Sunday, April 30, 2023

Week in Review 17/23



 

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:



April 24, 2023


  • €47.58 – Algonquin Power & Utilities Corp. (AQN)


April 26, 2023


  • €51.39 – Cisco Systems, Inc. (CSCO)
  • €84.49 – The Bank of Nova Scotia (BNS)


April 27, 2023


  • €43.96 – Koninklijke Ahold Delhaize N.V. (AMS:AD)


April 28, 2023


  • €111.33 – Altria Group, Inc. (MO)
  • €12.82 – LTC Properties, Inc. (LTC)



Week 17: Total net dividends €351.57


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



Portfolio Holdings News:



April 24, 2023


  • The Coca-Cola Company (KO) Reports First Quarter 2023 Results; KO reports Non-GAAP EPS of $0.68, beating analyst estimates by $0.03 by increasing 5% year-over-year. Revenue grew 4.8% to $11 billion, topping estimates by $220 million. Management expects to deliver comparable currency neutral EPS (non-GAAP) growth of 7% to 9% and comparable EPS (non-GAAP) growth of 4% to 5%, versus $2.48 in 2022.


  • Lockheed Martin Corporation (LMT) was awarded a $2.45B modification to a contract for Phased Array Tracking Radar Intercept on Target, or PATRIOT, Advanced Capability-3 missile production.


  • General Dynamics Corporation (GD) was awarded a $847.26M cost-plus-fixed-fee, cost-plus-award-fee, indefinite-delivery/indefinite-quantity contract to support emergent work, continuous maintenance availabilities, pre-refueling complex overhaul availabilities, ship terminal offload program availabilities, and Chief of Naval Operations scheduled availabilities for Navy aircraft carriers in the Mid-Atlantic region, and is expected to be completed by April 2030.


  • Raytheon Technologies Corporation (RTX) Increases Quarterly Dividend; RTX announced that its Board of Directors declared a dividend of 59 cents per outstanding share of RTX common stock, which represents an increase of 7.3 percent over the prior quarter's dividend amount. The dividend will be payable on June 15, 2023 to shareowners of record at the close of business on May 19, 2023.





April 25, 2023


  • UPM-Kymmene Corporation Reports Q1 2023 Results; UPM reports Comparable Earnings per share of €0.51, missing analyst estimates by €0.22 but increased 21.4% year-over-year. Revenue of € 2,787 million misses analyst estimates by €300 million but grew 11.2% versus the same quarter last year. Management expect comparable EBIT to increase in H1 2023 from H1 2022.



  • Verizon Communications Inc. (VZ) Reports First-Quarter 2023 Results; VZ reports first quarter Non-GAAP EPS of $1.20, 12.5% below last year's result but $0.01 more than expected. Revenue of $32.9 billion misses analyst estimates by $740 million and decreased 1.9% versus the same quarter last year. For 2023 Management guides Total wireless service revenue growth of 2.5% to 4.5%, Adjusted EBITDA $47B to $48.5B, Adjusted EPS $4.55 to $4.85 and Capex $18.25B to $19.25B.


  • Texas Instruments Incorporated (TXN) reports first quarter 2023 financial results; TXN reports GAAP EPS of $1.85, beating analyst estimates by $0.07 but decreasing 21% year-over-year. Revenue of $4.38 billion beats analyst estimates by $10 million but decreased 10.8% versus the same quarter last year. Management's second quarter outlook is for revenue in the range of $4.17 billion to $4.53 billion and earnings per share between $1.62 and $1.88.


  • NextEra Energy, Inc. (NEE) reports first-quarter 2023 financial results; NEE reports first quarter Non-GAAP EPS of $0.84, 13.5% above from last year and $0.11 ahead of estimates. Revenue of $6.72 billion beats analyst estimates by $1.5 billion and increased 132.5% versus the same quarter last year. For 2023 Management continues to expect adjusted earnings per share to be in the ranges of $2.98 to $3.13 and 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.



  • PepsiCo, Inc. (PEP) Reports First-Quarter 2023 Results; PEP reports Non-GAAP EPS of $1.50, beating analyst estimates by $0.11 by increasing 18% year-over-year. Revenue grew 10.2% to $17.85 billion, topping estimates by $580 million. For FY2023, Management now expects to deliver 8 percent organic revenue growth (previously 6 percent), and 9 percent core constant currency EPS growth (previously 8 percent).


  • McDonald's Corporation (MCD) Reports First Quarter 2023 Results; MCD reports Non-GAAP EPS of $2.63, beating analyst estimates by $0.29 and increased 15.0% year-over-year. Revenue grew 4.1% to $5.9 billion, topping estimates by $320 million. Comparable sales increased nearly 13% for the quarter, both globally and across each segment.


  • Raytheon Technologies Corporation (RTX) Reports Q1 2023 Results; RTX reports first quarter Non-GAAP EPS of $1.22, 6% above from last year and $0.09 ahead of estimates. Revenue of $17.2 billion beats analyst estimates by $220 million and increased 9.4% versus the same quarter last year. For FY2023 Management guides Sales of $72B - $73B, Adjusted EPS of $4.90 - $5.05 and Free cash flow of approximately $4.8B.








April 26, 2023



  • NCC AB (NCC) Interim Report Q1 2023; NCC reports sales of SEK 12,464 million, compared to analysts' average estimate of SEK 11,260 million and increased by 23.3% year-over-year. Reported earnings per share were SEK 1.56, which was more than consensus forecast at SEK -0.34.




