Sunday, February 2, 2025

Week in Review 5/25



 

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 28, 2025


  • €67.36 – Canadian Imperial Bank of Commerce (CM)


January 29, 2025


  • €86.88 – Scotiabank (BNS)


January 31, 2025


  • €41.45 – Edison International (EIX)
  • €13.56 – LTC Properties, Inc. (LTC)
  • €103.80 – The Toronto-Dominion Bank (TD)
  • €69.12 – TC Energy Corporation (TRP)
  • €12.22 – South Bow Corporation (SOBO)


Week 5: Total net dividends €394.38



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



My Portfolio's Transactions:



January 30, 2025


  • I closed my V.F. Corporation (VFC) position by selling 85 shares at $26.30 per share plus commission.


At today's exchange rate, this sale of 85 VFC shares will reduce €21.94 of my expected annual net dividend income.



  • I opened a new position and purchased 15 shares of The Hershey Company (HSY) at $150.24 per share plus commission.


At today's exchange rate, buying 15 shares of Hershey (HSY) at $150.24 per share (plus a $5.21 commission) has increased my expected annual net dividend income by €58.99. With a starting yield on cost of 3.64%, HSY now makes up about 0.29% of your portfolio and contributes approximately 0.24% to your future annual dividend income.



Portfolio Holdings News:



January 27, 2025


  • AT&T Inc. (T) Reports Fourth-Quarter Results; T reports fourth quarter Non-GAAP EPS of $0.54, beating analyst estimates by $0.03 and flat from a year ago. Revenue grew 0.9% to $32.3 billion, beating analyst estimates by $360 million. T added 482,000 postpaid phone connections during the quarter. The company also added 307,000 Fiber customers. Mobile service revenue climbed 3.3% from a year ago to $16.6 billion, and consumer broadband revenue was up 7.8% from a year ago to $2.9 billion. For the current year Management guides adjusted EPS of between $1.97 and $2.07 and free cash flow, excluding DIRECTV, projected to be $16 billion or more.





  • Emerson Electric Co. (EMR) to Acquire Remaining Outstanding Shares of AspenTech; EMR and Aspen Technology, Inc. (NASDAQ: AZPN) announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 billion. The transaction is expected to close in the first half of calendar year 2025.


January 28, 2025



  • Kimberly-Clark Corporation (KMB) Reports Fourth Quarter and Full Year 2024 Results; KMB reports Non-GAAP EPS of $1.50, down 0.7% year-over-year and slightly missing analyst estimates by $0.01. Revenue of $4.93 billion beating expectations by $70 million but marking a slight 0.8% decline compared to the same quarter last year. Organic Sales Growth increased 2.3%. Management guides adjusted operating profit to grow at a high single-digit rate on a constant-currency basis including a negative 320 basis point impact from a combination of its PPE divestiture and the exit of the company's private label diaper businesses in the U.S.


  • Kimberly-Clark Corporation (KMB) Declares Dividend Increase; The Board of Directors of Kimberly-Clark Corporation (KMB) has declared an increased quarterly dividend of $1.26 per share, representing a 3.3% increase from the previous dividend of $1.22. The dividend will be payable on April 2, 2025, to stockholders of record at the close of business on March 7, 2025.


  • Starbucks Corporation (SBUX) Reports Q1 Fiscal Year 2025 Results; SBUX reported Q1 GAAP EPS of $0.69, reflecting a 23.3% decline year-over-year but coming in $0.02 ahead of analyst expectations. Revenue of $9.4 billion, slightly exceeding estimates by $90 million and in line with analyst expectations. Global comparable store sales declined 4%, driven by a 6% decline in comparable transactions. The company opened 377 net new stores in Q1, ending the period with 40,576 stores: 53% company-operated and 47% licensed.


  • Lockheed Martin Corporation (LMT) Reports Fourth Quarter and Full Year 2024 Financial Results; LMT reported Q4 GAAP EPS of $2.22, which represents a sharp 70.7% decline compared to the same quarter last year and came in $4.38 below analyst expectations. The results included charges of $5.45 a share related to classified programs. Revenue of $18.62 billion misses analyst estimates by $170 million and decreased 1.3% versus the same quarter last year. LMT reported a backlog of $176.04 billion, representing a 9.6% increase year-over-year. For 2025 Management guides net sales Expected between $73.75 billion and $74.75 billion, Diluted earnings per share from $27.00 to $27.30 and Free cash flow between 6.6 billion and 6.8 billion.


  • RTX Corporation (RTX) Reports Fourth Quarter and Full Year Results; RTX reports Q4 Non-GAAP EPS of $1.54, beating expectations by $0.16 and reflecting a 19% year-over-year increase. Revenue Increased 8.5% year-over-year to $21.62 billion, exceeding estimates by an impressive $1.1 billion. Company backlog of $218 billion; including $125 billion of commercial and $93 billion of defense. For full year 2025 Management guides adjusted sales of $83.0 - $84.0 billion, including 4 to 6 percent organic growth, adjusted EPS of $6.00 - $6.15 and Free cash flow of $7.0 - $7.5 billion.


