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Shuda Xia
Shuda Xia
Articles (220) 

Stocks That Fell to 3-Year Lows in the Week of Oct. 26

AT&T Inc. (T), Allergan PLC (ACT), General Electric Co. (GE) and Westpac Banking Corp. (WBK) have declined to their respective three-year lows

October 27, 2018 | About:

AT&T Inc. (NYSE:T), Allergan PLC (NYSE:ACT), General Electric Co. (NYSE:GE), and Westpac Banking Corp. (NYSE:WBK) have declined to their three-year lows.

AT&T Inc. (NYSE:T) declined to $29.09

The prices of AT&T Inc. (NYSE:T) shares have declined to $29.09 on Oct. 26, which is only 0.1% above the 3-year low of $29.07. It is now 33.8% off the 3-year of $43.89.

AT&T Inc. an American multinational telecommunications conglomerate that is the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States. It also provides broadband subscription television services through DirecTV.

AT&T Inc. has a market cap of $214.16 billion; its shares were traded around $29.09 with a P/E ratio of 5.66 and P/S ratio of 1.15. The trailing 12-month dividend yield of AT&T Inc. stocks is 6.88%. The forward dividend yield of AT&T Inc. stocks is 6.67%. AT&T Inc. had an annual average earnings growth of 1.60% over the past 10 years.

On Oct. 24 AT&T Inc. reported third quarter 2018 fiscal results. Consolidated revenues for the quarter was $45.7 billion, compared to $39.7 billion during the same period prior year. Operating expenses were $38.5 billion, compared to $33.9 billion during the same period prior year.

Allergan PLC (NYSE:ACT) declined to $25.41

The prices of Allergan PLC (NYSE:ACT) shares have declined to $25.41 on Oct. 26, which is only 4.6% above the 3-year low of $24.23.

Allergan PLC is an Irish international pharmaceutical company that produces both branded and generic drugs. The company also 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 $119.37 billion; its shares were traded around $25.41 with and P/S ratio of 3.71.

On Oct. 26 Allergan PLC announced that its Board of Directors has declared a quarterly cash dividend of $0.72 per common share. The dividend will be payable on Dec. 14 to stockholders of record at the close of business on Nov. 13.

General Electric Co. (NYSE:GE) declined to $11.30

The prices of General Electric Co. (NYSE:GE) shares have declined to $11.30 on Oct. 26, which is only 0.8% above the 3-year low of $11.21.

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 $101.29 billion; its shares were traded around $11.30 with and P/S ratio of 0.80. The trailing 12-month dividend yield of General Electric Co. stocks is 4.24%. The forward dividend yield of General Electric Co. stocks is 4.07%.

On Oct. 1 General Electric Co. announced that H. Lawrence Culp, Jr. has been named Chairman and CEO of General Electric by a unanimous vote of the Board of Directors, effective immediately. The board also appointed Thomas W. Horton as Lead Director. Mr. Culp will succeed John Flannery as chairman and CEO.

Westpac Banking Corp. (NYSE:WBK) declined to $18.39

The prices of Westpac Banking Corp. (NYSE:WBK) shares have declined to $18.39 on Oct. 26, which is only 0.9% above the 3-year low of $18.22.

Westpac Banking Corp. is an Australian bank and financial services provider that is one of Australia’s “big four” banks. As of March 2018, the company has approximately 14 million customers and employs 40,000 people.

Westpac Banking Corp. has a market cap of $63.25 billion; its shares were traded around $18.39 with a P/E ratio of 10.97 and P/S ratio of 4.33. The trailing 12-month dividend yield of Westpac Banking Corp. stocks is 7.76%. The forward dividend yield of Westpac Banking Corp. stocks is 7.64%.

On Sept. 4 Westpac Banking Corp. announced that it has agreed to a settlement with ASIC to pay a $35 million penalty for contravening with the National Consumer Credit Protection Act. The settlement is subject to court approval. The company accepts that between December of 2011 and March of 2015 approximately 10,500 loans should not have been approved through the company’s automated decision process.

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


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