Week in Review 43/24

 


Welcome and thanks for reading!

In this review, I
will make a summary of important and interesting news and events over
the last week related to my portfolio holdings. Also, I will put
together some interesting articles from other websites that caught my
attention during the past week.



Received
Dividends:



October 21, 2024


€19.87 –
Nutrien Ltd. (NTR)


October 22, 2024


€77.48 – Kesko
Corporation (KESKO)


October 23, 2024


€181.04 –
Orion Corporation (ORION)
€52.55 –
Cisco Systems, Inc. (CSCO)


Week 43: Total net
dividends €330.93


Dividend
income is reported after the deduction of taxes. Check more at my
Monthly
Dividend

sheet.



My Portfolio’s
Transactions:



October 24, 2024


I purchased 15
shares of Canadian National Railway Company (TSE:CNR) at C$153.10 per
share plus commission


At today’s
exchange rate, that purchase 15 shares of CNR will increase €25.18
of my expected annual net dividend income. Following this
acquisition, my portfolio now contains a total of 35 Canadian
National Railway shares at an average purchase price of C$153.99 and
yield on cost is 2.19%. After this acquisition, CNR ’s weight of my
portfolio is about 0.49% and its share of future annual dividend
income is approximately 0.26%.



Portfolio Holdings
News:



October 22, 2024


Tele2
AB (TEL2) interim report third quarter 2024
; TEL2 reports
earnings per share SEK 1.60, 3.9% above last year’s result. Revenue
rose 1.9 percent to SEK 7,390 million, compared to the company’s
analyst consensus of 7,404. Operating profit amounted to SEK 1,663
million (1,554). For 2024 management guides 3-4% organic growth of
end-user service revenue, 1-3% organic growth of underlying EBITDA.


Verizon
Communications Inc. (VZ) Reports Third Quarter 2024 Results
; VZ
reports Q3 Non-GAAP EPS of $1.19, 2.5% below last year’s result but
$0.01 more than expected. Revenue of $33.3 billion misses analyst
estimates by $120 million and decreased 0.1% versus the same quarter
last year. For 2024 Management guides Total wireless service revenue
growth1 of 2.0 percent to 3.5 percent and Adjusted EPS of $4.50 to
$4.70.


Texas
Instruments Incorporated (TXN) Reports Third Quarter 2024 Financial
Results
; TXN reports third quarter GAAP EPS of $1.47, 21% below
last year’s result but $0.10 more than expected. Revenue of $4.15
billion beats analyst estimates by $30 million but decreased 8.4%
versus the same quarter last year. Management guides fourth quarter
revenue in the range of $3.70 billion to $4.00 billion and earnings
per share between $1.07 and $1.29.


Kimberly-Clark
Corporation (KMB) Announces Third Quarter 2024 Results
; KMB
reports Non-GAAP EPS of $1.83, up 5% versus prior year and $0.12
ahead of estimates. Revenue of $5 billion misses analyst estimates by
$50 million and decreased 4% versus the same quarter last year.
Management guides for 2024 Organic Net Sales to grow between 3%-4%
versus a mid-single digit rate previously and Adjusted Operating
Profit and Adjusted Earnings Per Share to grow at a mid-to-high teens
percentage rate on a constant-currency basis.


Philip
Morris International Inc. (PM) Reports 2024 Third-Quarter Results
;
PM reports Q3 Non-GAAP EPS of $1.91, beating analyst estimates by
$0.09 and increased 14.4% year-over-year. Revenue grew 8.4% to $9.91
billion, topping estimates $220 million. For FY24 Management guides
Adjusted Diluted EPS of $6.85-$6.91.


Starbucks
Corporation (SBUX) Announces Increase in Quarterly Cash Dividend
;
SBUX announced that its Board of Directors approved an increase in
the company’s quarterly cash dividend from $0.57 to $0.61 per share
of outstanding Common Stock. This increase will be effective with the
dividend payable on November 29, 2024, to shareholders of record on
November 15, 2024.


