Top 10 Warren Buffett Buyback Stocks

A second Buffett Buyback stock is Procter & Gamble(PG Quote), which plans to buy back up to $30 billion in stock over the next three years. P&G reported a 19.5% increase in quarterly earnings on an 8% growth in revenue. The stock has a P/E of 21 and a PEG of 1.6, with a yield of 2.2%.

Procter & Gamble appears in Supermarket Stocks, a Stockpickr portfolio that also contains Safeway Stores(SWY Quote), which offers a P/E of 16, a PEG of 1.5 and a yield of 0.9%.

Moody's(MCO Quote) is another stock on the Buffett Buyback list. The corporate credit rating agency just implemented a new $2 billion buyback program that will begin after its current buyback plan is completed. The company bought back $500 million of its stock last quarter. Moody's has a P/E of 14, a PEG of 1.3 and a yield of 0.7%.

Moody's is part of another interesting Stockpickr portfolio called Risk-Averse Fast-Growing Underestimated Companies. Other companies in this portfolio include Forward Air(FWRD Quote), a provider of transportation and logistics services that has a P/E of 23 and a PEG of 1.8, as well as Expeditors International of Washington(EXPD Quote), another logistics and transportation company. Expeditors has a P/E of 38 and a PEG of 2.0.

There are several other stocks where you might have a savvy investor coupled with a buyback. Check out the entire list -- including Bank of America(BAC Quote) -- at Warren Buffett Buyback Stocks portfolio at Stockpickr.com.