Stocks That Fell to 3-Year Lows in the Week of Oct. 12

Schlumberger Ltd. (SLB), Colgate-Palmolive Co. (CL), Vodafone Group PLC (VOD) and American International Group Inc. (AIG) have declined to their respective three-year lows

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Oct 14, 2018
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Schlumberger Ltd. (SLB, Financial), Colgate-Palmolive Co. (CL, Financial), Vodafone Group PLC (VOD, Financial), and American International Group Inc. (AIG, Financial) have declined to their three-year lows.

Schlumberger Ltd. (SLB, Financial) declined to $59.33

The prices of Schlumberger Ltd. (SLB, Financial) shares have declined to $59.33 on Oct. 12, which is only 1.7% above the 3-year low of $58.30.

Schlumberger Ltd. is the world’s largest oilfield services company that employs more than 100,000 people in more than 85 countries. The company was founded in France but has principal executive offices in all over the world, including in Paris, France, Houston, U.S., London, U.K., the Hague, Netherlands, and Willemstad, Curacao.

Schlumberger Ltd. has a market cap of $84.48 billion; its shares were traded around $59.33 with and P/S ratio of 2.55. The trailing 12-month dividend yield of Schlumberger Ltd. stocks is 3.38%. The forward dividend yield of Schlumberger Ltd. stocks is 3.38%.

On Sept. 24 Schlumberger Ltd. launched the CemFIT Shield mud-sealing cement system at the Society of Petroleum Engineers Annual Technical Conference and Exhibition. The system improves cement bonding in long horizontal wells, which enables it to overcome challenges due to fluid communications behind the casing and to improve isolation between hydraulic fracturing stages.

Colgate-Palmolive Co. (CL, Financial) declined to $62.54

The prices of Colgate-Palmolive Co. (CL, Financial) shares have declined to $62.54 on Oct. 12, which is only 2.0% above the 3-year low of $61.28.

Colgate-Palmolive Co. is an American international consumer products company that focuses on the production and distribution of household, healthcare, pet nutrition, and personal care products. The company sells its products in over 200 countries under brand names such as Colgate, Palmolive, Speed Stick, Softsoap, and Irish Spring.

Colgate-Palmolive Co. has a market cap of $55.56 billion; its shares were traded around $62.54 with a P/E ratio of 25.04 and P/S ratio of 3.49. The trailing 12-month dividend yield of Colgate-Palmolive Co. stocks is 2.63%. The forward dividend yield of Colgate-Palmolive Co. stocks is 2.69%. Colgate-Palmolive Co. had an annual average earnings growth of 3.60% over the past 10 years.

On Oct. 10 Colgate-Palmolive Co. announced that Franck Moison, Vice Chairman, has elected to retire on Dec. 31, 2018 after 40 years of service. Mr. Moison provided leadership for Global Marketing, Supply Chain, and Technology from 2007 to 2010 and was appointed COO, Emerging Markets in 2010. His responsibilities expanded to Business Development in 2013.

Vodafone Group PLC (VOD, Financial) declined to $19.99

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $19.99 on Oct. 12, which is only 1.1% above the 3-year low of $19.78.

Vodafone Group PLC is a British international telecommunications company. It was ranked fifth by revenue among mobile operator groups globally, and second in the number of connections. Vodafone operates networks in 26 countries and has partner networks in over 50 other countries.

Vodafone Group Plc has a market cap of $53.88 billion; its shares were traded around $19.99 with a P/E ratio of 18.93 and P/S ratio of 1.01. The trailing 12-month dividend yield of Vodafone Group Plc stocks is 8.93%. The forward dividend yield of Vodafone Group Plc stocks is 8.96%. Vodafone Group Plc had an annual average earnings growth of 28.40% over the past 5 years.

On Sept. 5 Vodafone Group PLC announced that it has entered a new partner market agreement with Telecom Argentina in Argentina. Under the non-equity agreement Vodafone will provide strategic advice to Telecom Argentina and will share global best practice in areas such as retail, technology, and IT.

American International Group Inc. (AIG, Financial) declined to $49.77

The prices of American International Group Inc. (AIG, Financial) shares have declined to $49.77 on Oct. 12, which is only 2.7% above the 3-year low of $48.41.

American International Group Inc. is an American international finance and insurance company that has operations in more than 80 countries. The company operates through three core businesses including general insurance, life and retirement, and a standalone technology subsidiary.

American International Group Inc. has a market cap of $46.2 billion; its shares were traded around $49.77 with and P/S ratio of 0.96. The trailing 12-month dividend yield of American International Group Inc. stocks is 2.56%. The forward dividend yield of American International Group Inc. stocks is 2.55%.

On Sept. 21 American International Group Inc. announced that it has entered into a definitive agreement to acquire Glatfelter Insurance Group, a full-service broker and insurance company that provides services for specialty programs as well as retail operations. The transaction is expected to close during the fourth quarter of 2018 and will be subject to customary closing conditions.

Disclosure: I do not own stock in any of the companies mentioned in the article.