Numerous Companies Hit 52-Week Highs

GuruFocus.com
0

- By yifan900

According to GuruFocus, these guru stocks have reached their 52-week highs.

Seagate Technology reached the 52-week high of $39.82

Seagate Technology PLC (STX) is a provider of electronic data storage solutions. Its products include hard disk drives, commonly referred to as disk drives, hard drives or HDDs. Hard disk drives are devices that store digitally encoded data on rapidly rotating disks with magnetic surfaces. It produces electronic data storage products addressing enterprise applications and more.


The price of Seagate Technology shares has reached $39.82, which is -0.9% off the 52-week high of $39.48. Seagate Technology has a market cap of $11.73 billion; its shares were traded around $39.82 with a price-earnings (P/E) ratio of 31.61 and price-sales (P/S) ratio of 1.08. Seagate Technology's trailing 12-month dividend yield is 6.33%. The forward dividend yield is 6.41%. Seagate Technology had an annual average earnings growth of 3.80% over the past five years.

The company reported revenue of $2.8 billion, gross margin of 28.6%, net income of $167 million and diluted earnings per share of 55 cents for the first fiscal quarter of 2017. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 29.5%, net income of $299 million and diluted earnings per share of 99 cents.

Senior Vice President and General Counsel Regan J. MacPherson sold 3,091 shares for $38.4 per share on Nov. 16. The stock price has increased by 3.7% since.

Royal Bank of Canada reached the 52-week high of $66.37

Royal Bank of Canada (RY) is a financial services company that provides personal and commercial banking. It operates in five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services and Capital Markets. It provides financial products and services to individual and business clients. The company serves retail and corporate customers and public institutions.

The price of Royal Bank of Canada shares has reached $66.37, which is -2.5% off the 52-week high of $64.68. Royal Bank of Canada has a market cap of $98.57 billion; its shares were traded around $66.37 with a P/E ratio of 13.08 and P/S ratio of 3.57. Royal Bank of Canada's trailing 12-month dividend yield is 3.73%. The forward dividend yield is 3.84%. Royal Bank of Canada had an annual average earnings growth of 7.70% over the past 10 years. GuruFocus rated Royal Bank of Canada the business predictability rank of 4.5-star.

The company has reported a net income of $2.895 billion for the third quarter ended July 31 up $420 million or 17% from a year ago and up $322 million or 13% from last quarter. In addition, it announced an increase to its quarterly dividend of 2 cents or 2% to 83 cents per share.

Comerica reached the 52-week high of $60.93

Comerica Inc. (CMA) is a financial services company that operates in three business segments: the Business Bank, the Retail Bank and Wealth Management. The Business Bank is mainly comprised of the several businesses that include middle market, commercial real estate, national dealer services and more. The Retail Bank includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. Wealth Management offers products and services consisting of fiduciary services, private banking, retirement services and more.

The price of Comerica shares has reached $60.93, which is 0.2% off the 52-week high of $61.08. Comerica has a market cap of $10.5 billion; its shares were traded around $60.93 with a P/E ratio of 25.39 and P/S ratio of 3.80. Comerica's trailing 12-month dividend yield is 1.45%. The forward dividend yield is 1.51%. Comerica had an annual average earnings growth of 0.70% over the past 10 years.

The company recently reported third-quarter 2016 net income of $149 million, compared to $104 million for the second quarter and $136 million for the third quarter of 2015. Earnings per diluted share were 84 cents for the third quarter compared to 58 cents for the second quarter and 74 cents for third-quarter 2015.

Executive Vice President Michael T. Ritchie sold 2,362 shares for $50.9 per share on Nov. 2. The stock price has increased by 19.71% since.

State Street reached the 52-week high of $78.59

State Street Corp. (STT) has two lines of businesses: Investment Servicing and Investment Management. Investment Servicing line of business performs core custody and related value-added functions, such as providing institutional investors with clearing, payment and settlement services. The company provides Investment Management services through State Street Global Advisors, or SSgA. SSgA provides a broad array of investment management, investment research and investment advisory services to corporations, public funds and other sophisticated investors.

The price of State Street shares has reached $78.59, which is 0.9% off the 52-week high of $79.27. State Street has a market cap of $30.31 billion; its shares were traded around $78.59 with a P/E ratio of 16.06 and P/S ratio of 3.08. State Street's trailing 12-month dividend yield is 1.79%. The forward dividend yield is 1.94%. State Street had an annual average earnings growth of 2.20% over the past 10 years.

The company reported that total revenue was $2.6 billion for the third quarter. In addition, net interest revenue was $537 million. Diluted earnings per common share was $1.20.

Senior Vice President, Chief Accounting Officer and Controller Sean P. Newth sold 54 shares for $77.58 per share on Nov. 16. The stock price has increased by 1.3% since.

Level 3 Communications reached the 52-week high of $56.96

Level 3 Communications Inc. (LVLT) is a facilities-based provider of a range of integrated communications services that owns or leases a substantial portion of the plant, property and equipment necessary to provide its services. It offers Core Network Services including IP and Data Services, Transport and Fiber Services, Voice Services, Colocation and Data Center Services, Security Services and Wholesale Voice Services including Voice Termination and Toll Free. Its geographical segments include North America, Europe, the Middle East and Africa and Latin America.

The price of Level 3 Communications shares has reached $56.96, which is 1.1% off the 52-week high of $57.59. Level 3 Communications has a market cap of $20.5 billion; its shares were traded around $56.96 with a P/E ratio of 5.44 and P/S ratio of 2.51. Level 3 Communications had an annual average earnings growth of 0.20% over the past five years.

The company has reported that total revenue was $2.033 billion for the third quarter compared to $2.062 billion in the second quarter and $2.037 billion, on a reported and modified basis, for third-quarter 2015. In addition, the company generated a net income of $143 million, basic earnings per share of 40 cents and diluted earnings per share of 39 cents. For third-quarter 2015, net income was $1 million. The third quarter 2015 results included a charge of $171 million, or approximately 48 cents earnings per share related to the deconsolidation of the company's Venezuelan subsidiary's operations. Excluding this charge, basic earnings per share was 48 cents per share for the third quarter 2015.

President and CEO Jeffrey K. Storey sold 20,000 shares for $51 per share on Oct. 27. The stock price has increased by 11.69% since.

Note: I do not own these stocks.

Start a free seven-day trial of Premium Membership to GuruFocus.

This article first appeared on GuruFocus.


Advertisement

Recommended Stories