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

General Electric Co. (GE), Schlumberger Ltd. (SLB), Vodafone Group PLC (VOD) and WPP PLC (WPP) have declined to their respective 3-year lows

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Sep 09, 2018
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General Electric Co. (GE, Financial), Schlumberger Ltd. (SLB, Financial), Vodafone Group PLC (VOD, Financial) and WPP PLC (WPP, Financial) have declined to their three-year lows.

General Electric Co. (GE, Financial) declined to $12.40

The prices of General Electric Co. (GE, Financial) shares have declined to $12.40 on Sept. 7, which is only 3.7% above the 3-year low of $11.94.

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 was ranked among the Fortune 500 as the 4th largest firm in the United States in 2017.

General Electric Co. has a market cap of $107.77 billion; its shares were traded around $12.40 with and P/S ratio of 0.88. The trailing 12-month dividend yield of General Electric Co. stocks is 4.84%. The forward dividend yield of General Electric Co. stocks is 3.84%.

On Sept. 7 General Electric Co. announced that its board of directors declared a $0.12 per share dividend on the outstanding common stock of the company. The dividend is payable on Oct. 25 to shareowners of record at the close of business on Sept. 17.

Schlumberger Ltd. (SLB, Financial) declined to $59.70

The prices of Schlumberger Ltd. (SLB, Financial) shares have declined to $59.70 on Sept. 7, which is only 0.6% above the 3-year low of $59.32.

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 $82.63 billion; its shares were traded around $59.70 with and P/S ratio of 2.59. The trailing 12-month dividend yield of Schlumberger Ltd. stocks is 3.35%. The forward dividend yield of Schlumberger Ltd. stocks is 3.32%.

On Aug. 22 Schlumberger Ltd. announced that it has entered into a definitive agreement with Shearwater GeoServices Holding AS for Shearwater to acquire the marine seismic acquisition assets and operations of WesternGeco, the geophysical services product line of Schlumberger. The two companies are expected to close the transaction during the fourth quarter of 2018.

Vodafone Group PLC (VOD, Financial) declined to $21.45

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $21.45 on Sept. 7, which is only 1.5% above the 3-year low of $21.13.

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 $56.09 billion; its shares were traded around $21.45 with a P/E ratio of 20.53 and P/S ratio of 1.11. The trailing 12-month dividend yield of Vodafone Group PLC stocks is 8.32%. The forward dividend yield of Vodafone Group PLC stocks is 8.32%. Vodafone Group PLC had an annual average earnings growth of 28.00% 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.

WPP PLC (WPP, Financial) declined to $75.00

The prices of WPP PLC (WPP, Financial) shares have declined to $75.00 on Sept. 7, which is only 1.8% above the 3-year low of $73.66.

WPP PLC is a British international advertising and public relations company. The company owns a variety of advertising, public relations and market research networks, including IMRB, Millward Brown, Grey, and TNS. The company is a component of the FTSE 100 Index and has listings in both the NASDAQ and LSE.

WPP PLC has a market cap of $18.93 billion; its shares were traded around $75.00 with a P/E ratio of 7.76 and P/S ratio of 0.97. The trailing 12-month dividend yield of WPP PLC stocks is 5.36%. The forward dividend yield of WPP PLC stocks is 5.43%. WPP PLC had an annual average earnings growth of 7.80% over the past 10 years.

On Sept. 3 WPP PLC announced the appointment of Mark Read as CEO and his appointment to the company’s board of directors as an executive director, effective immediately. Mr. Read led the transformation of Wunderman into a top digital agency recently and has played a central role in the company’s most successful investments.

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