5 Companies Reach Yearly Highs

A number of prestigious companies have reached their 52-week highs

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Oct 25, 2016
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According to GuruFocus' list of 52-week highs, these guru stocks have reached their 52-week highs.

Covidien PLC (COV, Financial) reached the 52-week high of $106.71

The company is engaged in the development, manufacture and sale of health care products for use in clinical and home settings. Its products are found in almost every hospital in the United States. Its mission is to create and deliver innovative healthcare solutions, developed in ethical collaboration with medical professionals. It operates through two segments: Medical Devices and Medical Supplies.

The price of Covidien shares has reached $106.71, which is 1.7% off the 52-week high of $108.57. Covidien has a market cap of $46.31 billion; its shares were traded around $106.71. The trailing 12-month dividend yield is 1.30%.

The company recently reported a net revenue of $2.4 billion for the second quarter of 2016, up 7% over last year. In addition, a diluted EPS of $1.91 and second quarter adjusted EPS of $2.31 was reported, up 11% over last year. Lastly, operating income for the quarter was $366.9 million, compared to $323.3 million in the second quarter of 2015.

Associated Banc-Corp (ASBPRD, Financial) reached the 52-week high of $25.28

The company, through its banking and non-banking subsidiaries, provides banking and related financial services to consumer and commercial customers. The company owns one nationally chartered commercial bank in Green Bay, Wisconsin, which serves local communities across the upper Midwest, one nationally chartered trust company in Wisconsin, and 10 limited purpose banking and non-banking subsidiaries. The Company operates through three segments including Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management.

The price of Associated Banc-Corp shares has reached $25.28, which is 0.9% off the 52-week high of $25.50. Associated Banc-Corp has a market cap of $151.93 billion; its shares were traded around $25.28 with a price-earning (P/E) ratio of 16.81 and price-sales (P/S) ratio of 2.87. Associated Banc-Corp had an annual average earnings growth of 61.70% over the past 5 years.

The company has reported a net income available to common equity of $52 million, or 34 cents per common share, for the most recent quarter ended Sept. 30. This compares to net income available to common equity of $47 million, or 31 cents per common share, for both the quarters ended June 30, 2016 and September 30, 2015.

Fleetcor Technologies Inc. (FLT, Financial) reached the 52-week high of $173.70

The company is an independent provider of payment products and services. The company offers fuel cards, commercial payment and data solutions, stored value solutions and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. Its payment programs enable the customers to manage and control their commercial payments, card programs, and employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. The company also provides a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments.

The price of Fleetcor Technologies shares has reached $173.70, which is 0.7% off the 52-week high of $174.96. Fleetcor Technologies has a market cap of $21.01 billion; its shares were traded around $173.70 with a P/E ratio of 41.56 and P/S ratio of 9.55. Fleetcor Technologies had an annual average earnings growth of 30.8% over the past 5 years.

The company has reported total revenues increased 3% to $417.9 million in the second quarter of 2016 compared to $404.6 million in the second quarter of 2015. GAAP net income increased 16% to $114.2 million in the second quarter of 2016 compared to $98.7 million in the second quarter of 2015. GAAP net income per diluted share increased 15% to $1.21 in the second quarter of 2016 compared to $1.05 per diluted share in the second quarter of 2015.

PayPal Holdings Inc. (PYPL, Financial) reached the 52-week high of $44.15

The company enables digital and mobile payments on behalf of consumers and merchants. It provides simple, affordable, secure and reliable financial services and digital payments to help customers to achieve their financial goals. The company provides safer and simpler ways for businesses of all sizes to accept payments from merchant websites, mobile devices and applications, and at offline retail locations through payment solutions. It also facilitates person to person payments through PayPal, Venmo and Xoom. The company's combined payment solution capabilities include PayPal, PayPal Credit, Braintree, Venmo and Xoom products, comprising its Payments Platform.

The price of PayPal  shares has reached $44.15, which is 0.2% off the 52-week high of $44.24. Paypal has a market cap of $53.29 billion; its shares were traded around $44.15 with a P/E ratio of 39.77 and P/S ratio of 5.40.

For the third quarter of 2016, the company reported revenue growth of 18% to $2.667 billion, or 21% on a foreign currency neutral (FX-neutral) basis, a GAAP operating margin of 13% with non-GAAP operating margin of 18%, a GAAP earnings per diluted share (EPS) growth of 8% to 27 cents and non-GAAP EPS growth of 14% to 35 cents.The company reported operating cash flow of $801 million and free cash flow of $618 million.

Executive Vice Presidend and Chief Commercial Officer Gary J Marino sold 1,726 shares of PayPal stock on Oct. 3 at the average price of $40.87. The price of the stock has increased by 8.03% since.

Western Gas Equity Partners LP (WGP, Financial) reached the 52-week high of $45.87

The company, through its subsidiary, is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil for Anadarko Petroleum Corpand its subsidiaries, as well as third-party producers and customers. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-Central Pennsylvania and Texas.Â

The price of Western Gas Equity Partners shares has reached $45.87, which is 0.6% off the 52-week high of $46.14. Western Gas Equity Partners has a market cap of $10.04 billion; its shares were traded around $45.87 with a P/E ratio of 45.87 and P/S ratio of 6.12. The trailing 12-month dividend yield is 3.58%. The forward dividend yield is 3.90%.

The company has reported that net income (loss) available to limited partners for the second quarter of 2016 totaled $83.0 million, or 55 cents per common unit (diluted), with second quarter 2016 adjusted EBITDA of $250.6 million and distributable cash flow of $199.3 million.

Note: I do not own these stocks.

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