Week in Review 30/21

 

 

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:

 

 

July 28, 2021

 

• € 45.39 – Cisco Systems, Inc.
• € 74.76 – The Bank of Nova Scotia
• € 36.75 – Canadian Imperial Bank of Commerce

 

July 30, 2021

 

• € 11.86 – LTC Properties, Inc.

 

 

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

 

 

Portfolio Holdings News:

 

 

July 26, 2021

 

• Lockheed Martin Corporation (LMT) Reports Second Quarter 2021 Results; LMT reports GAAP EPS of $6.52, a 12.6% increase from the previous year but $0.01 lower than expected. Revenue improved 5.0% to $17.03 billion, $100 million higher than expected.

 

• Archer-Daniels-Midland Company (ADM) buys the largest producer of plant-based protein in southern Europe; ADM announced that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients. Established in 1977, Serbia-based Sojaprotein has sales into 65 countries.

 

July 27, 2021

• Neste Corporation (NESTE) Half-Year Financial Report for January–June 2021; NESTE reports second quarter comparable EPS of €0.31, 19.2% higher than the prior. Revenue improved 17.5% to €3,022 million.

 

• WEC Energy Group, Inc. (WEC) to acquire 90% ownership of Sapphire Sky Wind Energy Center; The Sapphire Sky site will consist of 64 wind turbines with a combined capacity of 250 megawatts. Commercial operation is expected by the end of 2022. WEC’s investment is expected to total $412 million for the 90% ownership interest.

 

• Starbucks Corporation (SBUX) Reports Q3 Fiscal 2021 Results; SBUX reports GAAP EPS of $0.97, up from a loss of $0.58 in the prior year and beating analyst estimates by $0.20. Revenue of $7.5 billion beats analyst estimates by $230 million and increases 77.7% versus the same quarter last year.

 

• Triton International Limited (TRTN) Reports Second Quarter 2021 Results; TRTN reports Non-GAAP EPS of $2.14, 149% increase from the previous year and $0.18 higher than expected. Revenue increased 15.1% to $369.8 million, but $2.63 million lower than expected.

 

• Raytheon Technologies Corporation (RTX) Reports Second Quarter 2021 Results; RTX reports second quarter Non-GAAP EPS of $1.03, 164% higher than the prior year and $0.10 above estimates. Revenue improved 11.2% to $15.88 billion, $50 million better than expected.

 

 

• Raytheon Technologies Corporation (RTX) awarded a $212M delivery order against the F100 production program’sID/IQ contract for F100-PW-229 install engines.

 

• 3M Company (MMM) Reports Second-Quarter 2021 Results; MMM reports second quarter GAAP EPS of $2.59, 15.1% above last year's result and $0.34 higher than expected. Revenue improved 24.7% to $8.95 billion, $360 million higher than expected.

 

• United Parcel Service, Inc. (UPS) Releases 2Q 2021 Earnings; UPS reports diluted EPS of $3.05, beating analyst estimates by $0.25 and increasing 50.2% year-over-year. Revenue of $23.4 billion beats analyst estimates by $230 million and increases 14.5% versus the same quarter last year.

 

• Visa Inc. (V) Reports Fiscal Third Quarter 2021 Results; V reports third quarter Non-GAAP EPS of $1.49, 41% higher than the prior year and $0.14 above estimates. Revenue improved 26.7% to $6.13 billion, $270 million better than expected.

 

• Archer-Daniels-Midland Company (ADM) Reports Second Quarter Earnings; ADM reports second quarter GAAP EPS of $1.26, 50% higher than the prior year and $0.25 above estimates. Revenue improved 40.8% to $22.93 billion, $4.63 billion better than expected.

 

• Inter Pipeline Ltd. (IPL) Board Recommends Brookfield's Revised Offer; IPL announced that its Board of Directors is recommending acceptance of the revised takeover offer from an affiliate of Brookfield Infrastructure Partners L.P.

 

July 28, 2021

 

• Verizon Communications Inc. (VZ) has won a $78.8M Enterprise Infrastructure Solutions (EIS) task order for network modernization services to the Air National Guard Readiness Center.

 

• QUALCOMM Incorporated (QCOM) Announces Third Quarter Fiscal 2021 Results; QCOM reports third quarter diluted EPS of $1.77, 139% above last year's result and $0.40 higher than expected. Revenue increased 64.5% to $8.06 billion, topping estimates by $500 million.

 

• Pfizer Inc. (PFE) Reports Second-Quarter 2021 Results; PFE reports GAAP EPS of $0.98, beating analyst estimates by $0.22 and increasing 58% year-over-year. Revenue of $19 billion beats analyst estimates by $270 million and increases 93% versus the same quarter last year.

