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 |
||||||||
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% |
51 |
Rockwell Automation |
Capital Goods |
17,328 |
839 |
4.8 |
32.1 |
4.8 |
38.5 |
52 |
Lam Research Corp. |
Semiconductors and Semiconductor Equipment |
10,957 |
1,201 |
11.0 |
23.0 |
12.6 |
38.5 |
53 |
Celgene Corp. |
Pharmaceuticals, Biotechnology and Life Sciences |
68,776 |
6,264 |
9.1 |
46.8 |
-5.8 |
38.2 |
54 |
O'Reilly Automotive |
Retailing |
15,975 |
2,084 |
13.0 |
23.4 |
11.4 |
37.4 |
55 |
The Walt Disney Co. |
Media |
148,488 |
10,147 |
6.8 |
37.2 |
0.1 |
37.3 |
56 |
Time Warner Cable |
Media |
41,039 |
3,831 |
9.3 |
37.1 |
0.1 |
37.2 |
57 |
Pentair |
Capital Goods |
14,042 |
1,501 |
10.7 |
36.9 |
-0.1 |
36.7 |
58 |
Union Pacific Corp. |
Transportation |
90,421 |
4,309 |
4.8 |
34.5 |
1.7 |
36.7 |
59 |
CVS Caremark Corp. |
Food and Staples Retailing |
88,409 |
8,309 |
9.4 |
31.8 |
3.3 |
36.2 |
60 |
Aon |
Insurance |
26,711 |
3,127 |
11.7 |
36.0 |
0.1 |
36.1 |
61 |
AmerisourceBergen Corp. |
Healthcare Equipment and Services |
16,410 |
1,055 |
6.4 |
37.7 |
-1.3 |
35.9 |
62 |
Schlumberger Limited |
Energy |
153,399 |
4,320 |
2.8 |
25.7 |
7.9 |
35.7 |
63 |
The Interpublic Group of Cos. |
Media |
8,265 |
820 |
9.9 |
31.9 |
2.8 |
35.6 |
64 |
Hess Corp. |
Energy |
31,072 |
3,228 |
10.4 |
37.6 |
-1.5 |
35.6 |
65 |
Texas Instruments |
Semiconductors and Semiconductor Equipment |
51,582 |
5,531 |
10.7 |
28.3 |
5.4 |
35.2 |
66 |
Caterpillar |
Capital Goods |
67,836 |
3,738 |
5.5 |
7.9 |
25.2 |
35.2 |
67 |
E. I. du Pont de Nemours and Co. |
Materials |
60,097 |
2,061 |
3.4 |
19.2 |
13.0 |
34.7 |
68 |
Unum Group |
Insurance |
8,948 |
716 |
8.0 |
29.3 |
3.8 |
34.3 |
69 |
Tyco International |
Commercial and Professional Services |
21,034 |
1,106 |
5.3 |
29.5 |
3.5 |
33.9 |
70 |
KeyCorp |
Banks |
12,658 |
879 |
6.9 |
36.6 |
-2.0 |
33.9 |
71 |
Fidelity National Information Services |
Software and Services |
15,754 |
1,031 |
6.5 |
30.6 |
2.4 |
33.8 |
72 |
Robert Half International |
Commercial and Professional Services |
6,564 |
309 |
4.7 |
27.0 |
5.2 |
33.7 |
73 |
Macy's |
Retailing |
20,912 |
2,872 |
13.7 |
26.2 |
5.8 |
33.6 |
74 |
Comerica |
Banks |
9,113 |
615 |
6.7 |
28.6 |
3.8 |
33.5 |
75 |
Computer Sciences Corp. |
Software and Services |
9,201 |
952 |
10.3 |
55.0 |
-14.0 |
33.4 |
76 |
Ingersoll-Rand |
Capital Goods |
16,872 |
3,031 |
18.0 |
36.9 |
-2.7 |
33.3 |
77 |
Wells Fargo & Co. |
Banks |
276,837 |
11,152 |
4.0 |
27.7 |
3.8 |
32.5 |
78 |
Amphenol Corp. |
Technology Hardware and Equipment |
15,139 |
754 |
5.0 |
31.9 |
0.0 |
31.9 |
79 |
Safeway |
Food and Staples Retailing |
7,909 |
664 |
8.4 |
44.9 |
-9.0 |
31.9 |
80 |
Fiserv |
Software and Services |
15,033 |
1,344 |
8.9 |
31.6 |
0.1 |
31.7 |
81 |
American International Group |
Insurance |
78,958 |
10,446 |
13.2 |
30.6 |
0.8 |
31.6 |
82 |
3M Co. |
Capital Goods |
93,719 |
9,387 |
10.0 |
30.4 |
0.9 |
31.6 |
83 |
American Express Co. |
Diversified Financials |
100,430 |
8,077 |
8.0 |
27.0 |
3.4 |
31.4 |
84 |
Cintas Corp. |
Commercial and Professional Services |
7,637 |
586 |
7.7 |
28.3 |
2.1 |
30.9 |
85 |
Norfolk Southern Corp. |
Transportation |
31,903 |
1,165 |
3.7 |
22.9 |
6.4 |
30.7 |
86 |
Zimmer |
Healthcare Equipment and Services |
17,430 |
1,357 |
7.8 |
28.4 |
1.7 |
30.7 |
87 |
GameStop Corp. |
Retailing |
4,608 |
474 |
10.3 |
44.0 |
-9.4 |
30.6 |
88 |
Becton, Dickinson and Co. |
Healthcare Equipment and Services |
22,856 |
1,101 |
4.8 |
27.1 |
2.7 |
30.5 |
89 |
Discover Financial Services |
Diversified Financials |
28,900 |
2,216 |
7.7 |
34.9 |
-3.3 |
30.4 |
90 |
Autodesk |
Software and Services |
12,847 |
849 |
6.6 |
18.6 |
9.8 |
30.2 |
91 |
Starwood Hotels & Resorts Worldwide |
Consumer Services |
15,517 |
745 |
4.8 |
23.9 |
4.8 |
29.9 |
92 |
Microsoft Corp. |
Software and Services |
344,459 |
12,676 |
3.7 |
18.7 |
9.3 |
29.8 |
93 |
Bristol-Myers Squibb Co. |
Pharmaceuticals, Biotechnology and Life Sciences |
80,390 |
2,024 |
2.5 |
25.5 |
3.7 |
29.8 |
94 |
Harley-Davidson |
Automobiles and Components |
15,253 |
842 |
5.5 |
21.8 |
6.4 |
29.6 |
95 |
Coca-Cola Enterprises |
Food, Beverage and Tobacco |
12,013 |
1,999 |
16.6 |
31.4 |
-1.6 |
29.3 |
96 |
General Growth Properties |
Real Estate |
20,821 |
1,123 |
5.4 |
19.1 |
8.5 |
29.2 |
97 |
Covidien |
Healthcare Equipment and Services |
40,687 |
2,450 |
6.0 |
26.2 |
2.3 |
29.2 |
98 |
Torchmark Corp. |
Insurance |
7,193 |
901 |
12.5 |
29.3 |
-0.4 |
28.8 |
99 |
Illinois Tool Works |
Capital Goods |
36,126 |
4,566 |
12.6 |
27.5 |
0.9 |
28.6 |
100 |
PPG Industries |
Materials |
29,055 |
1,300 |
4.5 |
41.9 |
-9.4 |
28.6 |
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. |