Starbucks
Corporation (SBUX) Reports Preliminary Q4 and Full Fiscal Year 2024
Results
; For the fourth quarter of fiscal year 2024, SBUX’s
global comparable store sales declined 7%, and consolidated net
revenues declined 3% to $9.1 billion, or a 3% decline on a constant
currency basis. GAAP earnings per share is $0.80, down 25% over prior
year. Non-GAAP earnings per share is also $0.80, declining 24% on a
constant currency basis.


Lockheed
Martin Corporation (LMT) Reports Third Quarter 2024 Financial
Results
; LMT reports third quarter Non-GAAP EPS of $6.84, 1%
above from last year and $0.40 more than expected. Revenue grew
9.01.3% to $17.1 billion, which was $270 million less than expected.
For FY2024 Management guides Net sales $71,25 billion (prior $70,5 –
$71,5), Diluted earnings per share $26.65 (prior $26.10 – $26.60) and
Free cash flow $6,20 billion (prior $6,0 0- $6,30).



RTX
Corporation (RTX) Reports Third Quarter 2024 Results
; RTX reports
Q3 Non-GAAP EPS of $1.45, beating analyst estimates by $0.11 and
increased 16% year-over-year. Revenue grew 5.8% to $20.1 billion,
topping estimates by $280 million. Company backlog of $221 billion;
including $131 billion of commercial and $90 billion of defense. For
2024 Management updates Adjusted sales of $79.25 – $79.75 billion, up
from $78.75 – $79.5 billion and Adjusted EPS of $5.50 – $5.58, up
from $5.35 – $5.45.


Canadian
National Railway Company (TSE:CNR) Announces Third Quarter Results
;
CNR reports Q3 Non-GAAP EPS of C$1.72, beating analyst estimates by
C$0.02 and increased 1.8% year-over-year. Revenue grew 3.0% to C$4.11
billion, topping estimates by C$30 million. Management guides 2024
adjusted diluted EPS growth in the low single-digit range and
2024-2026 compounded annual adjusted diluted EPS growth in the high
single-digit range.


October 23, 2024


AT&T
Inc. (T) Reports Third-Quarter Results
; T reports third quarter
Non-GAAP EPS of $0.60, down from $0.64 a year earlier but $0.03 ahead
of estimates. Revenue of $30.2 billion misses analyst estimates by
$250 million and decreased 0.5% versus the same quarter last year.
For 2024 Management guides Free cash flow in the $17-$18 billion
range and Adjusted EPS in the $2.15-$2.25 range.


QUALCOMM
Incorporated (QCOM) Announces Multi-Year Strategic Collaboration
with Google
; QCOM announced a multi-year technology
collaboration with Google aimed at advancing digital transformation
in automotive. Building on a long-standing relationship, the
companies will leverage complementary technologies from the
Snapdragon Digital Chassis™, Android™ Automotive OS and Google
Cloud to produce a new standardized reference platform for the
development of cockpit solutions using generative artificial
intelligence (Gen AI).


NextEra
Energy, Inc. (NEE) Reports Third-Quarter 2024 Financial Results
;
NEE reports Q3 Non-GAAP EPS of $1.03, beating analyst estimates by
$0.06 and increased 9.6% year-over-year. Revenue grew 5.6% to $7.57
billion, missing analyst estimates by $440 million. For 2024,
Management continues to expect adjusted earnings per share to be in
the range of $3.23 to $3.43. For 2025, 2026 and 2027, NextEra Energy
expects adjusted earnings per share to be in the ranges of $3.45 to
$3.70, $3.63 to $4.00 and $3.85 to $4.32, respectively.


Pinnacle
West Capital Corporation (PNW) Raises Quarterly Dividend
; PNW’s
board of directors voted today to raise the Company’s dividend by
about 1.7%, or 6 cents per common share annually. The declared
quarterly dividend is payable Dec. 2, 2024, to shareholders of record
at the close of business Nov. 4, 2024.


