Stocks That Fell to 3-Year Lows in the Week of June 14

Vodafone Group PLC, Allergan PLC, Occidental Petroleum Corp and Mizuho Financial Group Inc. have declined to their respective 3-year lows

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Jun 15, 2019
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Vodafone Group PLC (VOD, Financial), Allergan PLC (AGN, Financial), Occidental Petroleum Corp. (OXY, Financial), and Mizuho Financial Group Inc. (MFG, Financial) have declined to their three-year lows.

Vodafone Group PLC (VOD, Financial) declined to $16.00

The prices of Vodafone Group PLC (VOD, Financial) shares have declined to $16.00, which is only 2.9% above the 3-year low of $15.53.

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 $43.37 billion; its shares were traded around $16.00 with and P/S ratio of 0.94. The trailing 12-month dividend yield of Vodafone Group PLC stocks is 6.30%. The forward dividend yield of Vodafone Group PLC stocks is 5.71%. Vodafone Group PLC had an annual average earnings growth of 12.90% over the past 5 years.

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.

Allergan PLC (AGN, Financial) declined to $115.92

The prices of Allergan PLC (AGN, Financial) shares have declined to $115.92, which is only 0.6% above the 3-year low of $115.19.

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 $38 billion; its shares were traded around $115.92 with and P/S ratio of 2.48. The trailing 12-month dividend yield of Allergan PLC stocks is 2.51%. The forward dividend yield of Allergan PLC stocks is 2.45%.

On May 28 Allergan PLC announced that the U.S. Food and Drug Administration has approved a supplemental New Drug Application for VRAYLAR for expanded use to treat depressive episodes associated with bipolar I disorder in adults. The drug is also approved in the U.S. to treat manic or mixed episodes associated with bipolar I disorder in adults.

Occidental Petroleum Corp. (OXY, Financial) declined to $49.31

The prices of Occidental Petroleum Corp. (OXY, Financial) shares have declined to $49.31, which is only 4.7% above the 3-year low of $47.00.

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 $36.89 billion; its shares were traded around $49.31 with a P/E ratio of 9.29 and P/S ratio of 2.07. The trailing 12-month dividend yield of Occidental Petroleum Corp. stocks is 6.32%. The forward dividend yield of Occidental Petroleum Corp. stocks is 6.27%.

On May 9 Occidental Petroleum Corp. announced that it has entered into a definitive agreement to acquire Anadarko Petroleum Corporation for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock. The transaction is valued at $57 billion, including the assumption of Anadarko’s debt.

Mizuho Financial Group Inc. (MFG, Financial) declined to $2.75

The prices of Mizuho Financial Group Inc. (MFG, Financial) shares have declined to $2.75, which is only 3.3% above the 3-year low of $2.66.

Mizuho Financial Group Inc. is a Japanese banking holding company. Upon its founding in 2001, it was the largest bank in the world by assets. The company holds more than $1.8 trillion in assets through its control of Mizuho Bank and other operating subsidiaries. The company’s combined holdings form the second largest financial services group in Japan and the company is also a component of the TOPIX Core 30.

Mizuho Financial Group Inc. has a market cap of $35.6 billion; its shares were traded around $2.75 with a P/E ratio of 23.87 and P/S ratio of 1.82. The trailing 12-month dividend yield of Mizuho Financial Group Inc. stocks is 4.94%. The forward dividend yield of Mizuho Financial Group Inc. stocks is 5.04%.

On May 15 Mizuho Financial Group Inc. announced a change in the Board of Directors. Hideo Etani, a current outside director and supervisory committee member on the Board of Directors, will be retiring. Yasuhisa Hashimoto will take over Mr. Etani’s positions. These changes will be effective June 20, 2019.

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