Buybacks Of The Decade (IBM, MSFT, COP, C, T, AXP, WMT, MO, BAC, MCD, DELL, PEP, HPQ)

According to an article on CNBC, investors tend to view buybacks announced as a sign of a company's confidence in its growth prospects. Some of the biggest stock repurchases of the decade are:

Microsoft (NASDAQ: MSFT): The transaction value of MSFT’s buyback of 1.22 billion shares was $36.2 billion. MSFT completed the buyback, announced on July 20, 2006, on August 31, 2008.

Stock Performance

After 3-months: 22%
After 6-months: 33%
During buyback period: 17%

ConocoPhillips (NYSE: COP): The transaction value of COP’s buyback of around 192 million shares was $15.14 billion. COP completed the buyback, announced on January 12, 2007, on December 31, 2008.

Stock Performance
After 3-months: 12%
After 3-months: 38%
During buyback period: -16%

International Business Machines (IBM): IBM repurchased 133 million shares for $5 billion. The buyback, announced on February 26, 2008, was completed on November 30, 2009.

Stock Performance
After 3-months: 13%
After 6-months: 12%
During buyback period: 15%

Citigroup (NYSE: C): C had repurchased 326 million shares for around $15 billion. The company had announced the buyback on April 14, 2005, and completed the transaction on August 31, 2006.

Stock Performance
After 3-Mos: -0.2%
After 6-Mos: -2%
During buyback period: 8%

AT&T (NYSE: T): T repurchased 351 million shares for a total value of around $13.5 billion. The buyback, announced on March 5, 2006, was completed on December 11, 2007.

Stock Performance
After 3-Months: -5%
After 6-Months: 13%
During buyback period: 41%

American Express (NYSE: AXP): The transaction value of AXP’s buyback of 220 million shares was $12.07 billion. AXP completed the buyback, announced on November 18, 2002, on March 31, 2008.

Stock Performance
After 3-months: 20%
After 6-months: 9%
During buyback period: 33%

Wal-Mart Stores (NYSE: WMT): WMT repurchased 223 million shares for $11.6 billion. The buyback, announced on May 31, 2007, completed on June 4, 2009.

Stock Performance
After 3-months: -8%
After 6-months: 2%
During buyback period: 8%

Altria (NYSE: MO): The transaction value of MO’s share buyback of around 216 million was $10 billion. MO completed the buyback, announced on February 1, 2001, on March 31, 2003.

Stock Performance
After 3-months: 14%
After 6-months: 3%
During buyback period: -32%

Bank of America (NYSE: BAC): BAC repurchased 200 million shares for the total value of around $9.31 billion. The buyback, announced on March 22, 2005, was completed on June 30, 2006.

Stock Performance
After 3-months: 6%
After 6-months: -5%
During buyback period: 9%

McDonald's (NYSE: MCD): MCD bought back around 249 million shares for a total value of $8.89 billion. The buyback, announced on October 29, 2001, was completed on September 12, 2007.

Stock Performance
After 3 months: -8%
After 6 months: -1%
During buyback period: 6%

Dell (NASDAQ: DELL): DELL repurchased 214 million shares for a total value of around $8.5 billion. The company had announced the buyback on March 3, 2005, and completed it on September 11, 2006.

Stock Performance
After 3 months: 1%
After 6 months: -13%
During buyback period: -47%

Pepsico Inc (NYSE: PEP): PEP repurchased around 125 million shares for a total value of $8.5 billion. The buyback, announced on May 3, 2006, was completed on August 9, 2008.

PEP’s stock performance
After 3 months: 9%
After 6 months: 9%
During buyback period: 20%

Hewlett-Packard (NYSE: HPQ): HPQ had repurchased 171 million shares for $8 billion. The company had announced the buyback on March 15, 2007, and completed the transaction January 31, 2008.

HPQ’s stock performance:
After 3 months: 15%
After 6 months: 22%
During buyback period: 10%