Buyback Scorecard |
The table below ranks the 274 companies in the S&P 500 that bought back at least 4 percent of their shares from June 30, 2012, through June 30, 2014. 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 |
|
$47,210 |
$3,341 |
8.5% |
24.7% |
0.0% |
24.5% |
|
Median |
|
$21,878 |
$1,619 |
7.4% |
24.9% |
0.1% |
24.0% |
101 |
Ball Corp. |
Materials |
8,738 |
958 |
11.0 |
20.2 |
6.9 |
28.5 |
102 |
Johnson & Johnson |
Pharmaceuticals, Biotechnology and Life Sciences |
295,980 |
17,687 |
6.0 |
29.3 |
-0.7 |
28.4 |
103 |
Marsh & McLennan Cos. |
Insurance |
28,480 |
1,172 |
4.1 |
27.1 |
1.1 |
28.4 |
104 |
Hasbro |
Consumer Durables and Apparel |
6,887 |
406 |
5.9 |
28.2 |
0.1 |
28.3 |
105 |
CR Bard |
Healthcare Equipment and Services |
10,906 |
1,560 |
14.3 |
20.7 |
6.1 |
28.1 |
106 |
Time Warner |
Media |
61,967 |
5,831 |
9.4 |
40.9 |
-9.2 |
28.0 |
107 |
Agilent Technologies |
Pharmaceuticals, Biotechnology and Life Sciences |
19,143 |
1,194 |
6.2 |
18.5 |
7.9 |
27.9 |
108 |
Reynolds American |
Food, Beverage and Tobacco |
32,376 |
1,198 |
3.7 |
23.8 |
3.0 |
27.6 |
109 |
Twenty-First Century Fox |
Media |
77,522 |
5,606 |
7.2 |
41.1 |
-9.7 |
27.4 |
110 |
AutoZone |
Retailing |
17,481 |
2,779 |
15.9 |
17.8 |
8.1 |
27.4 |
111 |
Avery Dennison Corp. |
Materials |
4,879 |
455 |
9.3 |
33.5 |
-4.8 |
27.1 |
112 |
Mondelez International |
Food, Beverage and Tobacco |
63,616 |
1,513 |
2.4 |
23.3 |
2.9 |
26.9 |
113 |
Rockwell Collins |
Capital Goods |
10,588 |
704 |
6.6 |
24.7 |
1.8 |
26.9 |
114 |
Viacom |
Media |
37,279 |
7,344 |
19.7 |
36.7 |
-7.2 |
26.8 |
115 |
Huntington Bancshares |
Banks |
7,897 |
481 |
6.1 |
24.4 |
1.8 |
26.7 |
116 |
Cigna Corp. |
Healthcare Equipment and Services |
24,708 |
2,240 |
9.1 |
37.1 |
-7.7 |
26.5 |
117 |
QUALCOMM |
Technology Hardware and Equipment |
133,680 |
8,805 |
6.6 |
16.7 |
8.4 |
26.5 |
118 |
BlackRock |
Diversified Financials |
54,057 |
2,415 |
4.5 |
33.8 |
-5.5 |
26.4 |
119 |
Honeywell International |
Capital Goods |
71,791 |
1,941 |
2.7 |
30.3 |
-3.1 |
26.2 |
120 |
UnitedHealth Group |
Healthcare Equipment and Services |
80,104 |
6,382 |
8.0 |
19.0 |
6.0 |
26.1 |
121 |
Medtronic |
Healthcare Equipment and Services |
63,517 |
4,395 |
6.9 |
29.9 |
-2.9 |
26.1 |
122 |
MasterCard |
Software and Services |
85,842 |
6,099 |
7.1 |
32.5 |
-4.9 |
26.1 |
123 |
Comcast Corp. |
Media |
139,405 |
5,000 |
3.6 |
33.9 |
-5.9 |
26.0 |
124 |
Starbucks Corp. |
Consumer Services |
58,252 |
1,717 |
2.9 |
16.1 |
8.5 |
26.0 |
125 |
Pall Corp. |
Capital Goods |
