Week in Review 44/20

 

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 28, 2020

 

• € 323.14 – Telia Company
• € 70.83 – Scotiabank
• € 34.82 – Canadian Imperial Bank of Commerce

 

 

October 30, 2020

 

• € 12.08 – LTC Properties Inc.

 

 

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

 

 

My Portfolio's Transactions:

 

 

October 26, 2020

 

• I sold all 100 shares of Genworth MI Canada Inc. (MIC.TO)

• I purchased 10 shares of General Dynamics Corporation (GD)

 

 

October 28, 2020

 

• I purchased 25 shares of Raytheon Technologies Corporation (RTX)
• I purchased 20 shares of ONEOK, Inc. (OKE)

 

 

Portfolio Holdings News:

 

 

October 26, 2020

 

• General Dynamics Corporation (GD) awarded $761 million GSA contract for U.S. Southern Command cyber modernization

 

 

October 27, 2020

 

• UPM-Kymmene Corporation (UPM) Interim Report Q3 2020; UPM reports revenue of EUR 2,028 million, declining 19% year-over-year and missing estimates by $55 million. Comparable EBIT was EUR 215 million, down 37% year-over-year, but beats analyst estimates by $40 million.

 

• 3M Company (MMM) Reports Third-Quarter 2020 Results; MMM reports third quarter adjusted EPS of $2.43, a decline of 5.8% year-over-year but $0.16 ahead of estimates. Revenue improved 5.1% to $8.4 billion, $20 million higher than expected.

 

• Pfizer Inc. (PFE) Reports Third-Quarter 2020 Results; PFE reported third quarter adjusted EPS of $0.72, 4% below the prior year but $0.01 better than expected. Revenue fell 4.3% to $12.1 billion, $170 million lower than expected. Pfizer Continue to Expect to Close the Upjohn Transaction with Mylan N.V. (Mylan) in the Fourth Quarter of 2020.

 

• Raytheon Technologies Corporation (RTX) Reports Third Quarter 2020 Results; RTX reported adjusted EPS of $0.58, $0.08 better than expected. Revenue grew 32% to $15 billion, $170 million lower than expected.

 

• Aflac Incorporated (AFL) Announces Third Quarter Results: AFL reports third quarter adjusted EPS of $1.39, 20% higher than the prior year and $0.25 above estimates. Revenue improved 2.9% to $5.7 billion, $200 million better than expected.

 

• ONEOK, Inc. (OKE) Reports Third Quarter 2020 Results; OKE reports third quarter GAAP EPS of $0.70, a decrease of 5.7% from the prior year but $0.08 better than expected. Revenue fell 5% to $1.85 billion, missing estimates by $670 million.

 

• Visa Inc. (V) to Acquire YellowPepper

 

 

 

 

October 28, 2020

 

• General Dynamics Corporation (GD) Reports Third-Quarter 2020 Results; GD reports third quarter GAAP EPS of $2.90, a 7.6% decline year-over-year but $0.04 ahead of expectations. Revenue fell 3.4% to $9.4 billion, $220 million lower than expected.

 

• United Parcel Service, Inc. (UPS) Releases 3Q 2020 Earnings; UPS reports third quarter adjusted EPS of $2.28, 10.1% higher than the previous year and $0.39 better than expected. Revenue increased 15.9% to $21.2 billion, topping estimates by $980 million.

 

• Visa Inc. (V) Reports Fiscal Fourth Quarter and Full-Year 2020 Results; V reported fourth quarter adjusted EPS of $1.12, a 24% decline from the prior year but $0.02 ahead of estimates. Revenue was down 17% to $5.1 billion, but topped expectations by $70 million. Visa also raised its quarterly dividend by 6.7% to $0.32, giving the stock a forward yield of 0.7%. The company has now increased its dividend for the past 13 consecutive years.

 

• Gilead Sciences, Inc. (GILD) Announces Third Quarter 2020 Financial Results; GILD reports third quarter adjusted EPS of $2.11, 29% higher than the previous year and $0.22 better than expected. Revenue increased 17.1% to $6.56 billion, topping estimates by $260 million.

 

 

October 29, 2020

 

• Kesko Corporation (KESKO) Interim Report Q3 2020; KESKO reports revenue of EUR 2,652 million, declining 5.4% year-over-year and missing estimates by $9 million. Comparable EPS were €0.33 up 32% year-over-year.

 

• Bonava AB (BONAVA) sells 175 rental apartments in Umeå

 

• ConocoPhillips (COP) Reports Third-Quarter 2020 Results; COP reports a third quarter adjusted EPS loss of $0.31, in-line with estimates but compares unfavorably to EPS of $0.82 in the previous year. Revenue was lower by 57% to $4.4 billion, $600 million better than expected.

 

• Kontoor Brands, Inc. (KTB) Reports Third Quarter 2020 Results; KTB reports third quarter adjusted EPS of $1.33, a 40% improvement from the prior year and $0.75 better than expected. Revenue was down 8.6% to $583.2 million, $34.1 million above estimates. The company also reinstates its quarterly dividend of $0.40. This is a 28.6% decrease from the dividend that was distributed 3/20/2020. The stock's forward yield is 5.1%.

 

• The Kraft Heinz Company (KHC) Reports Third Quarter 2020 Results; KHC reports adjusted EPS of $0.70, 1.4% better than the previous year and $0.08 better than expected. Revenue increased 6% to $6.4 billion, topping estimates by $120 million.

