Stocks That Fell to 3-Year Lows in the Week of May 17

CVS Health Corp., Vodafone Group PLC, Occidental Petroleum Corp. and BT Group PLC have declined to their respective 3-year lows

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May 19, 2019
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CVS Health Corp. (CVS, Financial), Vodafone Group PLC (VOD, Financial), Occidental Petroleum Corp. (OXY, Financial), and BT Group PLC (BT, Financial) have declined to their three-year lows.

CVS Health Corp. (CVS, Financial) declined to $52.88

The prices of CVS Health Corp. (CVS, Financial) shares have declined to $52.88 on May 17, which is only 2.1% above the 3-year low of $51.77.

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 $68.7 billion; its shares were traded around $52.88 with and P/S ratio of 0.28. The trailing 12-month dividend yield of CVS Health Corp. stocks is 3.77%. The forward dividend yield of CVS Health Corp. stocks is 3.82%. 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.

Vodafone Group PLC (VOD, Financial) declined to $15.74

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $15.74 on May 17, which is only 0.1% above the 3-year low of $15.72.

Vodafone Group PLC is a British international telecommunications conglomerate that is ranked fourth in the world in the number of mobile customers as of 2018. The company is a component of the NASDAQ-100 and the FTSE 100. The company owns and operates networks in 25 countries and has partner networks in 47 other countries.

Vodafone Group PLC has a market cap of $42.6 billion; its shares were traded around $15.74 with and P/S ratio of 1.65. The trailing 12-month dividend yield of Vodafone Group PLC stocks is 11.05%. The forward dividend yield of Vodafone Group PLC stocks is 6.87%.

On May 14 Vodafone Group PLC announced results for the year ended March 31, 2019. Revenues for the group was €43.7 billion for the year, while net loss for the financial year was €7.6 billion. Organic adjusted EBITDA increased 3.1% while operating expense declined by €400 million in Europe. Dividend per share was rebased to 9.00 eurocents.

Occidental Petroleum Corp. (OXY, Financial) declined to $52.76

The prices of Occidental Petroleum Corp. (OXY, Financial) shares have declined to $52.76 on May 17, which is only 0.0% above the 3-year low of $52.74.

Occidental Petroleum Corp. is an American international oil and gas exploration and production company. The company has operations in the United States, the Middle East, and Latin America and is engaged in petrochemical manufacturing in the United States, Canada, and Chile. The company was the 9th largest petroleum producer in Texas in 2018.

Occidental Petroleum Corp. has a market cap of $39.47 billion; its shares were traded around $52.76 with a P/E ratio of 9.94 and P/S ratio of 2.23. The trailing 12-month dividend yield of Occidental Petroleum Corp. stocks is 5.89%. The forward dividend yield of Occidental Petroleum Corp. stocks is 5.80%.

On April 30 Occidental Petroleum Corp. announced that Berkshire Hathaway Inc. has committed to invest $10 billion in the company. The investment is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko Petroleum Corporation, and Berkshire Hathaway will receive 100,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share.

BT Group PLC (BT, Financial) declined to $13.07

The prices of BT Group PLC (BT, Financial) shares have declined to $13.07 on May 17, which is only 0.2% above the 3-year low of $13.04.

BT Group PLC is a British international telecommunication holding company that operates in more than 180 countries. The company is one of the largest providers of fixed-line, broadband, and mobile services in the United Kingdom and is also a component of the FTSE 100.

BT Group PLC has a market cap of $25.8 billion; its shares were traded around $13.07 with a P/E ratio of 8.57 and P/S ratio of 1.11. The trailing 12-month dividend yield of BT Group PLC stocks is 7.43%. The forward dividend yield of BT Group PLC stocks is 7.34%.

On May 9 BT Group PLC reported results for the year ended March 31, 2019. Reported revenue for the year was €23.428 billion and adjusted revenue was €23.459 billion, both down 1%. Reported profit before tax was €2.666 billion, an increase of 2%, while adjusted EBITDA decreased by 2% to €7.392 billion.

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