 

• Bristol-Myers Squibb Company (BMY) Reports Second Quarter Financial Results for 2021; BMY reports second quarter Non-GAAP EPS of $1.93, 18% higher than the prior year and $0.03 above estimates. Revenue improved 15.5% to $11.73 billion, $470 million better than expected.

 

• McDonald's Corporation (MCD) Reports Second Quarter 2021 Results; MCD reports second quarter GAAP EPS of $2.95, 354% above last year's result and $0.84 higher than expected. Revenue improved 56.6% to $5.89 billion, $320 million higher than expected.

 

• General Dynamics Corporation (GD) Reports Second-Quarter 2021 Financial Results; GD reports GAAP EPS of $2.61, 19.7% higher than the prior year and $0.07 better than expected. Revenue declined 0.5% to $9.22 billion, $100 million below estimates.

 

• Raytheon Technologies Corporation (RTX) awarded ~$482.9M modification to contract FA8675-21-C-0034 for Advanced Medium Range Air-to-Air Missile (AMRAAM) Production Lot 35.

 

• Aflac Incorporated (AFL) Announces Second Quarter Results; AFL reports GAAP EPS of $1.62, beating analyst estimates by $0.37 and increasing 44.6% year-over-year. Revenue of $5.56 billion beats analyst estimates by $190 million and increases 2.9% versus the same quarter last year.

 

 

July 29, 2021

 

• Edison International (EIX) Reports Second Quarter 2021 Results; EIX reports GAAP EPS of $0.84, 1.2% lower than the prior year and $0.15 lower than expected. Revenue improved 10.7% to $3.31 billion, $30 million higher than expected.

 

• Gilead Sciences, Inc. (GILD) Announces Second Quarter 2021 Financial Results; GILD reported second quarter adjusted EPS of $1.21 compared to net loss per share of $2.66 for the same period in 2020, but $0.22 below estimates. Revenue increased 21.0% to $6.22 billion, $140 million more than expected.

 

• Baxter International Inc. (BAX) Reports Second-Quarter 2021 Results; BAX reports second quarter GAAP EPS of $0.59, a 23% increase from the previous year, but $0.10 lower than expected. Revenue improved 14.0% to $3.1 billion, but was $10 million less than expected.

 

• Altria Group, Inc. (MO) Reports 2021 Second-Quarter and First-Half Results; MO reported second quarter GAAP EPS of $1.16, a 11.5% increase from the previous year but $0.01 below estimates. Revenue fell 12.1% to $5.6 billion, but was $240 million more than anticipated.

 

• T. Rowe Price Group, Inc. (TROW) Reports Second Quarter 2021 Results; TROW reports second quarter diluted EPS of $3.46, 35.7% above last year's result and $0.23 higher than expected. Revenue improved 35.9% to $1.93 billion, $20 million higher than expected.

 

• Digital Realty Trust, Inc. (DLR) Reports Second Quarter 2021 Results; DLR reports second quarter FFO of $1.54, $0.04 lower than expected. Revenue increased 9.8% to $1.09 billion, topping estimates by $20 million.

 

• Digital Realty Trust, Inc. (DLR) to Extend Global Reach of PlatformDIGITAL® with Development of 64-Megawatt Facility in South Korea; DLR announced today it has acquired a land parcel in Seoul, South Korea expected to support the development of up to 64 megawatts of critical IT capacity.

 

• LTC Properties, Inc. (LTC) Reports 2021 Second Quarter Results; LTC reports second quarter FFO of $0.57, 83.9% better than last year but $0.07 less than expected. Revenue declined 33.9% to $38.13 million, $4.26 million below estimates.

 

• TC Energy Corporation (TRP) reports second quarter financial results; TRP reports Non-GAAP EPS of CA$1.07 16.3% above last year's result and C$0.11 higher than expected.. Revenue increased 3% to CA$3.2 billion.

 

• Fortis Inc. (FTS) Releases Second Quarter 2021 Results; FTS reported second quarter Non-GAAP EPS of C$0.55, which was a decline of 1.8% but C$0.08 above estimates. Revenue increased 2.55% to $2,130 million.

 

• Canadian Utilities Limited (CU) Reports Higher Second Quarter 2021 Adjusted Earnings; CU announced second quarter 2021 adjusted earnings of C$115 million, or C$0.43 per share, C$21 million or C$0.09 per share higher compared to C$94 million, or C$0.34 per share, in the second quarter of 2020. Revenue increased 6.8% to C$790 million.

 

July 30, 2021

 

• Chevron Corporation (CVX) Announces Second Quarter 2021 Results; CVX reports second quarter adjusted EPS of $1.60, $0.07 ahead of estimates. Revenue grew 178.7% to $37.6 billion, topping estimates by $1.62 billion.