 

• T. Rowe Price Group, Inc. (TROW) Reports Third Quarter 2020 Results; TROW reports third quarter adjusted EPS of $2.55, 19.7% above last year's result and $0.12 higher than expected. Revenue improved 11.9% to $1.6 billion, $30 million higher than expected.

 

• Lazard Ltd (LAZ) Reports Third-Quarter and Nine-Month 2020 Results; LAZ reports third quarter adjusted EPS of $0.67, 12% lower than the prior year but $0.21 higher than expected. Revenue declined 2.1% to $598.02 million, $91.23 million higher than expected.

 

• Omega Healthcare Investors, Inc. (OHI) Reports Third Quarter 2020 Results; OHI reports third quarter FFO of $0.82, a 7.9% increase from the previous year and $0.03 ahead of estimates. Revenue was down 59% to $81.2 million, $133 million less than expected.

 

• Starbucks Corporation (SBUX) Reports Q4 Fiscal 2020 Results; SBUX reports fourth quarter adjusted EPS of $0.51, 27% lower than the prior year but $0.20 better than expected. Revenue declined 8.1% to $6.2 billion, but topped estimates by $130 million.

 

• LTC Properties, Inc. ( LTC) Reports 2020 Third Quarter Results; LTC reports third quarter FFO of $0.58, 33% lower than last year and $0.12 lower than expected. Revenue declined 19% to $38.17 million, $5.57 million below estimates.

 

• Canadian Utilities Limited (TSE: CU) Reports Third Quarter 2020 Earnings; CU announced third quarter 2020 adjusted earnings of $76 million, or $0.28 per share, compared to $106 million, or $0.39 per share, in the third quarter of 2019.

 

 

October 30, 2020

 

• Bonava AB (BONAVA) sells 131 rental apartments in Turku, Finland

 

• AbbVie Inc. (ABBV) Reports Third-Quarter 2020 Financial Results; ABBV reports adjusted EPS of $2.83, a 21.5% increase from the previous year and $0.06 better than expected. Revenue increased 52.1% to $12.9 billion, $190 million above what analysts had expected. The company also increased its quarterly dividend 10.2% to $1.30, giving the stock a 6.5% forward yield. The company has increased its dividend for nine consecutive years.

 

• Altria Group, Inc. (MO) Reports 2020 Third-Quarter Results; MO reports adjusted EPS of $1.19, matching the prior year's result but topping expectations by $0.03. Revenue improved 4.8% to $5.7 billion, $140 ahead of estimates. The company also wrote down its investment in Juul to $10 billion.

 

• Archer-Daniels-Midland Company (ADM) Reports Third Quarter Earnings; ADM reports third quarter adjusted EPS of $0.89, 15.6% better than the prior year and $0.17 ahead of estimates. Revenue declined 9.6% to $15.1 billion and was $1.6 billion less than expected.

 

• Chevron Corporation (CVX) Announces Third Quarter 2020 Results; CVX reports third quarter adjusted EPS of $0.11, a 93% decline from the prior year but $0.38 above estimates. Revenue fell 32.3% to $24.5 billion, $1.9 billion below expectations.

 

• W.P. Carey Inc. (WPC) Announces Third Quarter 2020 Financial Results; WPC reports third quarter FFO of $1.15, 5.5% higher than last year and $0.05 above estimates. Revenue declined 1.8% to $297.3 million, $0.4 million better than expected.

 

• Pinnacle West Capital Corp. (PNW) Reports 2020 Third-Quarter Earnings; PNW reports adjusted EPS of $3.07, a 10.8% increase from the previous year and $0.17 better than expected. Revenue increased 5% to $1.25 billion, $30 million above what analysts had expected.

 

• Fortis Inc. (TSE: FTS) Reports Third Quarter 2020 Earnings; FTS reports third quarter adjusted EPS of CA$0.65 and CA$0.16 above estimates. Revenue increased 3.4% to CA$2.12 billion, CA$460 million above what analysts had expected.

 

 

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: Walgreens Boots Alliance (WBA) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Dividend Stock Watch List: Lanny’s November 2020 Edition by Lanny at Dividend Diplomats
• Inexpensive AbbVie's High Dividend Yield Makes It A Buy by Jonathan Weber at Seeking Alpha
• The 15 Safest Dividend Aristocrats To Buy Before The Election by Dividend Sensei at Seeking Alpha
• Lockheed Martin: A Dynamite Dividend Increase by Kody's Dividends at Seeking Alpha
• Clean Energy Vs. Oil & Gas: The Biggest Lie Of 2020 by Robert & Sam Kovacs at Seeking Alpha
• The Dividend Discount Model – A Key Valuation Technique by DivGuy at Dividend Monk
• Brookfield Asset Management Inc. by SPBrunner at Investment Talk
• 76 US Wide Moat Dividend Growth Stocks by DGI&R at Dividend Growth Investing & Retirement
• Target Stock Analysis (TGT) & Target Dividend Review by Tom at Dividends Diversify
• The 65 Dividend Aristocrats Ranked By Quality Score by FerdiS at Seeking Alpha
• How to find companies for my dividend portfolio by Dividend Growth Investor
• Sysco: A Good Entry Point For Long-Term Investors by Carles Diaz Caron at Seeking Alpha
• Dividend Stock Showdown: AT&T Stock vs. Verizon Stock by Dividend Diplomats
• Consolidated Edison, Inc. (ED) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• Exxon Mobil (XOM): The Low Dividend Safety Can’t Be Ignored by Dividend Power
• Is Metro (TSE:MRU) Canada’s Best Defensive Stock? By Dylan Callaghan at Stocktrades

 

 

Thanks for stopping by, have a nice next week!