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First-Quarter 2014 Corporate Buyback Scorecard; 251–270

Scorecard CFOs Share Their Stock Buyback Secrets Best and Worst Programs Industry Comparisons

The table below ranks the 270 companies in the S&P 500 that bought back at least 4 percent of their shares from March 31, 2012, through March 31, 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—270
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $46,040$3,3498.6%22.3%4.3%27.5%
 Median $21,057$1,5307.2%22.4%3.4%27.4%
251Laboratory Corp. of AmericaHealthcare Equipment and Services8,3771,51818.11.8-3.3-1.6
252Jabil CircuitTechnology Hardware and Equipment3,7122787.5-12.612.3-1.9
253Family Dollar StoresRetailing6,5993194.87.6-9.0-2.1
254International Game TechnologyConsumer Services3,46982723.80.1-2.7-2.6
255Denbury ResourcesEnergy5,77775713.1-7.04.4-2.9
257International Business Machines Corp.Software and Services200,44831,00515.5-0.9-2.5-3.4
258Target Corp.Retailing38,3132,7447.27.5-10.4-3.7
259Philip Morris InternationalFood, Beverage and Tobacco129,38812,30229.53.9-8.6-5.1
260Intuitive SurgicalHealthcare Equipment and Services16,7901,3488.0-7.61.6-6.2
261Marathon Oil Corp.Energy24,5731,0514.33.8-11.6-8.2
262CH Robinson WorldwideTransportation7,7191,00413.0-7.1-1.5-8.5
263MattelConsumer Durables and Apparel13,65255554.116.3-21.3-8.5
264CoachConsumer Durables and Apparel13,7851,0947.9-15.14.7-11.1
265Quest Diagnostics Healthcare Equipment and Services8,3561,21914.6-2.5-9.3-11.6
266Apache Corp.Energy32,7421,5004.6-9.9-1.9-11.6
267Citrix SystemsSoftware and Services10,5555575.3-9.2-3.7-12.6
268Edwards Lifesciences Corp.Healthcare Equipment and Services7,7971,05013.5-3.1-10.0-12.8
269CenturyLinkTelecommunication Services18,9801,94010.2-4.3-9.6-13.4
270Teradata Corp.Software and Services7,8487459.5-13.4-10.8-22.8
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from March 2012 to March 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 03/31/2014. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.