Second-Quarter 2014 Corporate Buyback Scorecard; 251–274

September 19, 2014

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. 251-274.

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 1—50\| 51—100\| 101—150\| 151—200\| 201—250\| 251—274
	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%
251	Dollar Tree	Retailing	11,263	1,376	12.2	1.6	0.9	2.5
252	CH Robinson Worldwide	Transportation	9,468	1,010	10.7	0.9	1.5	2.4
253	Philip Morris International	Food, Beverage and Tobacco	132,609	11,710	8.8	3.9	-1.9	1.9
254	Fossil Group	Consumer Durables and Apparel	5,594	914	16.3	5.1	-3.4	1.6
255	Altera Corp.	Semiconductors and Semiconductor Equipment	10,889	724	6.7	0.2	1.1	1.3
256	Quest Diagnostics	Healthcare Equipment and Services	8,480	1,194	14.1	2.6	-2.1	0.5
257	Discovery Communications	Media	21,191	2,308	10.9	22.3	-18.9	-0.8
258	International Business Machines Corp.	Software and Services	183,478	31,680	17.3	-0.9	1.7	0.8
259	Citigroup	Banks	143,080	2,463	1.7	26.1	-22.7	-2.5
260	NetApp	Technology Hardware and Equipment	11,814	2,440	20.7	1.6	-5.1	-3.6
261	Staples	Retailing	7,009	507	7.2	-5.4	1.2	-4.2
262	Target Corp.	Retailing	36,723	2,206	6.0	3.9	-9.4	-5.8
263	eBay	Software and Services	63,443	5,114	8.1	14.2	-18.0	-6.4
264	Bed Bath & Beyond	Retailing	11,588	2,252	19.4	-5.1	-1.9	-6.9
265	Citrix Systems	Software and Services	10,250	2,058	20.1	-12.2	5.5	-7.4
266	Mattel	Consumer Durables and Apparel	13,221	653	4.9	13.6	-18.7	-7.6
267	PetSmart	Retailing	5,933	829	14.0	3.0	-10.4	-7.8
268	Ralph Lauren Corp.	Consumer Durables and Apparel	14,208	970	6.8	0.2	-8.2	-8.0
269	Navient Corp.	Diversified Financials	7,487	720	9.6	15.9	-21.3	-8.8
270	Intuitive Surgical	Healthcare Equipment and Services	15,815	2,332	14.7	-14.7	4.9	-10.6
271	Urban Outfitters	Retailing	4,664	364	7.8	11.9	-23.9	-14.8
272	Teradata Corp.	Software and Services	6,340	806	12.7	-20.7	0.9	-20.1
273	Coach	Consumer Durables and Apparel	9,374	925	9.9	-18.7	-1.9	-20.3
274	Whole Foods Market	Food and Staples Retailing	14,199	603	4.2	1.4	-21.7	-20.5
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.