9,366 |
522 |
5.6 |
24.7 |
1.0 |
25.9 |
126 |
The Bank of New York Mellon Corp. |
Diversified Financials |
42,741 |
2,293 |
5.4 |
28.3 |
-1.9 |
25.8 |
127 |
Dr Pepper Snapple Group |
Food, Beverage and Tobacco |
11,504 |
904 |
7.9 |
20.8 |
4.1 |
25.8 |
128 |
The Allstate Corp. |
Insurance |
25,484 |
3,421 |
13.4 |
33.9 |
-6.1 |
25.7 |
129 |
Merck & Co. |
Pharmaceuticals, Biotechnology and Life Sciences |
169,059 |
11,535 |
6.8 |
26.4 |
-0.5 |
25.7 |
130 |
Fifth Third Bancorp |
Banks |
18,026 |
2,144 |
11.9 |
27.9 |
-1.7 |
25.7 |
131 |
Marathon Petroleum Corp. |
Energy |
22,534 |
4,441 |
19.7 |
53.4 |
-18.3 |
25.3 |
132 |
Intuit |
Software and Services |
22,861 |
1,889 |
8.3 |
17.1 |
6.9 |
25.1 |
133 |
Eastman Chemical Co. |
Materials |
13,203 |
600 |
4.5 |
35.1 |
-7.4 |
25.0 |
134 |
Joy Global |
Capital Goods |
6,166 |
344 |
5.6 |
-1.9 |
27.3 |
24.9 |
135 |
Amgen |
Pharmaceuticals, Biotechnology and Life Sciences |
89,609 |
2,859 |
3.2 |
31.5 |
-5.4 |
24.4 |
136 |
CSX Corp. |
Transportation |
30,944 |
1,044 |
3.4 |
18.9 |
4.5 |
24.2 |
137 |
Invesco |
Diversified Financials |
16,334 |
755 |
4.6 |
28.6 |
-3.5 |
24.2 |
138 |
Nike |
Consumer Durables and Apparel |
68,100 |
3,889 |
5.7 |
19.6 |
3.6 |
23.9 |
139 |
United Technologies Corp. |
Capital Goods |
105,837 |
1,870 |
1.8 |
26.2 |
-1.8 |
23.9 |
140 |
Oracle Corp. |
Software and Services |
180,557 |
20,834 |
11.5 |
23.0 |
0.7 |
23.8 |
141 |
AutoNation |
Retailing |
7,125 |
293 |
4.1 |
25.7 |
-1.5 |
23.8 |
142 |
KLA-Tencor Corp. |
Semiconductors and Semiconductor Equipment |
12,046 |
514 |
4.3 |
19.3 |
3.5 |
23.5 |
143 |
Wyndham Worldwide Corp. |
Consumer Services |
9,640 |
1,191 |
12.4 |
23.5 |
0.0 |
23.5 |
144 |
F5 Networks |
Technology Hardware and Equipment |
8,439 |
751 |
8.9 |
-4.0 |
28.4 |
23.2 |
145 |
Morgan Stanley |
Diversified Financials |
63,732 |
1,691 |
2.7 |
43.4 |
-14.1 |
23.1 |
146 |
Prudential Financial |
Insurance |
41,012 |
1,388 |
3.4 |
30.7 |
-5.9 |
23.0 |
147 |
Capital One Financial Corp. |
Diversified Financials |
47,213 |
2,014 |
4.3 |
22.4 |
0.1 |
22.5 |
148 |
Visa |
Software and Services |
132,405 |
9,050 |
6.8 |
33.5 |
-8.3 |
22.5 |
149 |
CBS Corp. |
Media |
35,497 |
4,928 |
13.9 |
37.2 |
-11.0 |
22.2 |
150 |
Expedia |
Retailing |
10,226 |
760 |
7.4 |
35.0 |
-9.6 |
22.0 |
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2012 to June 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/01/2014. 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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