  • Metro Inc. (TSE:MRU) Reports 2025 First Quarter Results; MRU reported quarterly adjusted earnings of C$1.10 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$1.02. The result was ahead of analyst expectations of $1.09 a share. Sales increased 2.9% to $5.12 billion, just below the $5.13 billion forecast. Management expect to gradually resume our profit growth in Fiscal 2025 and we maintain our publicly disclosed annual growth target of between 8% and 10% of adjusted net earnings per share over the medium and long term.


  • Metro Inc. (TSE:MRU) Declares Dividend Increase; MRU has declared an increased quarterly dividend of C$0.37 per share, representing a 10.45% increase from the previous dividend of C$0.335. The dividend will be payable on March 2025, to stockholders of record at the close of business on February 2025.


January 29, 2025


  • Tele2 AB (TEL2) Reports Full Year and Fourth Quarter 2024 Results; TEL2 profit slightly increasing year-over-year to SEK 971 million, or SEK 1.39 per share, compared to SEK 936 million (SEK 1.34 per share) last year. Sales growth was modest at 1.3%, reaching SEK 7,783 million, though it fell just short of the SEK 7,826 million analyst consensus. The proposed dividend of SEK 6.35 per share is lower than last year’s SEK 6.90. Meanwhile, the company’s 2025 guidance suggests low single-digit organic growth in end-user service revenue.


  • U.S. Coast Guard awards Verizon Communications Inc. (VZ) Business Task Order; The U.S. Coast Guard has awarded Verizon Business an 8-year Enterprise Infrastructure Solutions (EIS) task order worth up to $66 million over the life of the contract. Under this agreement, Verizon will provide Wi-Fi, phone, data, and other services to the U.S. Coast Guard’s C5I (Command, Control, Communication, Computer, Cyber, and Intelligence) office.


  • Eversource Energy (ES) Declares Dividend Increase; ES approved a quarterly dividend of $0.7525 per share, 5.2% increase from prior dividend of $0.7150, payable on March 31, 2025, to shareholders of record as of the close of business on March 4, 2025.


  • V.F. Corporation (VFC) Releases Third Quarter Fiscal 2025 Results; VFC reports Q3 Q3 Non-GAAP EPS of $0.62, up 37.8% versus prior year and $0.28 ahead of estimates. Revenue grew 1.8% to $2.83 billion, topping estimates by $80 million. Management guides revenue at constant currency falling 4% to 2% in FQ4 and Increasing FY'25 free cash flow guidance to $440 million – Relative to prior guidance of $425 million.


  • General Dynamics Corporation (GD) Reports Fourth-Quarter and Full-Year 2024 Financial Results; GD reports Q4 GAAP EPS of $4.15, beating analyst estimates by $0.10 and reflecting a 14% year-over-year increase. Revenue grew 14.3% to $13.34 billion, surpassing estimates by $520 million. Ended the year with $90.6 billion in backlog. Management projects $50.3 billion in revenue for 2025, a 5.5% increase, with an operating margin of 10.3%, up 20 basis points. EPS is forecasted at $14.80.



  • Canadian Natural Resources Limited (TSE:CNQ) Announces Swap Transaction; CNQ announces it will swap 10% of its working interest in the Scotford upgrader and Quest carbon capture and storage facilities for Shell's (SHEL) remaining 10% working interest in the Athabasca oil sands project mines, as well as working interests in various other non-producing oil sands leases. As a result, CNQ will increase its working interest in the AOSP mines to 100%, thus raising the company's production by approximately 31K bbl/day, and will own an 80% working interest in the Scotford upgrader and Quest.


January 30, 2025


  • Telia Company (TELIA) year-end Report January – December 2024; TELIA's earnings per share for the last quarter were SEK -0.13. Analysts were expecting earnings per share of SEK 0.30 for the fourth quarter, compared to SEK -4.78 in the comparison period. Turnover in October-December 2024 was SEK 23.7 billion. A consensus of 26 analysts compiled by Factset expected the company to generate SEK 23.3 billion in revenue. TELIA's Board of Directors proposes to the Annual General Meeting a dividend of SEK 2.00 per share to be distributed to shareholders. Last year the company paid a dividend of SEK 2.00 per share, which was the analyst consensus expectation.


  • Nordea Bank Abp (NDA) Reports Fourth-quarter and full-year results 2024; NDA reports fourth quarter EPS of €0.32, 3.23% above last year's result and was in line with expectations. Revenue grew 1% to €2,955 million, in line with expectations. CET1 ratio of 15.8%, the same as in the third quarter and 150bp above the regulatory CET1 requirement. NDA’s Board has proposed a dividend of €0.94 per share for 2024, an increase of 2.17% compared with 2023.


