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

These companies fell to their respective three-year lows this week

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Nov 04, 2017
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General Electric Co. (GE, Financial), Newell Brands Inc. (NWL, Financial), Allergan PLC (AGN, Financial), and Walgreens Boots Alliance Inc. (WBA, Financial) have declined to their three-year lows.

General Electric Co. (GE, Financial) declined to $20.14

The prices of General Electric Co. (GE, Financial) shares have declined to $20.14 on Nov. 3, which is only 3.8% above the 3-year low of $19.37.

General Electric Co. is an American international conglomerate corporation and operates through multiple segments, including Power & Water, Oil and Gas, Aviation, Healthcare, and Transportation. The company has over 305,000 employees as of 2015 and ranked among the Fortune 500 as the 4th largest firm in the United States as of 2017.

General Electric Co. has a market cap of $174.66 billion; its shares were traded around $20.14 with a P/E ratio of 25.50 and P/S ratio of 1.43. The trailing 12-month dividend yield of General Electric Co. stocks is 4.77%. The forward dividend yield of General Electric Co. stocks is 4.81%.

On Oct. 26 General Electric Co. announced the appointment of Max York as the new CEO of GE Australia. Mr. York has been promoted to the CEO role following fourteen years as the General Manager for GE Aviation in Indonesia, Australia, New Zealand, and the South Pacific. The appointment will be effective Nov. 1 after Mr. York’s predecessor, Geoff Culbert, prepares to depart GE to take on the CEO role at Sydney Airport Corporation.

Newell Brands Inc. (NWL, Financial) declined to $30.77

The prices of Newell Brands Inc. (NWL, Financial) shares have declined to $30.77 on Nov. 3, which is only 3.5% above the 3-year low of $29.70.

Newell Brands Inc. is an American international marketer of consumer and commercial brands. Some the brands it has acquired include Rubbermaid, Contigo and Bubba, Coleman outdoor products, Diamond matches, Sharpie, and PaperMate.

Newell Brands Inc. has a market cap of $15.08 billion; its shares were traded around $30.77 with a P/E ratio of 12.36 and P/S ratio of 0.97. The trailing 12-month dividend yield of Newell Brands Inc. stocks is 2.73%. The forward dividend yield of Newell Brands Inc. stocks is 3.07%. Newell Brands Inc. had an annual average earnings growth of 2.80% over the past 10 years.

On Nov. 2 Newell Brands Inc. announced third quarter 2017 results. Net sales declined 7% to $3.7 billion compared to the same period prior year. Diluted earnings per share was $0.48 and normalized diluted earnings per share was $0.86 compared with $0.38 and $0.78, respectively, in the same period prior year.

Allergan PLC (AGN, Financial) declined to $174.92

The prices of Allergan PLC (AGN, Financial) shares have declined to $174.92 on Nov. 3, which is only 3.0% above the 3-year low of $169.64.

Allergan PLC is an Irish international pharmaceutical company that produces both branded and generic drugs and performs pharmaceutical research and development. The company’s key products include Actonel, Acuvail, Aczone, Lumigan, Namenda, Ozurdex, and Rapaflo.

Allergan PLC has a market cap of $58.48 billion; its shares were traded around $174.92 with a P/E ratio of 6.02 and P/S ratio of 4.09. The trailing 12-month dividend yield of Allergan PLC stocks is 1.21%. The forward dividend yield of Allergan PLC stocks is 1.60%. Allergan PLC had an annual average earnings growth of 3.60% over the past 5 years.

On Nov. 1 Allergan PLC reported third quarter 2017 results. GAAP continuing operations loss per share was $12.05 while non-GAAP performance net income per share was $4.15. GAAP operating loss was $4.02 billion while non-GAAP adjusted operating income was $1.97 billion.

Walgreens Boots Alliance Inc. (WBA, Financial) declined to $66.87

The prices of Walgreens Boots Alliance Inc. (WBA, Financial) shares have declined to $66.87 on Nov. 3, which is only 4.6% above the 3-year low of $63.82.

Walgreens Boots Alliance Inc. is an American holding company that owns Walgreens, Boots, and other pharmaceutical manufacturing, wholesale, and distribution companies. The company is organized into three divisions: Retail Pharmacy USA, known as Walgreens, Retail Pharmacy International, known as Boots, and Pharmaceutical Wholesale.

Walgreens Boots Alliance Inc. has a market cap of $67.51 billion; its shares were traded around $66.87 with a P/E ratio of 17.69 and P/S ratio of 0.61. The trailing 12-month dividend yield of Walgreens Boots Alliance Inc. stocks is 2.27%. The forward dividend yield of Walgreens Boots Alliance Inc. stocks is 2.40%. Walgreens Boots Alliance Inc. had an annual average earnings growth of 5.90% over the past 10 years.

On Oct. 25 Walgreens Boots Alliance Inc. reported fourth quarter and fiscal 2017 results. The company reported GAAP diluted net earnings per share of $0.76 for the fourth quarter, down 20% from the same quarter previous year, primarily due to merger termination fees with Rite Aid. Sales increased 5.3% to $30.1 billion for the fourth quarter, an increase of 6.4% on a constant currency basis.

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