Sunday, January 29, 2023

Week in Review 4/23



 

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:



January 25, 2023


  • € 50.67 – Cisco Systems, Inc. (CSCO)


January 27, 2023


  • € 87.31 – The Bank of Nova Scotia (TSE:BNS)
  • € 61.14 – Canadian Imperial Bank of Commerce (TSE:CM)


Despite the fact that the Hawk was just relaxing, bathing in the sea and sun for most of the week, the portfolio still produced a modest return.



Week 4: Total net dividends € 199.12


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



Portfolio Holdings News:



January 23, 2023





January 24, 2023


  • Verizon Communications Inc. (VZ) Reports 4Q and 2022 Results; Vreports Non-GAAP EPS of $1.19, 10.5% lower than the prior year and in line with expectations. Revenue of $35.3 billion beats analyst estimates by $160 million and increased 3.5% versus the same quarter last year. For 2023 Management expects total wireless service revenue growth of 2.5 percent to 4.5 percent, Adjusted EBITDA of $47.0 billion to $48.5 billion and Adjusted EPS of $4.55 to $4.85.


  • Texas Instruments Incorporated (TXN) reports Q4 2022 and 2022 financial results; TXNreports GAAP EPS of $2.13, beating analyst estimates by $0.15 but decreasing 6% year-over-year. Revenue of $4.67 billion beats analyst estimates by $40 million although decreased 3.3% versus the same quarter last year. Management guides first quarter revenue in the range of $4.17 billion to $4.53 billion and earnings per share between $1.64 and $1.90.


  • Johnson & Johnson (JNJ) Reports Q4 and Full-Year 2022 Results; JNJ reports Non-GAAP EPS of $2.35, beating analyst estimates by $0.11 and increased 10.3% year-over-year. Revenue of $23.7 billion misses analyst estimates by $200 million and decreased 4.4% versus the same quarter last year. Managenent guides 2023 adjusted operational sales growth excluding COVID-19 Vaccine of 4.0% and adjusted operational EPS of $10.50, reflecting growth of 3.5%.



  • Lockheed Martin Corporation (LMT) was awarded a not-to exceed $320M cost-plus-fixed-fee undefinitized modification to a previously awarded advanced acquisition contract.


  • Raytheon Technologies Corporation (RTX) Reports 2022 Results; RTX reports Non-GAAP EPS of $1.27, beating analyst estimates by $0.02 and increased 18% year-over-year. Revenue of $18.09 billion misses analyst estimates by $70 million by increasing 6.2% versus the same quarter last year. For FY2023 Management guides Sales of $72B - $73B, Adjusted EPS of $4.90 - $5.05, Free cash flow of approximately $4.8B and Share repurchase of $3B.


  • Emerson Electric Co. (EMR) Selected to Automate Largest Ethane Cracker in Middle East: EMR will provide automation technologies, software and analytics for the Ras Laffan Petrochemical Complex in Qatar as part of a consortium with Viasat Energy Services, a division of global communications company Viasat (NASDAQ: VSAT). The $6 billion integrated polymers project, a joint venture between QatarEnergy and Chevron Phillips Chemical, is currently under construction and scheduled to go online in late 2026.



  • Magna International Inc. (MGA) Updates 2022 Outlook; MGA reported preliminary unaudited results, total sales for 2022 were approximately $37.8 billion, compared to the range of $37.4 to $38.4 billion disclosed in its November outlook. Adjusted EBIT Margin for 2022 is expected to be approximately 4.3%, which is below the 4.8% to 5.0% range disclosed in its November outlook.




  • Canadian National Railway Company (TSE:CNR) Increase Dividends; CNR’s Board of Directors approved quarterly dividend of C$0.79, an 8% increase versus last year quarterly dividend. This is the 27th consecutive year of dividend increases, demonstrating our confidence in the long-term financial health of the Company.





January 25, 2023



  • AT&T Inc. (T) Reports Fourth-Quarter and Full-Year Results; T reports fourth quarter Non-GAAP EPS of $0.61, an 8.9% above from last year and $0.04 ahead of estimates. Revenue of $31.3 billion misses analyst estimates by $70 million albeit increased 0.7% versus the same quarter last year. For the full year Management expects wireless service revenue growth of 4% or higher, Adjusted EBITDA growth of 3% or higher, Free cash flow of $16 billion or better, up $2 billion from 2022 and Adjusted EPS of $2.35 to $2.45.