The
Coca-Cola Company (KO) Reports Third Quarter 2024 Results
; KO
reports Q3 Non-GAAP EPS of $0.77, up 5% versus prior year and $0.02
ahead of estimates. Revenue of $11.9 billion beats analyst estimates
by $290 million but decreased 0.8% versus the same quarter last year.
For FY2024 Management guides Non-GAAP EPS growth of 5% to 6%, versus
$2.69.


General
Dynamics Corporation (GD) Reports Third-Quarter 2024 Financial
Results
; GD reports Q3 GAAP EPS of $3.35, 10.2% above last year’s
result but $0.16 less than expected. Revenue of $11.7 billion missing
analyst estimates by $60 million but increased 10.4% versus the same
quarter last year. The consolidated book-to-bill ratio, defined as
orders divided by revenue, was 1.1-to-1 for the quarter. Company-wide
backlog was $92.6 billion.


L3Harris
Technologies, Inc. (LHX) and Palantir Announce Strategic Partnership
;
LHX and Palantir Technologies Inc. (NYSE: PLTR) announced a strategic
partnership to propel advanced technology development and accelerate
L3Harris’ digital transformation.


October 24, 2024


Neste
Corporation (NESTE) Interim Report for January–September 2024
;
NESTE reports third quarter comparable EPS of €0.03, €0.67 below
last year’s result. Revenue of €5,624 million beats analyst
estimates by €540 million but decreased 5.8% versus the same
quarter last year. Comparable EBITDA sank to €293 million, compared
to €1,047 million in the second quarter of last year while the
analyst consensus forecast expected a comparable EBITDA of around
€348 million.


Neste
Corporation (NESTE) to re-evaluate its renewable hydrogen plan
;
NESTE has decided to withdraw from investing into a 120 MW
electrolyzer project to produce renewable hydrogen at its Porvoo
refinery in Finland.


Orion
Corporation (ORION) Terminates ODM-111 Development Program
; ORION
has decided to terminate the ODM-111 development program based on the
risk-benefit analysis on the results of a longer non-clinical
toxicology study. Recent findings indicate that the profile of the
ODM-111 molecule does not support long-term use of ODM-111 and
progression to later-stage development.


Tietoevry
Corporation (TIETO) Interim Report for January–September 2024
;
TIETO reports Q3 EPS of €0.32, 13.5% below last year’s result.
Revenues fell by 0.8% to €655 million. For 2024 Management guides
organic growth to be around -2% (revenue in 2023: EUR 2 851.4
million).


Telia
Company (TELIA) Interim Report January – September 2024
; TELIA
reports Q3 Earnings per share of SEK0.59, beating analyst estimates
by SEK0.14 and increased 47.5% year-over-year. Revenue of SEK21,749
million misses analyst estimates by SEK286 million and decreased 0.9%
versus the same quarter last year.


Unilever
plc (AMS:UNA) Trading Statement – Third Quarter 2024
; UNA
reports turnover for the third quarter of €15.25 billion, compared
with €15.24 billion a year ago. UNA reported underlying sales
growth of 4.5% in the third quarter, as compared to analysts’
expectations of 4.2%. Management continues to expect underlying sales
growth in the range of 3% to 5%, and underlying operating margin to
be at least 18%.


L3Harris
Technologies, Inc. (LHX) Reports Third Quarter 2024 Results
; LHX
reports third quarter Non-GAAP EPS of $3.34, 5% above from last year
and $0.08 more than expected. Revenue grew 7.7% to $5.3 billion,
topping estimates by $20 million. Orders of $7.2 billion. For FY24
Management guides revenue of $21.1B – $21.3B and Non-GAAP EPS of
$12.95 – $13.15.


