5 Companies Hit 52-Week Highs

These companies achieve milestones

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Jul 25, 2017
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According to GuruFocus' list, these stocks have reached their 52-week highs.

Western Digital reached the 52-week high of $94.93

Western Digital Corp. (WDC, Financialis the global leader in the hard disk drive market. The company develops, manufactures and provides data storage solutions to consumers, businesses and governments. The company's product portfolio includes hard disk drives, solid-state drives and public and private cloud data center storage solutions. Western Digital's merger with SanDisk positions the company as a broad-based provider of media-agnostic storage solutions, including SSDs.

The price of Western Digital shares has reached $94.93, which is 0.9% off the 52-week high of $95.77. Western Digital has a market cap of $27.65 billion; its shares were traded around $94.93 with a price-sales (P/S) ratio of 1.53.

Western Digital's trailing 12-month dividend yield is 2.10%. The forward dividend yield is 2.11%. Western Digital had an annual average earnings growth of 13.90% over the past 10 years. GuruFocus rated Western Digital the business predictability rank of 2-star.

The company has recently reported revenue of $4.6 billion, operating income of $525 million and net income of $248 million, or 83 cents per share, for its third fiscal quarter ended March 31. The GAAP net income for the period includes charges associated with the company's recent acquisitions. Excluding these charges and after other non-GAAP adjustments, third quarter non-GAAP operating income was $1.0 billion and non-GAAP net income was $716 million, or $2.39 per share. In the year-ago quarter, the company reported revenue of $2.8 billion, operating income of $88 million and net income of $74 million, or 32 cents per share. Non-GAAP operating income in the year-ago quarter was $347 million and non-GAAP net income was $317 million, or $1.35 per share.

President, Chief Strategy Officer and Chief Financial Officer Mark P. Long sold 28,585 shares on July 20 for $94.24 per share. The stock price has increased by 0.73% since.

Fidelity National Financial reached the 52-week high of $47.28

Fidelity National Financial Inc. (FNF, Financial)Â is a title insurance company. It provides title insurance, escrow and other title-related services. The firm also provides technology and transaction services to the real estate and mortgage industries.

Fidelity National Financial has two business groups: FNF Core Operations and FNF Ventures. Core Operations provides title insurance, escrow and other title-related services. It also provides technology and transaction services to the real estate and mortgage industries. FNF Ventures invests in other companies. It has a majority interest in ABRH, a restaurant company that operates restaurants such as Bakers Square and Village Inn. Title insurance premiums comprise close to half of Fidelity's total revenue, and the remaining Core Operations business comprises more than one-third of total company revenue. Almost all remaining revenue is from restaurant sales via FNF Ventures' investments. Substantially all of the company's revenue is generated in the U.S.

The price of Fidelity National Financial shares has reached $47.28, which is 0.7% off the 52-week high of $47.61. Fidelity National Financial has a market cap of $13.99 billion; its shares were traded around $47.28 with a price-earnings (P/E) ratio of 20.65 and a P/S ratio of 1.36.

Fidelity National Financial's trailing 12-month dividend yield is 2.04%. The forward dividend yield is 2.10%. Fidelity National Financial had an annual average earnings growth of 14.80% over the past 5 years.

Fidelity National Financial recently reported the operating results for FNFV Group (FNFV, Financial), a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial for the three- and six-month periods ended June 30. Total revenue was $599 million in the second quarter versus $348 million in the second quarter of 2016. Pretax gain of $269 million from the June closing of the sale of One Digital Health and Benefits. Second quarter diluted EPS of $1.81 versus diluted EPS of 14 cents in the second quarter of 2016. Pretax earnings of $237 million and EBITDA of $256 million for the second quarter compared to pretax earnings of $19 million and EBITDA of $35 million for the second quarter of 2016 and $354 million in holding company cash on June 30.

Executive Vice President Brent B. Bickett sold 58,896 shares for $44.77 per share on June 28. The stock price has increased by 5.61% since.

