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Stocks That Fell to 3-Year Lows the Week of April 3

Wells Fargo & Co. (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Walgreens Boots Alliance Inc. (NASDAQ:WBA) and Honda Motor Co. Ltd. (NYSE:HMC) have reached their three-year lows.

Wells Fargo declined to $26.23

The price of Wells Fargo shares declined to $26.23 on April 3, which is only 4.3% above the three-year low of $25.11.

Wells Fargo is a banking and financial services holding company. It is the world's second-largest bank by market capitalization and the third-largest bank in the U.S. by assets. .


The comapny has a market cap of $107.26 billion; its shares were traded around $26.23 with a price-earnings ratio of 6.52 and a price-sales ratio of 1.41. The trailing 12-month dividend yield is 7.54%. The forward dividend yield is 7.79%.

On March 16, Wells Fargo announced it is decreasing its prime rate to 3.25% from 4.25%, effective immediately.

HSBC Holdings declined to $24.33

The price of HSBC Holdings shares declined to $24.33 on April 3, which is only 1.6% above the three-year low of $23.95.

HSBC 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 globe and around 38 million customers. The company is also a component of the FTSE 100.

The company has a market cap of $102.78 billion; its shares were traded around $24.33 with a price-earnings ratio of 16.45 and a price-sales ratio of 1.49. The trailing 12-month dividend yield is 10.50%. The forward dividend yield is 10.50%.

On March 31, HSBC announced its board had received from the Bank of England through the Prudential Regulation Authority a written request not to pay the fourth interim dividend in respect of 2019. The board has met to discuss the written request from the PRA and has cancelled the fourth interim dividend of 21 cents per share due to the significant uncertainties posed by the Covid-19 pandemic. The board has also decided to not make quarterly dividend payments until the end of 2020.

Walgreens declined to $40.72

The price of Walgreens shares declined to $40.72 on April 3, which is only 3.2% above the three-year low of $39.41.

Walgreens is an American holding company that owns Walgreens, Boots and other pharmaceutical manufacturing, wholesale and distribution companies. The company is organized into three divisions: Retail Pharmacy USA, known as Walgreens, Retail Pharmacy International, known as Boots, and Pharmaceutical Wholesale.

Walgreens has a market cap of $36.07 billion; its shares were traded around $40.72 with a price-earnings ratio of 10.02 and a price-sales ratio of 0.28. The trailing 12-month dividend yield is 4.46%. The forward dividend yield is 4.50%. Walgreens had an annual average earnings growth of 5.90% over the past 10 years.

On April 2, Walgreens reported financial results for the second quarter of fiscal 2020. Sales for the quarter increased 3.7% to $35.8 billion. Operating income decreased 18.7% to $1.2 billion, while adjusted operating income declined 12% to $1.7 billion. Earnings per share for the quarter fell 14% to $1.07 while adjusted earnings per share decreased 7.3% to $1.52.

Honda Motor declined to $19.86

The price of Honda Motor shares declined to $19.86 on April 3, which is only 2.4% above the three-year low of $19.38.

Honda Motor is a Japanese international conglomerate that focuses on the manufacture of automobiles, motorcycles and power equipment. The company has been the world's largest manufacturer of motorcycles since 1959 and is also the world's largest manufacturer of internal combustion engines by volume.

Honda has a market cap of $34.44 billion; its shares were traded around $19.86 with a price-earnings ratio of 7.86 and a price-sales ratio of 0.24. The trailing 12-month dividend yield is 5.23%. The forward dividend yield is 5.24%. Honda Motor had an annual average earnings growth of 8.10% over the past 10 years.

On April 2, Honda announced that the company will continue to evaluate conditions and make adjustments to its production operations in North America as necessary due to the coronavirus outbreak. The company has extended the production suspension previously announced for all of its automobile, engine and transmission plants in North America through April 10.

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

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This article first appeared on GuruFocus.