United
Parcel Service, Inc. (UPS) Releases 3Q 2024 Earnings
; UPS reports
third quarter Non-GAAP EPS of $1.76, 12.1% above from last year and
$0.14 more than expected. Revenue grew 5.4% to $22.2 billion, which
was $70 million more than expected. For FY2024 Management guides
Consolidated revenue to be approximately $91.1 billion.


Union
Pacific Corporation (UNP) Reports Third Quarter 2024 Results
; UNP
reports Q3 GAAP EPS of $2.75, 9.6% above last year’s result but $0.03
less than expected. Revenue of $6.09 billion misses analyst estimates
by $50 million but increased 2.5% versus the same quarter last year.
Fourth quarter results expected to be consistent sequentially from
third quarter while improving year-over-year versus the fourth
quarter 2023.


Digital
Realty Trust, Inc. (DLR) Reports Third Quarter 2024 Results
; DLR
reports FFO of $1.67, in line with analyst estimates and increasing
53.1% year-over-year. Revenue of $1.43 billion was in line with
analyst estimates and grew 2.1% versus the same quarter last year.
Management raised its 2024 Core FFO per share and Constant-Currency
Core FFO per share outlook to $6.65 – $6.75.


October 25, 2024


NCC
AB (NCC) Interim report Q3 2024
; NCC reports turnover increase
1.8% to SEK 14,277 million (14,022). This compares analyst consensus
of SEK 13,976. Operating profit amounted to SEK 665 million (789),
with an expected operating profit of SEK 591 million. Earnings per
share amounted to SEK 4.83 (6.36). Order intake amounted to SEK
13,264 million (9,681), which is 10.0 percent higher than analyst
consensus.


Kontoor
Brands, Inc. (KTB) Increased Quarterly Dividend
; KTB announced
that its Board of Directors has declared a regular quarterly cash
dividend of $0.52 per share of its common stock, an increase of $0.02
or 4 percent. The cash dividend will be payable on December 19, 2024,
to shareholders of record at the close of business on December 9,
2024.


RTX Corporation
(RTX) has been awarded
an estimated $900M contract modification from the U.S. Missile
Defense Agency, for a two-year extension of a delivery contract that
will increase the contract ceiling from $1.7B to $2.6B.



Articles that
caught my attention:



Undervalued
Dividend Growth Stock of the Week: Realty Income (O)
by Jason
Fieber at Daily Trade Alert
iShares
U.S. Quality Dividend ETF is crushing SCHD in 2024, on the Sunday
Reads
by Dale Roberts at Cut the Crap Investing
Dividend
Kings In Focus: Archer Daniels Midland
by Felix Martinez at Sure
Dividend
How
To Boost Your Retirement Income Well Beyond The 4% ‘Rule’
by Dale
Roberts at Seeking Alpha
2
Ways to value dividend-paying shares
by John Kingham at
UKDividendStocks
It
Could Be The Best Time ‘Ever’ To Buy Dividend Stocks
by Leo
Nelissen at Seeking Alpha
Wealth-Building
Rules to Live By
by Mark at My Own Advisor
Very
Good News For Big Dividend Infrastructure Stocks
by Samuel Smith
at Seeking Alpha
Walmart
Is NOT A Safe Investment Decision at the Current Valuation
by
Charles Fournier at Dividend Power
Forget
AI Stocks, Buy These 2 Big Dividends Instead
by Rida Morwa at
Seeking Alpha
Kimberly-Clark
Co. (KMB) Dividend Stock Analysis
by D4L at Dividend Growth
Stocks
Dividend
Kings In Focus: Sysco Corporation
by Felix Martinez at Sure
Dividend
Goeasy
Stock – Important KPI for the Company Creeping Upward
by Dylan
Callaghan at Stocktrades
Stock
Split: How It Works and Why Companies Do It
by Christine Seaver
at Dividend Power
Trump
Or Harris? Here Are 3 Undervalued Dividend Stocks That Should Win No
Matter What
by Leo Nelissen at Seeking Alpha



Thanks for
stopping by!

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