric Co.Capital Goods46,2301,9074.
160Fossil GroupConsumer Durables and Apparel6,56479812.
161SafewayFood and Staples Retailing7,7192,09927.221.70.922.8
162International Game TechnologyConsumer Services4,93766613.511.010.522.7
163Republic ServicesCommercial and Professional Services12,0775714.712.09.522.7
165Patterson Cos.Healthcare Equipment and Services4,2313458.218.72.521.7
166Baxter InternationalHealthcare Equipment and Services35,6562,5137.
167HumanaHealthcare Equipment and Services14,6038445.811.39.221.5
168Reynolds AmericanFood, Beverage and Tobacco26,5381,8587.023.1-1.321.5
169CovidienHealthcare Equipment and Services28,0322,2898.218.32.621.3
170CA TechnologiesSoftware and Services13,5191,39310.323.6-2.121.0
171KLA-Tencor Corp.Semiconductors and Semiconductor Equipment10,1455315.227.4-5.120.9
172PepsicoFood, Beverage and Tobacco122,6065,8204.716.73.620.9
173Kimberly-Clark Corp.Household and Personal Products36,0902,2436.224.4-2.920.9
174The Western Union Co.Software and Services10,2991,10710.74.415.420.5
175Ross StoresRetailing15,7751,0386.635.2-11.020.3
176U.S. BancorpBanks67,2803,7665.627.7-5.820.3
178Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences9,0515956.611.17.920.0
180The Procter & Gamble Co.Household and Personal Products206,99211,2515.416.42.919.8
182AppleTechnology Hardware and Equipment433,12622,8605.311.96.919.5
183Abbott LaboratoriesHealthcare Equipment and Services51,5813,9337.624.4-3.919.5
184Dollar TreeRetailing12,7471,75213.724.5-4.219.3
185Merck & Co.Pharmaceuticals, Biotechnology and Life Sciences139,3229,4736.825.2-4.819.2
186CR BardHealthcare Equipment and Services9,1181,14512.610.18.119.0
187Kimco Realty Corp.Real Estate8,2677208.715.32.718.4
189Colgate-Palmolive Co.Household and Personal Products55,0113,4786.319.0-0.818.1
190The Chubb Corp.Insurance22,8072,30110.122.0-3.218.1
191Jabil CircuitTechnology Hardware and Equipment4,3942525.716.11.618.0
192Bed Bath & BeyondRetailing16,5442,26913.714.72.717.9
193The Clorox Co.Household and Personal Products10,6594744.414.62.717.7
194Altria GroupFood, Beverage and Tobacco68,8081,6562.422.0-4.216.9
195United Parcel ServiceTransportation85,7304,9795.817.7-0.816.7
196AccentureSoftware and Services46,8354,6439.918.1-1.216.6
197VeriSignSoftware and Services7,3071,13715.624.9-6.616.6
198Valero Energy Corp.Energy18,5148704.734.3-13.216.6
199Dollar General Corp.Retailing18,2711,2636.927.1-8.416.5
200General Electric Co.Capital Goods243,29113,3225.519.6-2.716.4
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from Septmeber 2011 to September 2013. Includes the 489 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 09/30/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.