filings.toolsItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed and traded on the New York Stock Exchange under the symbol “DGX.” As of February 1, 2019, we had approximately 2,600 record holders of our common stock; we believe that the number of beneficial holders of our common stock exceeds the number of record holders.
The table below sets forth the information with respect to purchases made by or on behalf of the Company of its common stock during the fourth quarter of 2018.
| ISSUER PURCHASES OF EQUITY SECURITIES | ||||||||||||||
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands) | ||||||||||
| October 1, 2018 – October 31, 2018 | ||||||||||||||
| Share Repurchase Program (A) | 130,414 | $ | 92.01 | 130,414 | $ | 755,124 | ||||||||
| Employee Transactions (B) | 797 | $ | 103.14 | N/A | N/A | |||||||||
| November 1, 2018 – November 30, 2018 | ||||||||||||||
| Share Repurchase Program (A) | 482,952 | $ | 95.24 | 482,952 | $ | 709,126 | ||||||||
| Employee Transactions (B) | 714 | $ | 96.06 | N/A | N/A | |||||||||
| December 1, 2018 – December 31, 2018 | ||||||||||||||
| Share Repurchase Program (A) | 1,365,222 | $ | 85.70 | 1,365,222 | $ | 592,126 | ||||||||
| Employee Transactions (B) | 1,902 | $ | 82.74 | N/A | N/A | |||||||||
| Total | ||||||||||||||
| Share Repurchase Program (A) | 1,978,588 | $ | 88.45 | 1,978,588 | $ | 592,126 | ||||||||
| Employee Transactions (B) | 3,413 | $ | 90.29 | N/A | N/A |
| (A) | Since the share repurchase program's inception in May 2003, our Board of Directors has authorized $8.0 billion of share repurchases of our common stock through December 31, 2018. The share repurchase authority has no set expiration or termination date. |
| (B) | Includes: (1) shares delivered or attested to in satisfaction of the exercise price and/or tax withholding obligations by holders of stock options (granted under the Company's Amended and Restated Employee Long-Term Incentive Plan) who exercised options; and (2) shares withheld (under the terms of grants under the Long-Term Incentive Plan) to offset tax withholding obligations that occur upon the delivery of outstanding common shares underlying restricted share units and performance share units. |
Performance Graph
Set forth below is a line graph comparing the cumulative total shareholder return on Quest Diagnostics' common stock since December 31, 2013 based on the market price of the Company's common stock and assuming reinvestment of dividends, with the cumulative total shareholder return of companies on the Standard & Poor's 500 Stock Index and the S&P 500 Healthcare Equipment & Services Index.
| Closing DGX Price | Total Shareholder Return | Performance Graph Values | |||||||||||||||||||||||
| Date | DGX | S&P 500 | S&P 500 H.C. | DGX | S&P 500 | S&P 500 H.C. | |||||||||||||||||||
| 12/31/2014 | $ | 67.06 | 28.06 | % | 13.69 | % | 25.34 | % | $ | 128.06 | $ | 113.69 | $ | 125.34 | |||||||||||
| 12/31/2015 | $ | 71.14 | 8.35 | % | 1.38 | % | 6.89 | % | $ | 138.75 | $ | 115.26 | $ | 133.97 | |||||||||||
| 12/30/2016 | $ | 91.90 | 31.89 | % | 11.96 | % | (2.69 | )% | $ | 183.01 | $ | 129.05 | $ | 130.37 | |||||||||||
| 12/29/2017 | $ | 98.49 | 9.16 | % | 21.83 | % | 22.08 | % | $ | 199.77 | $ | 157.22 | $ | 159.15 | |||||||||||
| 12/31/2018 | $ | 83.27 | (13.84 | )% | (4.38 | )% | 6.47 | % | $ | 172.12 | $ | 150.33 | $ | 169.44 |
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