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Stocks That Fell to 3-Year Lows in the Week of Aug. 30

HSBC Holdings PLC (NYSE:HSBC), Altria Group Inc. (NYSE:MO), 3M Co. (NYSE:MMM) and Simon Property Group Inc. (NYSE:SPG) have declined to their three-year lows.

HSBC Holdings PLC (NYSE:HSBC) declined to $35.90

The prices of HSBC Holdings PLC (NYSE:HSBC) shares have declined to $35.90 on Aug. 30, which is only 1.5% above the 3-year low of $35.36.

HSBC Holdings PLC is a British international financial services holding company. As of December 2018, it is the largest bank in Europe with total assets of $2.558 trillion. The company has around 3,900 offices in 67 countries across the glove and around 38 million customers. The company is also a component of the FTSE 100.

HSBC Holdings PLC has a market cap of $145.54 billion; its shares were traded around $35.90 with a P/E ratio of 24.62 and P/S ratio of 4.81. The trailing 12-month dividend yield of HSBC Holdings PLC stocks is 7.09%. The forward dividend yield of HSBC Holdings PLC stocks is 5.56%.

On Aug. 8 HSBC Holdings PLC announced the appointment of Barry O'Byrne as interim Chief Executive of Global Commercial Banking, subject to regulatory approval. Mr. O'Byrne will succeed Noel Quinn and this appointment follows Mr. Quinn's appointment as interim Group Chief Executive, succeeding John Flint.

Altria Group Inc. (NYSE:MO) declined to $43.74

The prices of Altria Group Inc. (NYSE:MO) shares have declined to $43.74 on Aug. 30, which is only 3.1% above the 3-year low of $42.40.

Altria Group Inc. is an American international tobacco corporation. The company is one of the world's largest producers and marketers of cigarettes and other tobacco products. The company is the parent company of several companies, including Smokeless Tobacco Company Inc. and John Middleton Inc.

Altria Group Inc. has a market cap of $81.71 billion; its shares were traded around $43.74 with a P/E ratio of 13.02 and P/S ratio of 3.26. The trailing 12-month dividend yield of Altria Group Inc. stocks is 7.32%. The forward dividend yield of Altria Group Inc. stocks is 7.59%. Altria Group Inc. had an annual average earnings growth of 10.20% over the past 10 years.

On Aug. 27 Altria Group Inc. announced that it is in discussions with Philip Morris International Inc. regarding a potential all-stock, merger of equals. However, there is no assurance that any agreement or transaction will result from these discussions. Furthermore, there can also be no assurance that if an agreement is reached, that a transaction will be completed.

3M Co. (NYSE:MMM) declined to $161.72

The prices of 3M Co. (NYSE:MMM) shares have declined to $161.72 on Aug. 30, which is only 4.8% above the 3-year low of $154.00.

3M Co. is an American international conglomerate corporation with operations in the fields of industry, worker safety, health care, and consumer goods. The company produces a variety of products including adhesives, abrasives, passive fire protection, window films, and dental and orthodontic products. The company is a DJIA component and a component of the S&P 100.

3M Co. has a market cap of $93.03 billion; its shares were traded around $161.72 with a P/E ratio of 19.54 and P/S ratio of 2.97. The trailing 12-month dividend yield of 3M Co. stocks is 3.51%. The forward dividend yield of 3M Co. stocks is 3.59%. 3M Co. had an annual average earnings growth of 6.10% over the past 10 years.

On Aug. 7 3M Co. announced that it has entered into an agreement with Avon Rubber PLC to purchase 3M's advanced ballistic protection business. The purchase totals $91 million, subject to closing and other adjustments, while a further contingent consideration of up to $25 million is payable depending on the outcome of pending tenders.

Simon Property Group Inc. (NYSE:SPG) declined to $148.94

The prices of Simon Property Group Inc. (NYSE:SPG) shares have declined to $148.94 on Aug. 30, which is only 2.4% above the 3-year low of $145.42.

Simon Property Group Inc. is an American international real estate company that is currently the largest real estate investment trust in the United States. It is also the largest shopping mall operator in the United States. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers, and international properties.

Simon Property Group Inc. has a market cap of $45.88 billion; its shares were traded around $148.94 with a P/E ratio of 19.89 and P/S ratio of 8.03. The trailing 12-month dividend yield of Simon Property Group Inc. stocks is 5.49%. The forward dividend yield of Simon Property Group Inc. stocks is 5.67%. Simon Property Group Inc. had an annual average earnings growth of 4.90% over the past 10 years.

On July 31 Simon Property Group Inc. reported second quarter 2019 financial results. Net income for the quarter was $495.3 million, or $1.60 per diluted share, compared to $547.0 million, or $1.77 per diluted share, during the same quarter prior year. Funds from operations for the quarter was $1.064 billion, or $2.99 per diluted share, compared to $1.061 billion, or $2.98 per diluted share, during the same quarter prior year.

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

This article first appeared on GuruFocus.