Market Overview

25 Companies That Could Still Buy Back Mountains Of Stock

Share:
25 Companies That Could Still Buy Back Mountains Of Stock
Related AAPL
Wonderful Wearables Get Their Own ETF
Some Big-Name Equity Analysts Are Switching Teams
A Hidden Gem, InvenSense Takeout, Buy Facebook? - Eye On Tech (Seeking Alpha)
Related AIG
10 Notable Stocks Trading Ex-Dividend Tuesday, December 6
Insurance Stocks May Have Risen Too Far Too Fast
Everything You Know Has Changed (Seeking Alpha)

In a massive new report, Aranca takes a close look at the companies that have been the most aggressive in buying back shares of their own stock.

The most recent complete data from Q3 2015 shows that the buyback frenzy among S&P 500 stocks continued its expansion in Q3, up 9.7 percent sequentially and 4.9 percent year-over-year to a record $245.7 billion.

Aranca expects this trend will continue in 2016. “Going forward for 2016, S&P 500 companies continue to have sufficient cash worth $1.78 trillion (non-financial companies), up from $1.73 trillion in mid-2015 to continue with theur generous trend of shareholder payout,” the firm says in its report.

Related Link: How To Get Instant Global Diversification From A Single Investment

The S&P 500 buyback index once again outperformed its benchmark in 2015, and Aranca’s data suggests that trend will continue in 2016 as well.

Here’s a look at 25 top buyback stocks to watch in coming years:

  • Exxon Mobil Corporation (NYSE: XOM)- The company is currently authorized for about $1 billion in buybacks every quarter.
  • Apple Inc. (NASDAQ: AAPL)- The company has been one of the most aggressive in terms of buybacks, purchasing $34 billion of its own stock in the past year.
  • Microsoft Corporation (NASDAQ: MSFT)- Over the past decade, the company has $123.7 billion in buybacks.
  • Gilead Sciences, Inc. (NASDAQ: GILD)- The company has $15.8 billion in buybacks in the last five years.
  • PepsiCo, Inc. (NYSE: PEP)- The company has $13.2 billion remaining in its current buyback authorization.
  • Merk & Co., Inc. (NYSE: MRK)- The company has $7.6 billion in buybacks in the last 12 months alone.
  • Intel Corporation (NASDAQ: INTC)- The company has $34.1 billion in buybacks over the past five years.
  • CVS Health Corp (NYSE: CVS)- The company is authorized for another $9.8 billion in buybacks under its current program.
  • Oracle Corporation (NYSE: ORCL)- The company has more than $47.2 billion in buybacks over the last 10 years.
  • United Technologies Corporation (NYSE: UTX)- The company bought back $4.2 billion in stock in the past year alone.
  • QUALCOMM, Inc. (NASDAQ: QCOM)- The company has $15.2 billion in buybacks in the past five years.
  • Wells Fargo & Co (NYSE: WFC)- Despite the most devastating financial crisis since the Great Depression, the company has $37.5 billion in buybacks in the past decade.
  • Boeing Co (NYSE: BA)- The company has another $7.5 billion in buybacks authorized under its current program.
  • Mondelez International Inc. (NASDAQ: MDLZ)- The company repurchased $2.7 billion of its own stock in the past 12 months.
  • Comcast Corporation (NASDAQ: CMCSA)- The company repurchased $14.3 billion in stock in the past five years.
  • American International Group Inc (NYSE: AIG)- Despite being at the epicenter of the Financial Crisis, the company managed $27.0 billion in buybacks in the past 10 years.
  • EMC Corporation (NYSE: EMC)- The company has $6.1 billion in buybacks authorized under its current program.
  • Illinois Tool Works Inc. (NYSE: ITW)- The company bought back $2.9 billion in the past year.
  • Pfizer Inc. (NYSE: PFE)- The company has more than $41.6 billion in buybacks in the past five years.
  • JPMorgan Chase & Co (NYSE: JPM)- The company is another name that has thrived following the Financial Crisis and has bought back more than $36.2 billion in stock in the past 10 years.
  • Procter & Gamble Co (NYSE: PG)- The company has $5.0 billion in buyback authorization remaining in its current program.
  • Lyondell Basell Industries NV (NYSE: LYB)- The company has $4.1 billion in buybacks in the past year.
  • General Motors Company (NYSE: GM)- After its post-crisis bankruptcy restructuring, the company has re-purchased more than $12.3 billion in stock in the past five years.
  • Hewlett Packard Enterprise Co (NYSE: HPE)- Prior to its recent split, the company had a staggering $64.9 billion in buybacks over the past decade.
  • Yahoo! Inc. (NASDAQ: YHOO)- While the company tries to figure out how to turn around its core business in the next few years, it has $2.7 billion of authorized buybacks remaining in its current program.
  • Disclosure: the author holds no position in the stocks mentioned.

Latest Ratings for AAPL

DateFirmActionFromTo
Oct 2016Goldman SachsMaintainsBuy
Oct 2016Credit SuisseMaintainsOutperform
Oct 2016PiperJaffrayMaintainsOverweight

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Education Buybacks Top Stories Markets Analyst Ratings Best of Benzinga

 

Related Articles (AAPL + AIG)

View Comments and Join the Discussion!