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Second-Quarter 2014 Corporate Buyback Scorecard; 1–50

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. 1-50.

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$3,3418.5%24.7%0.0%24.5%
Median$21,878$1,6197.4%24.9%0.1%24.0%
1Keurig Green MountainFood, Beverage and Tobacco20,2791,2626.288.315.2117.0
2Southwest Airlines Co.Transportation18,5831,2206.673.510.591.6
3SanDisk Corp.Technology Hardware and Equipment23,6232,0378.657.89.973.5
4Tyson FoodsFood, Beverage and Tobacco13,1859557.247.911.164.4
5Western Digital Corp.Technology Hardware and Equipment21,6971,6587.659.82.563.9
6Hewlett-Packard Co.Technology Hardware and Equipment63,0273,6345.824.0

32.1

63.77LyondellBasell IndustriesMaterials51,4902,1694.262.6-0.961.28Gilead SciencesPharmaceuticals, Biotechnology and Life Sciences127,3232,6382.176.7-9.659.79Boston Scientific Corp.Healthcare Equipment and Services16,8919755.848.66.558.310Delphi AutomotiveAutomobiles and Components20,8741,0685.153.81.355.711CorningTechnology Hardware and Equipment28,7213,97713.829.820.055.712Halliburton Co.Energy59,9694,8898.245.36.955.413McKesson Corp.Healthcare Equipment and Services43,1251,3933.242.08.854.514The Kroger Co.Food and Staples Retailing23,9742,1428.945.75.854.115General Dynamics Corp.Capital Goods39,9603,4318.634.814.254.016Raytheon Co.Capital Goods28,8611,0883.840.49.353.517Lockheed Martin Corp.Capital Goods50,7233,5597.043.27.053.318MeadWestvaco Corp.Materials7,4304315.826.320.552.219Legg MasonDiversified Financials5,98372412.140.58.252.020MylanPharmaceuticals, Biotechnology and Life Sciences19,2701,5007.851.10.351.521Northrop Grumman Corp.Capital Goods25,6174,43317.345.23.149.722Ameriprise FinancialDiversified Financials22,7863,13613.852.0-2.048.923Valero Energy Corp.Energy26,7351,2884.865.3-10.048.724The Dow Chemical Co.Materials61,9612,4073.929.214.748.225Lincoln National Corp.Insurance13,5679426.950.2-1.747.626Seagate TechnologyTechnology Hardware and Equipment18,5553,56619.247.3-0.446.627Yahoo!Software and Services35,3696,15417.450.8-2.846.628Harris Corp.Technology Hardware and Equipment8,0677249.037.36.746.529Adobe SystemsSoftware and Services35,9901,5504.341.22.644.930WellPointHealthcare Equipment and Services30,0964,57115.225.015.644.531St. Jude MedicalHealthcare Equipment and Services19,6832,00110.232.49.144.532Dover Corp.Capital Goods15,1421,3288.836.35.043.133AllerganPharmaceuticals, Biotechnology and Life Sciences50,3531,8453.730.19.542.634HumanaHealthcare Equipment and Services19,7699234.721.916.942.435AssurantInsurance4,69662813.438.03.042.236L-3 CommunicationsCapital Goods10,4131,50114.436.23.741.237Marriott InternationalConsumer Services18,7662,08611.126.311.340.638McGraw Hill FinancialDiversified Financials22,6011,6097.136.52.940.639Moody's Corp.Diversified Financials18,7334,4497.748.7-5.740.240LorillardFood, Beverage and Tobacco22,1041,3306.022.014.739.941V.F. Corp.Consumer Durables and Apparel27,1101,0193.833.84.439.742TE ConnectivityTechnology Hardware and Equipment25,2761,4645.837.02.039.743Xerox Corp.Software and Services14,4571,87012.928.78.039.044AetnaHealthcare Equipment and Services28,9782,6409.133.83.938.945FLIR SystemsTechnology Hardware and Equipment4,9193296.728.68.138.946AppleTechnology Hardware and Equipment560,33750,8609.13.534.338.947DIRECTVMedia42,6947,94918.631.65.538.948Flowserve Corp.Capital Goods10,2119509.345.4-4.538.949Cardinal HealthHealthcare Equipment and Services23,3241,1234.830.76.038.650NVIDIA Corp.Semiconductors and Semiconductor Equipment10,3451,48714.422.013.638.5Source: 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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