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Second-Quarter 2016 Corporate Buyback Scorecard; Best & Worst Companies

The table below ranks the 305 companies in the S&P 500 that bought back at least 4 percent or more than $1 billion of their shares from June 30, 2014 to June 30, 2016. Numbers 1-10.

The table below ranks the 305 companies in the S&P 500 that bought back at least 4 percent or more than $1 billion of their shares from June 30, 2014 to June 30, 2016. 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亚博赞助欧冠, 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.

The Best and Worst Corporate
股票回购Programs
Best
Company Industry Market Capitalization $ Total Buyback $ Total
Buyback /
Market Cap
Buyback Strategy Buyback Effectiveness Buyback ROI
1 NVIDIA Corp. Semiconductors and Semiconductor Equipment $25,103 $1,410 5.6% 51.0% 18.3% 78.6%
2 Tyson Foods Food, Beverage and Tobacco $25,731 $1,797 7.0% 28.4% 24.4% 59.7%
3 Global Payments Software and Services $10,992 $536 4.9% 46.6% 1.5% 48.9%
4 Fortune Brands Home & Security Capital Goods $8,891 $428 4.8% 20.6% 19.9% 44.6%
5 Sysco Corp. Food and Staples Retailing $28,593 $1,949 6.8% 18.3% 21.9% 44.3%
6 Applied Materials Semiconductors and Semiconductor Equipment $26,107 $3,046 11.7% 6.1% 33.6% 41.8%
7 Avery Dennison Corp. Materials $6,666 $501 7.5% 25.6% 10.8% 39.1%
8 Martin Marietta Materials Materials $12,197 $710 5.8% 20.7% 13.5% 37.0%
9 Masco Corp. Capital Goods $10,295 $743 7.2% 31.2% 2.5% 34.4%
10 Northrop Grumman Corp. Capital Goods $40,111 $5,231 13.0% 34.5% (0.2%) 34.2%

Worst
Company Industry Market Capitalization $ Total Buyback $ Total
Buyback /
Market Cap
Buyback Strategy Buyback Effectiveness Buyback ROI
1 Seagate Technology Technology Hardware and Equipment $7,271 $2,177 29.9% (29.4%) (31.2%) (51.5%)
2 Micron Technology Semiconductors and Semiconductor Equipment $14,270 $1,032 7.2% (35.4%) (16.5%) (46.1%)
3 H&R Block Consumer Services $5,072 $2,065 40.7% (11.4%) (38.7%) (45.7%)
4 Western Digital Corp. Technology Hardware and Equipment $13,301 $1,030 7.7% (28.1%) (22.2%) (44.1%)
5 CF Industries Holdings Materials $5,618 $900 16.0% (20.1%) (24.2%) (39.5%)
6 Chipotle Mexican Grill Consumer Services $11,761 $1,199 10.2% (10.4%) (30.0%) (37.3%)
7 The Gap Retailing $8,445 $1,586 18.8% (25.5%) (15.6%) (37.2%)
8 Macy's Retailing $10,365 $3,110 30.0% (19.4%) (21.3%) (36.6%)
9 Nordstrom Retailing $6,599 $1,535 23.3% (12.5%) (25.7%) (35.0%)
10 国民油井华高 Energy $12,688 $3,000 23.6% (31.8%) (1.4%) (32.8%)

Top Manufacturers of EPS (*)
Company Industry Market Capitalization $ Total Buyback $ Total
Buyback /
Market Cap
Buyback Strategy Buyback Effectiveness Buyback ROI
1 LyondellBasell Industries N.V. Materials $31,757 $9,059 28.5% (3.9%) (1.3%) (5.1%)
2 Monsanto Co. Materials $45,250 $10,004 22.1% (6.2%) 1.4% (4.9%)
3 CBS Corp. Media $24,804 $3,690 14.9% (3.4%) 7.7% 4.0%
4 The Travelers Cos. Insurance $34,414 $6,135 17.8% 13.9% (2.0%) 11.6%
5 Ameriprise Financial Diversified Financials $14,898 $3,381 22.7% (4.9%) (11.0%) (15.3%)
6 Gilead Sciences 制药、生物技术和李fe Sciences $111,101 $22,702 20.4% 7.7% (18.3%) (12.0%)
7 Discover Financial Services Diversified Financials $22,091 $3,585 16.2% (1.6%) (1.6%) (3.2%)
8 Varian Medical Systems Healthcare Equipment and Services $7,829 $1,007 12.9% 0.5% (1.3%) (0.9%)
9 The PNC Financial Services Group Banks $40,640 $4,091 10.1% 2.6% (4.9%) (2.4%)
10 区ns Financial Corp. Banks $10,780 $1,225 11.4% (4.6%) 1.9% (2.8%)
* Manufacturers of EPS considers S&P threshold Cos. with low (negative) Earnings Growth but high reduction in share count to generate positive EPS Growth.

** EPS calculation = Quarterly Reported Net Income / Actual Quarter's Reported Total Shares Outstanding.

Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2014 to June 2016. Includes the 487 members of the current S&P 500 that were public for the full period.

Market Capitalization as of: 6/30/2016.

Cos. Included here if $ Total Buyback / Market Capitalization is greater than 4%