20 Companies Buying Back the Most Stock in 2016
In the first calendar quarter of 2016, Oracle Corp. (NYSE: ORCL) spent $2.214 billion buying back common shares. That made for a trailing year tally of $10.557 billion.
The most recent close of $40.02 came with a market cap of $166 billion. The consensus price target is $43.82, and Oracle has a 52-week range of $33.13 to $42.00. The dividend yield is 1.5%.
The former Google, Alphabet Inc. (NASDAQ: GOOGL), has only just recently started spending money on stock buybacks, and it pays no dividend. The king of search (and other things) spent $2.098 billion buying back stock in the first quarter, and that made for a total of $3.878 billion for buybacks in the trailing 12 months. That may have come close to offsetting Sergey and Larry’s insider selling of Alphabet shares.
Alphabet most recently closed at $710.47, with a market cap of $488 billion. Its consensus price target is $911.18, and it has a 52-week trading range of $539.54 to $810.35.
The $2.066 billion that CVS Health Corp. (NYSE: CVS) spent on buybacks in the first quarter was part of the total of $5.06 billion spent in the trailing 12 months.
Shares of CVS closed at $93.74, with a market cap of $101 billion. The consensus price target is $113.60. The 52-week trading range is $81.37 to $113.65. The pharmacy and prescription benefits management outfit has a dividend yield of 1.8%.
In the first calendar quarter of 2016, Walt Disney Co. (NYSE: DIS) spent $2.039 billion, but that made for a total of $8.698 billion in the trailing 12-month period ending March 31. Over the past decade or so, Disney has spent billions acquiring Star Wars for $4 billion, Marvel for $4 billion and Pixar for $7.4 billion.
Disney shares closed at $98.79, with a market cap of $160 billion. Its consensus price target is $109.11, and the 52-week range is $86.25 to $122.08. The entertainment giant has a dividend yield of 1.4%.
Wells Fargo & Co. (NYSE: WFC) remains a serial buyback giant. In fact, Warren Buffett’s on and off buying through time, along with the buybacks, now have the Oracle of Omaha at or very close to the 10% ownership threshold. Wells Fargo spent $2.029 billion in the first quarter on buybacks, for a total 12-month trailing buyback tab of $8.134 billion.
The stock closed at $46.97, with a market cap of $239 billion. Its consensus price target is $54.80, and it has a 52-week range of $44.50 to $58.77. The dividend yield is 3.3%.
The buybacks at Visa Inc. (NYSE: V) were slightly above average. The credit card processing giant spent $1.754 billion in the first quarter for share repurchases, for a total of $4.907 billion in its trailing 12 months.
Shares of Visa closed at $76.54. The consensus price target is $88.81, and the 52-week range is $60.00 to $81.73. The dividend yield is 0.7% and the market cap is $183 billion.