GlaxoSmithKline PLC (GSK, Financial), Equity Residential (EQR, Financial), Campbell Soup Co. (CPB, Financial) and Vornado Realty Trust (VNO, Financial) have declined to their three-year lows.
GlaxoSmithKline PLC (GSK, Financial) declined to $36.22
The prices of GlaxoSmithKline PLC (GSK, Financial) shares have declined to $36.22 on March 2, which is only 4.7% above the three-year low of $34.52.
GlaxoSmithKline PLC is a British pharmaceutical company formed from the merger of Glaxo Wellcome and SmithKline Beecham in 2000. In 2015 it was the world’s sixth largest pharmaceutical company. The company has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. Some of its top selling products include Advair, Avodart, Augmentin, Lovaza and Flovent.
GlaxoSmithKline PLC has a market cap of $88.94 billion; its shares were traded around $36.22 with a P/E ratio of 42.36 and P/S ratio of 2.14. The trailing 12-month dividend yield of GlaxoSmithKline PLC stocks is 5.88%. The forward dividend yield of GlaxoSmithKline PLC stocks is 7.10%.
On Feb. 14 GlaxoSmithKline PLC announced the submission of landmark IMPACT data to the European Medicines Agency as part of a type II variation to support an expanded label for Trelegy Ellipta, a drug for the treatment of moderate to severe chronic obstructive pulmonary disease. Approval of the submission would mean that the drug could be used by physicians to treat a wider population of patients with the condition.
Equity Residential (EQR, Financial) declined to $55.96
The prices of Equity Residential (EQR, Financial) shares have declined to $55.96 on March 2, which is only 1.8% above the three-year low of $54.97.
Equity Residential is an American real estate investment trust that primarily invests in apartments. As of Dec. 31, 2016, the company owned or had investments in 302 properties including 77,485 apartment units. The company’s investments are located primarily in Boston, New York City, Washington, D.C., San Francisco and Seattle.
Equity Residential has a market cap of $20.6 billion; its shares were traded around $55.96 with a P/E ratio of 34.34 and P/S ratio of 8.66. The trailing 12-month dividend yield of Equity Residential stocks is 3.59%. The forward dividend yield of Equity Residential stocks is 3.58%. Equity Residential had an annual average earnings growth of 7.80% over the past 10 years.
On March 1 Equity Residential announced that current COO and executive vice president David S. Santee will step down as COO on June 30, 2018 and will retire by end of the year. The company also announced that Michael L. Manelis, executive vice president of property operations, will become the company’s COO effective July 1, 2018.
Campbell Soup Co. (CPB, Financial) declined to $42.02
The prices of Campbell Soup Co. (CPB, Financial) shares have declined to $42.02 on March 2, which is only 0.3% above the three-year low of $41.90.
Campbell Soup Co. is an American international producer of canned soups and related products. The company’s products are sold in 120 countries. The company is divided into three divisions: the simple meals division, the baked snacks division, which consists of Pepperidge Farm, and the health beverage division, which includes V8 juices.
Campbell Soup Co. has a market cap of $12.63 billion; its shares were traded around $42.02 with a P/E ratio of 12.11 and P/S ratio of 1.62. The trailing 12-month dividend yield of Campbell Soup Co. stocks is 3.31%. The forward dividend yield of Campbell Soup Co. stocks is 3.31%. Campbell Soup Co. had an annual average earnings growth of 2.30% over the past 10 years.
On Feb. 28 Campbell Soup Co. released its 10th corporate responsibility report, detailing the company’s fiscal year 2017 achievements and describing new sustainability goals. The company seeks to reduce absolute greenhouse emissions by 25% by fiscal 2025 and reduce water use by 20% by fiscal 2025. Furthermore, the company also seeks to responsibly source 100% of priority raw materials and establish traceability to the country of origin by fiscal 2025.
Vornado Realty Trust (VNO, Financial) declined to $66.39
The prices of Vornado Realty Trust (VNO, Financial) shares have declined to $66.39 on March 2, which is only 3.9% above the three-year low of $63.77.
Vornado Realty Trust is an American real estate investment trust that primarily invests in office buildings and street retail in Manhattan. Notable properties owned by the company in New York City include 731 Lexington Avenue, One Penn Plaza and Rego center. The company has 4,000 employees as of 2017 and is a component of the S&P 500.
Vornado Realty Trust has a market cap of $12.61 billion; its shares were traded around $66.39 with a P/E ratio of 78.11 and P/S ratio of 5.68. The trailing 12-month dividend yield of Vornado Realty Trust stocks is 3.84%. The forward dividend yield of Vornado Realty Trust stocks is 3.80%. Vornado Realty Trust had an annual average earnings growth of 2.40% over the past 10 years.
On Feb. 12 Vornado Realty Trust reported fourth quarter 2017 financial results ended Dec. 31, 2017. Net income for the quarter was $27.3 million, or $0.14 per diluted share, compared to $651.2 million, or $3.43 per diluted share, for the same period prior year. Funds from operations for the quarter was $153.2 million, or $0.80 per diluted share, compared to $797.7 million, or $4.20 per diluted share, for the same period prior year.
Disclosure: I do not own stock in any of the companies mentioned in the article.
