Investing

The Top 20 S&P 500 Companies Buying Back Stock in 2017

Johnson & Johnson (NYSE: JNJ) remains active in buybacks and was the fifth largest of the S&P 500 in the first quarter of 2017. The company spent $3.342 billion in the first quarter and $9.939 billion in the trailing 12 months. That comes to a total of $41.2 billion over five years and $58.45 billion over the past 10.

At $136.14 a share today, Johnson & Johnson has a market cap of $366 billion. Its 52-week range is $109.32 to $136.21 and its consensus target price is $131.83.

Aetna Inc. (NYSE: AET) was number six in S&P 500 stock buybacks with a spend of $3.3 billion in the first quarter. That was the same amount for the trailing 12-months, but Aetna has spent $7.3 billion in the past five years and just over $15 billion in the past 10 years.

Shares of Aetna were trading at $154.19. The current market cap is $51 billion. The 52-week range is $104.59 to $154.27 and the consensus target price is $152.47

JPMorgan Chase & Co. (NYSE: JPM) was barely the king of the money center banks in buybacks and that made it the seventh largest buyback in the first quarter. JPMorgan spent $2.832 in quarter on buybacks and has spent $10.218 over the past year. It has spent a sum of $28.5 billion over the past five years and $44.8 billion over the past decade.

JPMorgan was recently at $86.87, in a 52-week range is $57.05 to $93.98. Its consensus target price is $94.04. It currently has a total addressable market cap of $308 billion.

Bank of America Corp. (NYSE: BAC) was the eighth largest buyback of the first quarter at $2.728 billion. That brought the longer-term stock buyback total to $6.84 billion in the past 12 months, $15.1 billion over the past five years and $16.4 billion over the trailing 10 years. As a reminder, Bank of America had been more restricted by regulators on returning capital up until this past year, and it may be more aggressive ahead.

Shares of Bank of America were last seen at $22.97, with a consensus price target of $26.00 and a 52-week range of $12.05 to $25.80. The market cap is $228 billion.

Wells Fargo & Co. (NYSE: WFC) was the ninth largest S&P 500 stock buyback in the first quarter at $2.534 billion. That took its total dollars spent on stock buybacks to $8.6 billion over the trailing year, $38.44 billion over five years and $48.64 billion over the past 10 years.

At $52.23 a share today, Wells Fargo currently has a market cap of $261 billion. Its 52-week range is $43.55 to $59.99 and its consensus target price is $57.59.

Boeing Co. (NYSE: BA) ranked 10th on the list of first quarter buybacks at $2.5 billion. It spent a total of $6.0 billion over the trailing year, and its total buyback dollars spent were $24.05 billion over five years and $29.45 billion over 10.

Shares of Boeing were last trading at $199.79. The company currently has a market cap of $120 billion. Its 52-week range is $122.35 to $201.24 and its consensus analyst target is $190.77.

Citigroup Inc. (NYSE: C) is also playing catch up after being somewhat restricted by regulators on returning capital to shareholders. Citi was the 11th highest buyback in the first quarter at $2.255 billion. Its one-year buyback totaled $10.241 billion, versus a total of $20.78 billion over five years and $22.55 billion over 10.

Citigroup recently traded at $63.69, in a 52-week range of $38.31 to $65.40. The consensus target price is $65.32. The total addressable market cap is $174 billion.

Wal-Mart Stores Inc. (NYSE: WMT) was the 12th largest S&P buyback at $2.185 billion in the first quarter. That is a total one-year spend of $7.748 billion on buybacks, and $25.2 billion over five years and $60.1 billion over 10 years.

Shares of Walmart were last seen at $75.43, with a consensus price target of $80.49 and a 52-week range of $65.28 to $80.47. The company currently has a market cap of $229 billion.

Microsoft Corp. (NASDAQ: MSFT) was the lucky 13th largest S&P 500 buyback in the first quarter. It spent $2.062 billion in the first quarter, and that came to a total of $13.7 billion for the trailing 12-month period. Microsoft has now spent a total of $54.1 billion on buybacks in the past five years, and $110.1 billion in buybacks over the past 10 years.

At $69.98 a share, Microsoft has a market cap of $540 billion. Its 52-week range is $48.04 to $72.89, and its consensus analyst target price is $74.73.

Walt Disney Co. (NYSE: DIS) was the 14th largest S&P stock buyback at $2.035 billion in the first quarter of 2017. Its one-year tally for buybacks was $6.608 billion, and that makes for $29.05 billion total in five years and $46.6 billion over 10 years. After buying Marvel, Pixar and Star Wars, maybe buying growth might be more important than using all its cash buying back stock.

Shares of Disney were last trading at $104.50. The company currently has a market cap of $163 billion. Its 52-week range is $90.32 to $116.10, and its consensus target price is $118.00.