Amazon.com reached the 52-week high of $1,031.08

Amazon.com Inc. (AMZN, Financialis an online retailer. It sells its products through the Web site that provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets. Amazon is among the world's highest-grossing online retailers with $136 billion in net sales and $282 billion in estimated GMV in 2016. Media products account for 18% of sales, and electronics and other general merchandise make up 72%. The other 10% is derived from Amazon Web Services ($12.2 billion in 2016), advertising, and co-branded credit cards. International segments totaled 32% of sales in 2016. In June the company announced its intention to acquire Whole Foods (WFM, Financial).

The price of Amazon.com shares have reached $1,031.08, which is 0.4% off the 52-week high of $1,034.97. Amazon.com has a market cap of $492.83 billion; its shares were traded around $1,031.08 with a P/E ratio of 193.82 and P/S ratio of 3.51. Amazon.com had an annual average earnings growth of 28.90% over the past 10 years. GuruFocus rated Amazon.com the business predictability rank of 4.5-star.

The company recently announced financial results for its first quarter ended March 31. Operating cash flow increased 53% to $17.6 billion for the trailing 12 months, compared with $11.6 billion for the trailing 12 months ended March 31, 2016. Free cash flow increased to $10.2 billion for the trailing 12 months compared with $6.7 billion for the trailing 12 months ended March 31, 2016. Free cash flow less lease principal repayments increased to $6.2 billion for the trailing 12 months compared with $3.8 billion for the trailing 12 months ended March 31, 2016. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to $3.3 billion for the trailing 12 months compared with $1.9 billion for the trailing 12 months ended March 31, 2016.

CEO Worldwide Consumer Jeffrey A. Wilke sold 710 shares for $985.25 per share on June 28. The stock price has increased by 4.65% since.

Eastman Chemical reached the 52-week high of $85.59

Eastman Chemical Co. (EMN, Financialis a specialty chemical company which manufactures and sells a portfolio of chemicals, plastics and fibers. Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global producer of chemicals, plastics and fibers with manufacturing sites in seven countries. The company generates less than 50% of its sales in the U.S., with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

The price of Eastman Chemical shares has reached $85.59, which is 0.8% off the 52-week high of $86.31. Eastman Chemical has a market cap of $12.48 billion; its shares were traded around $85.59 with a P/E ratio of 14.38 and a P/S ratio of 1.40. Eastman Chemical's trailing 12-month dividend yield is 2.33%. The forward dividend yield is 2.38%.

Eastman Chemical had an annual average earnings growth of 11.90% over the past 10 years. GuruFocus rated Eastman Chemical the business predictability rank of 3-star.

The company recently announced reported earnings of $1.89 per diluted share for first-quarter 2017 versus $1.69 per diluted share for first-quarter 2016. Adjusted earnings were $1.83 per diluted share for first-quarter 2017 versus $1.71 per diluted share for first-quarter 2016.

Avangrid reached the 52-week high of $45.77

Avangrid Inc. (AGR, Financial)Â is an energy services holding company. Through its subsidiaries the company is engaged in the regulated energy distribution, renewable energy generation (Renewables) and gas businesses (Gas), collectively (Renewables and Gas). The company operates in three segments including Networks, Renewables and Gas.

The price of Avangrid shares has reached $45.77, which is 0.8% off the 52-week high of $46.13. Avangrid has a market cap of $14.15 billion; its shares were traded around $45.77 with a P/E ratio of 20.90 and P/S ratio of 2.35. Avangrid's trailing 12-month dividend yield is 3.77%. The forward dividend yield is 3.82%.

Avangrid reported a consolidated net income of $120 million, or 39 cents per share, for the second quarter ended June 30 compared to $102 million, or 33 cents per share, for the same period in 2016, a 17% increase in net income. For the first six months of 2017, consolidated net income was $359 million, or $1.16 per share, compared to $314 million, or $1.01 per share, for the first six months of 2016, a 14% increase in net income.

Director Alan D. Solomont bought 113 shares on July 3 for $44.26. The stock price has increased by 3.41% since.

Disclosure: I do not own these stocks.