Wells Fargo & Co. (WFC, Financial), Gilead Sciences Inc. (GILD, Financial), Simon Property Group Inc. (SPG, Financial), and Walgreens Boots Alliance Inc. (WBA, Financial) have declined to their three-year lows.
Wells Fargo declined to $44.39
The price of Wells Fargo shares declined to $44.39 on Aug. 16, which is only 3.1% above the three-year low of $43.02.
Wells Fargo is the world’s second-largest bank by market capitalization and third-largest bank in the U.S. by assets.
The bank has a market cap of $195.59 billion; its shares were trading around $44.39 with a price-earnings ratio of 9.15 and a price-sales ratio of 2.40. The trailing 12-month dividend yield is 4.14%. The forward dividend yield is 4.70%.
On Aug. 16, Wells Fargo announced dividends on 11 series of its preferred stock. This includes a cash dividend of $18.75 on the company’s 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, a cash dividend of $325 per share on its 5.20% non-cumulative perpetual class A preferred stock, Series N, and a cash dividend of $320.31 per share on its 5.125% non-cumulative perpetual class A preferred stock, Class O, among others.
Gilead Sciences declined to $63.14
The price of Gilead Sciences shares declined to $63.14 on Aug. 16, which is only 4.5% above the three-year low of $60.32.
Gilead Sciences is an international pharmaceutical and biotechnology company that develops and commercializes therapeutics. The company focuses primarily on antiviral drugs used in the treatment of HIV, hepatitis B, hepatitis C and influenza.Â
The company has a market cap of $79.96 billion; its shares were traded around $63.14 with a price-earnings ratio of 13.70 and a price-sales ratio of 3.64. The trailing 12-month dividend yield is 3.81%. The forward dividend yield is 4.01%. Gilead Sciences had an annual average earnings growth of 26.10% over the past 10 years.
On Aug. 15, the company announced with Galapagos NV that the Marketing Authorization Application for filgotinib, an investigational selective JAK1 inhibitor for the treatment of adults with rheumatoid arthritis, has been validated. The application is now under evaluation by the European Medicines Agency.
Simon Property Group declined to $148.61
The prices of Simon Property Group Inc. (SPG, Financial) shares have declined to $148.61 on Aug. 16, which is only 1.9% above the 3-year low of $145.78.
Simon Property is a real estate company that is currently the largest real estate investment trust in the U.S.
Simon Property Group has a market cap of $45.78 billion; its shares were traded around $148.61 with a price-earnings ratio of 19.87 and a price-sales ratio of 8.02. The trailing 12-month dividend yield is 5.51%. The forward dividend yield is 5.68%. Simon Property Group had an annual average earnings growth of 4.90% over the past decade.
On July 31, Simon Property Group reported second-quarter financial results. Net income for the quarter was $495.3 million, or $1.60 per diluted share, compared to $547 million, or $1.77 per diluted share, in the prior-year quarter. Funds from operations was $1.064 billion, or $2.99 per diluted share, compared to $1.061 billion, or $2.98 per diluted share, last year.
Walgreens Boots Alliance declined to $50.48
The price of Walgreens shares declined to $50.48 on Aug. 16, which is only 2.7% above the three-year low of $49.12.
Walgreens Boots Alliance is a 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 $45.59 billion; its shares were traded around $50.48 with a price-earnings ratio of 9.89 and a price-sales ratio of 0.34. The trailing 12-month dividend yield is 3.48%. The forward dividend yield is 3.71%. Walgreens had an annual average earnings growth of 5.90% over the past 10 years.
On July 10, the company announced its board of directors declared a quarterly cash dividend of 45 cents per share, a 4% increase. The dividend is payable on Sept. 12 to shareholders of record at the end of business on Aug. 20.
Disclosure: I do not own stock in any of the companies mentioned in the article.
