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First-Quarter 2014 Corporate Buyback Scorecard; 151–200

Buyback
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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
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
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%
151The Sherwin-Williams Co.Materials19,7361,4037.140.2-10.924.9
152UnitedHealth Group Healthcare Equipment and Services81,1046,1747.619.94.124.8
153QUALCOMM Technology Hardware and Equipment133,3597,8285.912.510.824.7
154Dun & Bradstreet Corp.Commercial and Professional Services3,6771,02627.925.67.924.7
155KLA-Tencor Corp.Semiconductors and Semiconductor Equipment11,5075214.517.06.624.7
156Microsoft Corp.Software and Services340,24712,5363.714.19.324.6
157The Allstate Corp.Insurance25,2973,55314.035.0-7.824.5
158CA TechnologiesSoftware and Services13,8721,0007.217.15.623.7
159CareFusion Corp.Healthcare Equipment and Services8,38185710.227.3-3.522.9
160U.S. BancorpBanks78,0084,1135.321.11.522.9
161Franklin ResourcesDiversified Financials34,1791,1883.521.71.022.9
162Mondelez InternationalFood, Beverage and Tobacco58,7691,2612.119.82.422.7
163F5 NetworksTechnology Hardware and Equipment7,2196509.0-7.432.322.5
164Kimberly-Clark Corp.Household and Personal Products41,7502,5036.026.4-3.122.5
165The Home DepotRetailing109,30612,64911.633.7-8.522.3
166Emerson Electric Co.Capital Goods46,9592,1744.617.24.322.3
167PfizerPharmaceuticals, Biotechnology and Life Sciences205,02017,3998.524.9-2.521.8
168CaterpillarCapital Goods63,3803,7385.9-4.727.721.8
169Tenet Healthcare Corp.Healthcare Equipment and Services4,17750012.042.6-14.921.3
170Varian Medical SystemsHealthcare Equipment and Services8,69791610.510.010.221.2
171Ball Corp.Materials7,70897112.617.13.321.0
172United Parcel ServiceTransportation89,5265,5826.216.04.320.9
173Accenture Software and Services50,4685,35410.621.1-0.320.8
174Discovery CommunicationsMedia28,3992,2097.834.9-10.520.8
175Motorola SolutionsTechnology Hardware and Equipment16,3352,82417.318.21.820.2
176Oracle Corp.Software and Services182,41321,26111.716.43.220.1
177Abbott LaboratoriesHealthcare Equipment and Services59,4245,1748.723.2-3.419.1
178Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences9,2346226.711.96.419.0
179Capital One Financial Corp.Diversified Financials44,1941,7032.423.0-3.518.8
180General Electric Co.Capital Goods259,54716,8956.519.8-1.018.5
181Allergan Pharmaceuticals, Biotechnology and Life Sciences37,1191,7414.716.81.418.5
182Monster Beverage Corp.Food, Beverage and Tobacco11,5907956.913.14.718.4
4Tesoro Corp.Energy6,6275618.541.5-16.518.2
184ConocoPhillipsEnergy86,2563,1993.713.73.617.7
185Reynolds AmericanFood, Beverage and Tobacco28,6591,5995.617.10.217.3
186Monsanto Co.Materials59,7191,9923.320.3-2.617.3
187PraxairMaterials38,4321,3243.411.15.417.1
188International Paper Co.Materials20,1329004.523.4-5.216.9
189Schlumberger LimitedEnergy127,3783,1452.511.84.516.8
190AFLACInsurance28,6701,3424.719.6-2.516.7
191Joy GlobalCapital Goods5,8083365.8-17.741.716.6
192People's United FinancialBanks4,44562814.111.74.316.5
193Dr Pepper Snapple GroupFood, Beverage and Tobacco10,8128658.018.1-1.716.2
194Fossil GroupConsumer Durables and Apparel6,29690514.43.012.515.9
195AirgasMaterials7,8786007.616.66-0.915.6
196The GapRetailing17,9072,21712.437.3-15.915.5
197Colgate-Palmolive Co.Household and Personal Products59,4643,4545.819.5-3.515.3
198MeadWestvaco Corp.Materials6,2954316.820.4-4.315.2
199Murphy Oil Corp.Energy11,2791,0008.912.52.315.0
200Patterson Cos.Healthcare Equipment and Services4,3402906.715.4-1.014.3
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.