 

• AbbVie Inc. (ABBV) Reports Second-Quarter 2021 Financial Results; ABBV reports second quarter diluted EPS of $0.42, $1.23 lower than expected. Revenue grew 33.8% to $13.96 billion, which beat estimates by $320 million.

 

• Bristol-Myers Squibb Company (BMY) Receives European Commission Approval for Opdivo; BMY announced that the European Commission (EC) has approved Opdivo (nivolumab) for the adjuvant treatment of adult patients with esophageal or gastroesophageal junction (GEJ) cancer who have residual pathologic disease following prior neoadjuvant chemoradiotherapy (CRT).

 

• V.F. Corporation (VFC) Reports First Quarter Fiscal 2022 Results; VFC reports GAAP EPS of $0.39, $0.28 higher than expected. Revenue increased 102.8% to $2.9 billion, $20 million higher than expected.

 

• Illinois Tool Works Inc. (ITW) Reports Second Quarter 2021 Results; ITW reports second quarter adjusted EPS of $2.45, 143% higher than the prior year and $0.36 above estimates. Revenue improved 43.8% to $3.68 billion, $120 million better than expected.

 

• Lockheed Martin Corporation (LMT) is awarded ~$108.75M cost-plus-incentive-fee modification to previously awarded contract N00024-13-C-5116 for AEGIS combat system engineering agent efforts for the design, development, integration, test and delivery of Advanced Capability Build 20.

 

• Lazard Ltd (LAZ) Reports Second-Quarter and First-Half 2021 Results; LAZ reports second quarter adjusted EPS of $1.08, a 64% increase from the previous year and $0.29 higher than expected. Revenue improved 43.8% to $823.1 million, topping estimates by $164.92 million.

 

• W. P. Carey Inc. (WPC) Announces Second Quarter 2021 Financial Results; WPC reports second quarter FFO of $1.27, an 11.4% increase from the previous year and $0.09 ahead of estimates. Revenue improved 10.1% to $319.7 million, $4.67 million higher than expected.

 

• TELUS Corporation (T) reports operational and financial results for second quarter 2021; T reports second quarter adjusted EPS of C$0.26, 4% higher than the prior year and C$0.06 above estimates. Revenue improved 10.2% to C$4.11 billion, C$840 million better than expected.

 

• Enbridge Inc. (ENB) Reports Second Quarter 2021 Financial Results; ENB reports second quarter GAAP EPS of C$0.69, a decline of 15.9% from the prior year but C$0.12 higher than expected. Distributable Cash Flow (DCF) of C$2.5 billion or C$1.24 per common share, 2.75% higher than the previous year.

 

 

Articles that caught my attention:

 

 

• Undervalued Dividend Growth Stock of the Week: JPMorgan Chase (JPM) by Jason Fieber, Mr. Free at 33, at Daily Trade Alert
• Monthly Review Of DivGro: June 2021 by FerdiS at DivGro
• Stanley Black & Decker: A Dividend King in Focus by Dividend Growth Investor
• Wall Street Believes Tyson Foods Has 17% Upside, I Agree And Have Started A Long Position by C Jessen at Seeking Alpha
• CVS: Why Now May Be The Time by Chuck Walston at Seeking Alpha
• Will Amazon Stock Ever Pay Dividends? What To Consider by Jonathan Weber at Seeking Alpha
• Lockheed Martin – Stock Analysis Update by Financial Freedom Is A Journey
• Watchlist For Stocks: A Must-Have Tool To Monitor Investment Opportunities by by Graham at Reverse the Crush
• 3 Dividend Stocks Yielding Over 4% by Dividend Power at Sure Dividend
• Dividend Income from YOU the Bloggers! – June 2021 by Lanny and Bert at Dividend Diplomats
• Exxon Mobil Corporation (XOM) Dividend Stock Analysis by D4L at Dividend Growth Stocks
• 5 Blue-Chip Bargains That Create The World's Safest 6% Yielding Retirement Portfolio by Dividend Sensei at Seeking Alpha
• Enterprise Products Partners: 3 Important Takeaways From Q2 2021 Results by Samuel Smith at Seeking Alpha
• Brookfield Renewable: Profit From This $128 Trillion Megatrend by Brad Thomas at Seeking Alpha
• 7 Discounted Dividend Growth Stocks With Accelerating Total Returns by FerdiS at Seeking Alpha
• Dividend Growth Stock of the Month for August 2021: Bristol-Myers Squibb (BMY) by David Van Knapp at Daily Trade Alert

 

 

Thanks for stopping by, have a nice next week!