  • NextEra Energy, Inc. (NEE) reports fourth-quarter and full-year 2022 financial results; NEE reports Non-GAAP EPS of $0.51, a 24.4% increase from the previous year and $0.02 higher than expected. Revenue of $6.16 billion misses analyst estimates by $420 million albeit increased 22% versus the same quarter last year. For 2023 and 2024, Management continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 vs. consensus of $3.11 and $3.23 to $3.43 vs. consensus of $3.39, respectively. Management also continues to expect to grow its dividends per share at a roughly 10% rate per year through at least 2024, off a 2022 base.


  • Chevron Corporation (CVX) Increases Quarterly Dividend and Announces $75B Stock Repurchase Program; The Board of CVX today declared a quarterly dividend of $1.51 per share, an increase of $0.09 per share or approximately 6 percent. The dividend is payable March 10, 2023, to all holders of common stock as shown on the transfer records of the Corporation at the close of business February 16, 2023. The Board also authorized the repurchase of the company’s shares of common stock in an aggregate amount of $75 billion.


  • Kimberly-Clark Corporation (KMB) Announces Year-End 2022 Results; KMB reports fourth quarter Non-GAAP EPS of $1.54, a 18% above from last year and $0.03 ahead of estimates. Revenue improved 0.6% to $5 billion, $10 million higher than expected. Management guides Net sales in 2023 to increase 0 to 2 percent, including organic sales growth of 2 to 4 percent. Diluted earnings per share is expected to increase 2 to 6 percent.


  • Kimberly-Clark Corporation (KMB) Raises Dividend; KMB's Board of Directors approved to increase the dividend by 1.7 percent to $1.18 per share, up from $1.16 per share in 2022. The first dividend will be payable on April 4, 2023 to stockholders of record on March 10, 2023.



January 26, 2023


  • Telia Company (TELIA) reports year-end Report January-December 2022; TELIA's adjusted EBITDA for the full year was SEK 30 328 million. Analysts expected it to be SEK 30 195 million. In 2021, the adjusted EBITDA was SEK 29 86 million. Revenue in the last quarter was SEK 24 261 million. Analysts had expected SEK 24 291 million. A year ago, revenue amounted to SEK 23 380 million. Telia's Board of Directors propose a dividend of SEK 2.00 to the Annual General Meeting. This is SEK 0.06 less than expected. Last year Telia paid a dividend of SEK 2.05 per share. The board proposes that the dividend would be paid in four instalments of SEK 0.5.



  • Lockheed Martin Corporation's (LMT)Sikorsky was awarded a $656.77M modification to contract W58RGZ-22-C-0010 for UH-60M aircraft.



  • T. Rowe Price Group, Inc. (TROW) Reports Q4 and Full Year 2022 Results; TROW reports Non-GAAP EPS of $1.74, beating analyst estimates by $0.03 but decreased 45.1% year-over-year. Revenue of $1.52 billion misses analyst estimates by $10 million and decreased 22.4% versus the same quarter last year. Net client outflows of $17.1 billion for Q4 2022 and $61.7 billion for 2022.


  • Air Products and Chemicals, Inc. (APD) Increases Quarterly Dividend; APD increased the quarterly dividend by 13 cents per share—from $1.62 to $1.75 per share—representing an eight percent increase. This marks the 41st consecutive year that Air Products has increased its dividend payment. The dividend is payable on May 8, 2023 to shareholders of record at the close of business on April 3, 2023.



  • Archer-Daniels-Midland Company (ADM) Increased Quarterly Dividend; ADM’s Board of Directors has declared a cash dividend of 45.0 cents per share on the company’s common stock. The dividend is payable on March 2, 2023, to shareholders of record on Feb. 9, 2023. This is ADM’s 365th consecutive quarterly payment, a record of 91 years of uninterrupted dividends.


January 27, 2023


  • Chevron Corporation (CVX) Announces Fourth Quarter Results; CVX reports fourth quarter Non-GAAP EPS of $4.09, 59.8% above from last year but $0.20 miss of estimates. Revenue grew 17.3% to $56.47 billion, topping estimates by $2.5 billion. Record annual cash flow from operations of $49.6 billion and free cash flow of $37.6 billion in 2022.




Articles that caught my attention:





Thanks for stopping by, have a nice next week!


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