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5 Companies Hit 52-Week Highs

According to the GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.

Huntington Bancshares Inc. reached the 52-week high of $15.21

Huntington Bancshares Inc. (NASDAQ:HBAN) is a regional bank holding company headquartered in Columbus, Ohio. The bank has a network of branches and ATMs across eight Midwestern states. Founded in 1866, The Huntington National Bank and its affiliates provide consumer, small business, commercial, treasury management, wealth management, brokerage, trust and insurance services. Huntington also provides auto dealer, equipment finance, national settlement and capital market services that extend beyond its core states.


The price of Huntington shares has reached $15.21, which is 0.3% off the 52-week high of $15.25. Huntington has a market cap of $15.71 billion; its shares were traded around $15.21 with a price-earnings ratio of 11.88 and a price-sales ratio of 3.45. The trailing 12-month dividend yield is 3.75%. The forward dividend yield is 3.94%.

Huntington reported net income for the 2019 third quarter of $372 million, a decrease of 2% from the year-ago quarter. Earnings per common share for the 2019 third quarter were $0.34, up 3% from the year-ago quarter. Tangible book value per common share was $8.25, a 17% year-over-year increase. Return on average assets was 1.37%, return on average common equity was 13.4% and return on average tangible common equity was 17.3%.

Executive Vice President and Controller Nancy E. Maloney sold 21,558 shares of Huntington stock on November 8, 2019 at $14.87 per share. The price of the stock has increased by 2.29% since.

WellCare Health Plans Inc. reached the 52-week high of $323.62

WellCare Health Plans Inc. (NYSE:WCG) is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York and Illinois. Its key segments are Medicaid health plans, Medicare health plans and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.

The price of WellCare shares has reached $323.62, which is 0.4% off the 52-week high of $325.00. Wellcare has a market cap of $16.29 billion; its shares were traded around $323.62 with a price-earnings ratio of 26.04 and a price-sales ratio of 0.60. Wellcare Health Plans Inc. had an annual average earnings growth of 24.90% over the past 5 years.

WellCare recently reported results for the quarter ended September 30, 2019. As determined under generally accepted accounting principles, net income for the third quarter of 2019 was $241.0 million, or $4.74 per diluted share. Adjusted net income was $279.8 million, or $5.50 per diluted share.

Hormel Foods Corp reached the 52-week high of $45.34

Hormel Foods Corp. (NYSE:HRL) manufactures, sells and distributes a variety of food products, primarily pork and turkey. In addition to commodity meat sales and meat products under its namesake brand, Hormel owns the Spam, Jennie-O Turkey, Skippy, Muscle Milk and Applegate labels. The firm sells the vast majority of its products in the U.S. (94% in fiscal 2017). Over two-thirds of Hormel's fiscal 2017 sales came from perishable (54%) and poultry (19%) items, with the remainder from shelf-stable products.

The price of Hormel Foods shares has reached $45.34, which is 1.1% off the 52-week high of $45.84. Hormel Foods has a market cap of $24.21 billion; its shares were traded around $45.34 with a price-earnings ratio of 25.18 and a price-sales ratio of 2.62. The trailing 12-month dividend yield is 1.85%. The forward dividend yield is 2.05%. Hormel Foods had an annual average earnings growth of 8.10% over the past 10 years. GuruFocus rated Hormel Foods the business predictability rank of 5-star.

Hormel Foods recently reported results for the fourth quarter of fiscal 2019. Net sales were $9.50 billion, down 1% from the previous year, while organic net sales were up 1%. Operating income was $1.20 billion, up 1%. Diluted earnings per share were $1.80, down 3% from $1.86 last year.

Executive Vice President Thomas R. Day sold 30,000 shares of Hormel Foods stock on December 4, 2019, at the price of $45.42 per share. The price of the stock has decreased by 0.18% since.

MGM Resorts International reached the 52-week high of $32.17

MGM Resorts International (NYSE:MGM) is the largest resort operator on the Las Vegas Strip, with 48,000 guest rooms and suites representing about one-third of all units in the market. The company's Vegas properties include Bellagio, MGM Grand, Mandalay Bay, Mirage, Luxor, New York-New York and a 50% ownership stake in CityCenter. Strip revenue constituted approximately 50% of total revenue in 2017. We estimate MGM will open a resort in Japan in 2024. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018.

The price of MGM Resorts shares has reached $32.17, which is 0.2% off the 52-week high of $32.24. MGM Resorts has a market cap of $16.57 billion; its shares were traded around $32.17 with and a price-sales ratio of 1.34. The trailing 12-month dividend yield is 1.59%. The forward dividend yield is 1.62%. MGM Resorts had an annual average earnings growth of 9.30% over the past 5 years.

MGM Resorts recently reported financial results for the quarter ended September 30, 2019. Consolidated net revenues increased 9% compared to the prior-year quarter, climbing to $3.3 billion. Consolidated operating income decreased 42% compared to the prior-year quarter, down to $238 million. Diluted loss per share was $0.08 in the current quarter compared to diluted earnings per share of $0.26 in the prior-year quarter.

Director Keith A. Meister bought 295,000 shares of MGM Resorts International stock on November 15, 2019, at the price of $31.21 per share. The price of the stock has increased by 3.08% since.

Emerson Electric reached the 52-week high of $75.09

Emerson Electric Co. (NYSE:EMR) recently divided its business operations into two segments: Automation Solutions and Commercial and Residential Solutions. The company specializes in large scale automation systems for process-oriented heavy industries, including oil and gas, refining, chemicals and power. Automation products include sensors, valves, flow control and final control, which can combine to remotely operate single to multi-site systems. The company also manufactures air conditioning compressors, electric tools and food disposal products.

The price of Emerson Electric shares has reached $75.09, which is 0.6% off the 52-week high of $75.54. Emerson Electric has a market cap of $45.74 billion; its shares were traded around $75.09 with a price-earnings ratio of 20.25 and a price-sales ratio of 2.53. The trailing 12-month dividend yield is 2.62%. The forward dividend yield is 2.66%. Emerson Electric had an annual average earnings growth of 1.00% over the past 10 years.

Emerson recently reported results for its fourth quarter and fiscal year ended Sept. 30, 2019. Fourth-quarter net sales of $5.0 billion increased 2 percent from the previous year. GAAP earnings per share were $1.16 in the quarter, up 20 percent versus the prior year. Fourth-quarter operating cash flow was up 18 percent to $1.2 billion, and free cash flow was up 40 percent to $1.0 billion.

Senior Vice President Secretary and General Counsel Sara Yang Bosco sold 10,969 shares of Emerson Electric stock on November 8, 2019 at the price of $73.55 per share. The price of the stock has increased by 2.09% since.

Note: I do not own the stocks discussed.

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This article first appeared on GuruFocus.