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Stocks That Fell to 3-Year Lows in the Week of Dec. 6

HSBC Holdings PLC (NYSE:HSBC), Simon Property Group Inc. (NYSE:SPG), Westpac Banking Corp. (NYSE:WBK) and Molson Coors Brewing Co. (NYSE:TAP) have declined to their three-year lows.

HSBC Holdings declined to $36.87

The price of HSBC Holdings shares declined to $36.87, which is only 4.1% above the three-year low of $35.36.

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


HSBC has a market cap of $149.78 billion; its shares were traded around $36.87 with a price-earnings ratio of 25.43 and a price-sales ratio of 4.41. The trailing 12-month dividend yield is 6.91%. The forward dividend yield is 5.50%.

On Oct. 28, HSBC Holdings announced financial results for the third quarter. Profit decreased 24% from the prior-year quarter to $3 billion, while reported profit before taxes decreased 18% to $4.8 billion. Reported revenue was $13.4 billion, a 3% decrease. Reported profit before tax for the quarter in Asia was $4.7 billion, a 4% increase from last year.

Simon Property Group declined to $148.24

The price of Simon Property Group shares declined to $148.24, which is only 2.5% above the three-year low of $144.52.

Simon Property Group is an 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 U.S. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers and international properties.

Simon Property has a market cap of $45.49 billion; its shares were traded around $148.24 with a price-earnings ratio of 19.90 and a price-sales ratio of 7.97. The trailing 12-month dividend yield is 5.60%. The forward dividend yield is 5.66%. Simon Property Group had an annual average earnings growth of 4.90% over the past decade.

On Oct. 30, Simon Property Group reported financial results for the third quarter. Net income attributable to common stockholders was $544.3 million, or $1.77 per diluted share, compared to net income of $556.3 million, or $1.80 per diluted share, in the year-ago quarter. Funds from operations was $1.081 billion for the quarter, or $3.05 per diluted share, compared to $1.086 billion, or $3.05 per diluted share, last year.

Westpac Banking declined to $16.61

The price of Westpac Banking Corp. (NYSE:WBK) shares declined to $16.61, which is only 2.0% above the three-year low of $16.27.

Westpac Banking is an Australian bank and financial services provider that is one of Australia's "big four" banks. As of March 2018, the company had approximately 14 million customers and employed 40,000 people.

Westpac Banking has a market cap of $31.68 billion; its shares were traded around $16.61 with a price-earnings ratio of 12.88 and a price-sales ratio of 4.10. The trailing 12-month dividend yield is 7.26%. The forward dividend yield is 6.68%.

On Nov. 28, Westpac Banking announced that Promontory had been appointed to undertake the External Accountability and Financial Crime Program Review outlined in the company's review plan. The review, which is commissioned by the newly appointed Westpac Board Financial Crime Committee, will begin immediately. The company will also establish an Accountability Review advisory panel of three independent experts to consider Promontory's report and provide additional recommendations on governance.

Molson Coors Brewing declined to $51.06

The price of Molson Coors Brewing shares declined to $51.06, which is only 2.4% above the three-year low of $49.82.

Molson Coors is an American brewing company that was formed in 2005 by the merger of two companies: Molson, which was based in Canada, and Coors, which was based in the U.S. The company is the world's seventh-largest brewer by volume.

Molson Coors has a market cap of $11.07 billion; its shares were traded around $51.06 with a price-earnings ratio of 71.91 and a price-sales ratio of 1.05. The trailing 12-month dividend yield is 3.84%. The forward dividend yield is 4.53%. Molson Coors had an annual average earnings growth of 9.70% over the past 10 years.

On Nov. 21, Molson Coors declared a regular quarterly dividend on its Class A and Class B common shares of 57 cents per share. The dividend is payable on Dec. 13 to shareholders of record at the close of business on Dec. 2.

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.