  • Brookfield Infrastructure (BIP, BIPC) Reports 2024 Year-End Results; BIP reported FY24 funds from operations (FFO) of $3.12 per share, exceeding analyst estimates by $0.02. This represents a 5.76% increase compared to 2023. Revenue grew 17.3% to $21.04 billion, which was $2.09 billion more than expected. Management expressed confidence in achieving the $5 billion to $6 billion asset sale target, supported by increased buyer activity and strong interest in core infrastructure assets.




  • Altria Group, Inc. (MO) Reports 2024 Fourth-Quarter and Full-Year Results; MO reports Q4 Non-GAAP EPS of $1.29, up 9.3% versus prior year and $0.01 ahead of estimates. Revenue grew 1.6% to $5.1 billion, topping estimates by $50 million. Management expect to deliver 2025 full-year adjusted diluted EPS in a range of $5.22 to $5.37 and authorized a new $1 billion share repurchase program, which the company expects to complete by December 31, 2025.



  • Visa Inc. (V) Reports Fiscal First Quarter 2025 Results; V reports Q1 Non-GAAP EPS of $2.75, beating analyst estimates by $0.09 and increased 14% year-over-year. Revenue of $9.51 billion beats analyst estimates by $170 million and increased 10.6% versus the same quarter last year. Management expects adjusted net revenue growth in the high single to low double digits for FY 2025, supported by strong performance in international transaction and value-added services. Adjusted EPS growth is projected to be in the low teens.


  • United Parcel Service, Inc. (UPS) Releases 4Q 2024 Earnings and Provides 2025 Guidance; UPS reports fourth quarter Non-GAAP EPS of $2.75, 11.3% above from last year and $0.22 more than expected. Revenue grew 1.6% to $25.3 billion, which was $120 million less than expected. For the full year 2025 Management guides revenue to be approximately $89.0 billion and operating margin to be approximately 10.8%. Management also announced it has reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026.


  • Canadian National Railway Company (TSE:CNR) Announces Fourth Quarter and Year-End Results; CNR reports Q4 Non-GAAP EPS of C$1.82, missing analyst estimates by C$0.10 and decreased 9.9% year-over-year. Revenue decreased 2.5% to C$4.36 billion, topping estimates by C$10 million. Operating income of C$1,628 million, a decrease of C$190 million, or 10%. In 2025, Management expects to deliver 10%-15% adjusted diluted EPS growth and over the 2024-2026 period, Management continues to target compounded annual adjusted diluted EPS growth in the high single-digit range.



January 31, 2025




  • Chevron Corporation (CVX) Reports Fourth Quarter 2024 Results; CVX reports fourth quarter Non-GAAP EPS of $2.06, down from $3.45 a year earlier and $0.05 below of estimates. Revenue grew 10.7% to $52.23 billion, topping estimates by $3.82 billion. Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels. CVX expects to add $10 billion in annual free cash flow by 2026, led by growth in upstream assets such as FGP and the Gulf of America.



  • AbbVie Inc. (ABBV) Reports Full-Year and Fourth-Quarter 2024 Financial Results; ABBV reports Q4 Non-GAAP EPS of $2.16, 22.6% below last year's result and $0.10 less than expected. Revenue of $15.1 billion beats analyst estimates by $270 million and increased 5.6% versus the same quarter last year. Management guides adjusted diluted EPS guidance for the full-year 2025 of $12.12 to $12.32.



  • Eaton Corporation plc (ETN) Reports Fourth Quarter 2024 Results; ETN reports fourth quarter Non-GAAP EPS of $2.83, beating analyst estimates by $0.02 and increased 9.6% year-over-year. Revenue grew 4.5% to $6.24 billion, missing analyst estimates by $100 million. Strong backlog growth of 27% in Electrical and 16% in Aerospace. For full year 2025 Management guides adjusted earnings per share expected to be between $11.80 and $12.20, up 11% at the midpoint over 2024.


  • LyondellBasell Industries N.V. (LYB) Reports Fourth Quarter Results; LYB reports Q4 Non-GAAP EPS of $0.75, 40.5% below last year's result but $0.05 more than expected. Revenue of $9.5 billion beats analyst estimates by $240 million but decreased 4.3% versus the same quarter last year. Management is aligning first quarter operating rates with global demand and expects to operate Olefins & Polyolefins Americas assets at approximately 80%, Olefins & Polyolefins EAI assets at approximately 75%, and Intermediates & Derivatives assets at approximately 80%.



Articles that caught my attention:





Thanks for visiting, see you next week for another update!


Happy investing!


Posted by
Labels: , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)