Investing

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

Procter & Gamble Co. (NYSE: PG) was the 15th largest S&P 500 company buying back stock, with a $2.001 billion spent on buybacks. That was $5.233 billion over one year, $23.98 billion over five years and $58.464 billion spent over 10 years.

P&G was recently trading at $89.13, in a 52-week range of $80.95 to $92.00. The consensus target price is $91.59, and the total addressable market cap is $228 billion.

Intuitive Surgical Inc. (NASDAQ: ISRG) is not known for being a massive buyback company, but ranked as 16th of the S&P 500 buybacks it spent a total of $2.000 billion in the first quarter on buybacks. To show how new it is at the buyback game, Intuitive Surgical’s 12-month buyback tally is $2.034 billion. The company has now spent $4.574 billion buying back stock over five years and $5.254 billion over the trailing 10-year period.

Shares of Intuitive Surgical were last at $958.95, with a consensus price target of $884.47 and a 52-week range of $610.71 to $959.99. The company currently has a market cap of $35 billion.

Bristol-Myers Squibb Co. (NYSE: BMY) was 17th among the S&P 500 buybacks. It spent $2.000 billion the first quarter, the same as the entire trailing 12-months. Its five-year tally buyback is just $4.733 billion, as well as just $6.869 billion over the trailing 10-year period.

At $57.40 share, Bristol-Myers has a market cap of $94 billion. Its 52-week range is $46.01 to $77.12, and its consensus target price is $57.14.

Visa Inc. (NYSE: V) came in 18th place for first-quarter buybacks in the S&P 500 with a tally of $1.582 billion. That trend has slowed some as Visa spent $6.934 billion over the trailing 12 months. Visa’s total buyback tally was $24.07 billion in the past five years and $43.261 billion over the trailing decade.

Visa was last seen at $94.10. The 52-week range is $73.25 to $96.60. The company has a total addressable market cap of $217 billion.

General Electric Co. (NYSE: GE) was the 19th largest S&P 500 buyback of the first quarter at $1.578 billion. Its trailing 12-month buyback tally was $16.681 billion, as it has been aided by prior GE Capital asset sale dollars. GE’s buyback tally is $40.64 billion over the past five years and $63.33 billion over the trailing 10-year period.

GE recently traded at $27.74. The stock has a 52-week range is $27.10 to $33.00 and a consensus target price of $32.14. The total addressable market cap is $241 billion.

Humana Inc. (NYSE: HUM) came in 20th place for S&P 500 companies buying back stock in the first quarter. Humana spent $1.574 in the first quarter, for a 12-month tally of $1.607 billion. Humana has spent only $3.85 billion in buybacks in the trailing five-year period and a total of $4.826 billion over the past 10-year period.

Shares of Humana were trading at $239.69, with a consensus price target of $238.47 and a 52-week range of $150.00 to $239.94. The company currently has a market cap of $34 billion.

Note that all buyback dollars spent data was provided by Standard & Poor’s