Stocks That Fell to 3-Year Lows in the Week of June 7

Schlumberger Ltd., 3M Co., CVS Health Corp. and UBS Group AG have declined to their respective 3-year lows

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Jun 08, 2019
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Schlumberger Ltd. (SLB, Financial), 3M Co. (MMM, Financial), CVS Health Corp. (CVS, Financial) and UBS Group AG (UBS, Financial) have declined to their three-year lows.

Schlumberger Ltd. (SLB, Financial) declined to $35.60

The prices of Schlumberger Ltd. (SLB, Financial) shares have declined to $35.60, which is only 3.2% above the 3-year low of $34.46.

Schlumberger Ltd. is the world’s largest oilfield services company and employs over 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 $49.31 billion; its shares were traded around $35.60 with a P/E ratio of 24.40 and P/S ratio of 1.53. The trailing 12-month dividend yield of Schlumberger Ltd. stocks is 5.61%. The forward dividend yield of Schlumberger Ltd. stocks is 5.71%.

On June 3 Schlumberger Ltd. introduced the GAIA digital exploration platform at the 81st EAGE Conference & Exhibition. The platform enables exploration teams to rapidly discover and access basin-scale data and manage their exploration portfolios in line with their corporate strategies.

3M Co. (MMM, Financial) declined to $166.61

The prices of 3M Co. (MMM, Financial) shares have declined to $166.61, which is only 4.4% above the 3-year low of $159.32.

3M Co. is an American international conglomerate corporation with operations in the fields of industry, worker safety, health care, and consumer goods. The company produces a variety of products including adhesives, abrasives, passive fire protection, window films, and dental and orthodontic products. The company is a DJIA component and a component of the S&P 100.

3M Co. has a market cap of $96.04 billion; its shares were traded around $166.61 with a P/E ratio of 17.66 and P/S ratio of 3.05. The trailing 12-month dividend yield of 3M Co. stocks is 3.38%. The forward dividend yield of 3M Co. stocks is 3.50%. 3M Co. had an annual average earnings growth of 6.10% over the past 10 years.

On May 14 3M Co. announced that the company’s Board of Directors has declared a dividend of $1.44 per share on the company’s common stock for the second quarter of 2019. The dividend is payable on June 12 to shareholders of record at the close of business on May 24.

CVS Health Corp. (CVS, Financial) declined to $53.92

The prices of CVS Health Corp. (CVS, Financial) shares have declined to $53.92, which is only 4.1% above the 3-year low of $51.72.

CVS Health Corp. is an American retail pharmacy and health care company that grew from the parent company Mark Steven Inc. The business began as a chain of health and beauty aid stores but within several years pharmacies were added. The company owns several subsidiaries, including CVS Pharmacy, MinuteClinic, Caremark Rx, Longs Drugs, Omnicare, and Navarro Discount Pharmacies.

CVS Health Corp. has a market cap of $70.05 billion; its shares were traded around $53.92 with and P/S ratio of 0.29. The trailing 12-month dividend yield of CVS Health Corp. stocks is 3.72%. The forward dividend yield of CVS Health Corp. stocks is 3.70%. CVS Health Corp. had an annual average earnings growth of 7.40% over the past 10 years.

On May 9 CVS Health Corp. announced that it has completed the rollout of time delay safes in all of its locations in Minnesota. These safes aim to prevent pharmacy robberies and the diversion of controlled substance narcotic medications. Furthermore, these additions also aim to ensure the safety and well-being of the company’s employees and customers.

UBS Group AG (UBS, Financial) declined to $11.80

The prices of UBS Group AG (UBS, Financial) shares have declined to $11.80, which is only 4.1% above the 3-year low of $11.32.

UBS Group AG is an international Swiss investment bank and financial services company. The company is the largest Swiss banking institution in the world and its services are known for their strict bank-client confidentiality and culture of banking secrecy.

UBS Group AG has a market cap of $45.23 billion; its shares were traded around $11.80 with a P/E ratio of 10.66 and P/S ratio of 1.58. The trailing 12-month dividend yield of UBS Group AG stocks is 5.81%. The forward dividend yield of UBS Group AG stocks is 5.83%.

On June 7 UBS Group AG announce plans to launch a strategic wealth management partnership in Japan with Sumitomo Mitsui Trust Holdings Inc. The joint venture, 51 percent owned by UBS, will offer products, investment advice, and services to a full range of Japanese real estate and trust services. The final signing of the agreement by both companies was completed on June 7 at UBS’s headquarters in Zurich.

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