  • Aflac Incorporated (AFL) Announces First Quarter Results; AFL reports Non-GAAP EPS of $1.55, beating analyst estimates by $0.15 and increased 7.6% year-over-year. Revenue of $4.8 billion beats analyst estimates by $190 million but decreased 9.4% versus the same quarter last year.


April 27, 2023


  • Orion Corporation (ORION) Interim Report 1–3/2023; ORION reports earnings per share €0.31, missing analyst estimates by €0.01 and decreasing 23.4% year-over-year. Revenue of €277.9 million misses analyst estimates by €9.3 million but grew 2.7% versus the same quarter last year. Management estimates that net sales in 2023 will be slightly higher than in 2022 without the EUR 228 million impact from the ODM-208 upfront payment.


  • Nordea Bank Abp (NDA) Reports First-Quarter Results 2023; NDA reports first quarter Diluted earnings per share of €0.31, 48% above from last year and €0.03 ahead of estimates. Revenue of €2,921 million beats analyst estimates by €89 million and increased 19% versus the same quarter last year. NDA’s CET1 ratio decreased to 15.7% from 16.4% due to the capital optimisation associated with the latest share buy-backs.


  • Unilever PLC (UNA) Q1 2023 Trading Statement; UNA reports sales of €14.8 billion, which increased by 7.2% year-over-year. Underlying sales growth accelerated to 10.5%. Third €750 million share buyback tranche, announced in March, will complete in July 2023.



  • AbbVie Inc. (ABBV) Reports First-Quarter 2023 Financial Results; ABBV reports Non-GAAP EPS of $2.46, missing analyst estimates by $0.03 and decreasing 22.2% year-over-year. Revenue fell 9.7% to $12.23 billion, which was in line with expectations. Management raises 2023 Adjusted Diluted EPS Guidance Range from $10.62 - $11.02 to $10.72 - $11.12.



  • Gilead Sciences, Inc. (GILD) Announces First Quarter 2023 Financial Results; GILD reports Non-GAAP EPS of $1.37, missing analyst estimates by $0.17 and decreasing 35.4% year-over-year. Revenue fell 3.6% to $6.35 billion, topping estimates $ 20 million. For the full-year Management expects total sales between $26.0 billion and $26.5 billion and Non-GAAP diluted earnings per share between $6.60 and $7.00.


  • Baxter International Inc. (BAX) Reports First-Quarter 2023 Results; BAX reports Non-GAAP EPS of $0.59 , beating analyst estimates by $0.10 but decreasing 37% year-over-year. Revenue fell 1.6% to $3.65 billion, topping estimates by $50 million. Management expects full-year U.S. GAAP EPS of $1.16 to $1.31 and adjusted EPS of $2.85 to $3.00.


  • Amgen Inc. (AMGN) Reports First Quarter Financial Results; AMGN reports Non-GAAP EPS of $3.98, in line with expectations but decreasing 6% year-over-year. Revenue decreased 2.2% to $6.1 billion, which was $140 million less than expected. For FY 2023 Management guides revenue in the range of $26.2 billion to $27.3 billion and non-GAAP EPS in the range of $17.60 to $18.70.



  • Altria Group, Inc. (MO) Reports 2023 First-Quarter Results; MO reports first quarter Non-GAAP EPS of $1.18, 5.4% above last year's result and $0.01 more than expected. Revenue of $4.76 billion misses analyst estimates by $130 million and decreased 1.2% versus the same quarter last year. Management reaffirm guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13.


  • Lockheed Martin Corporation (LMT) wins a contract of $4.79 billion modification deal for Lots 18 and 19 of the Guided Multiple Launch Rocket System and a contract of $180.36 million modification deal for the production of Terminal High Altitude Area Defense (THAAD) Interceptors and associated one-shot devices to support the US government.


  • Digital Realty Trust, Inc. (DLR) Reports First Quarter 2023 Results; DLR reports FFO of $1.66, in line with expectations but decreasing 0.6% year-over-year. Revenue of $1.34 billion misses analyst estimates by $70 million but increased 18.6% versus the same quarter last year. Management maintained 2023 Core FFO per share outlook of $6.65 - $6.75.



  • Medical Properties Trust, Inc. (MPW) Reports First Quarter Results; MPW reports first quarter FFO of $0.37, a 21.3% below from last year abd $0.01 below of estimates. Revenue of $350.2 million misses analyst estimates by $2.57 million and decreased 14.5% versus the same quarter last year. Management is adjusting its estimate of per share NFFO to $1.50 to $1.61 to account for the impact of announced deleveraging asset sales (and expected $1.4 billion debt reduction).



April 28, 2023





  • Lockheed Martin Corporation (LMT) was awarded $7.8B modification to a previously awarded advanced acquisition contract. This amendment exercises the options for the production and delivery of 126 Lot 17 F-35 aircraft. LMT also was awarded a $615.95M modification contract for production of High Mobility Artillery Rocket Systems.




  • W. P. Carey Inc. (WPC) Announces First Quarter 2023 Financial Results; WPC reports FFO of $1.31, beating analyst estimates by $0.04 but decreased 3% year-over-year. Revenue of $427.79 million beats analyst estimates by $21.55 millionand increased 22.8% versus the same quarter last year. 2023 AFFO guidance range of between $5.30 and $5.40 per diluted share maintained, based on anticipated full year investment volume of between $1.75 billion and $2.25 billion.




Articles that caught my attention:




Thanks for stopping by, have a nice next week!


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