Sunday, February 9, 2025

Week in Review 6/25



 

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:



February 3, 2025


  • €70.37 – AT&T Inc. (T)
  • €122.26 – Verizon Communications Inc. (VZ)
  • €30.34 – General Mills, Inc. (GIS)
  • €53.70 – Bristol-Myers Squibb Company (BMY)
  • €55.13 – CVS Health Corporation (CVS)
  • €32.02 – Power Corporation of Canada (TSE:POW)


February 7, 2025


  • €40.60 – General Dynamics Corporation (GD)



Week 6: Total net dividends €404.43


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



My Portfolio's Transactions:



February 5, 2025


  • I purchased 15 shares of JPM US Equity Premium Income Active UCITS ETF USD Dist (JEIP.DE) at €23.9224.19 per share plus commission.


Based on the latest announcement, for March JEIP pays a dividend of $0.0828. During the three month period, JEIP has declared a total dividend of $0.3337, if the dividend remains at this level in the future, it will be $1.3348 per year. At today's exchange rate, that purchase 15 shares of JEIP will increase €13.56 of my expected annual net dividend income. After this acquisition my yield on cost is 5.43%, JEIP’s weight of my portfolio is about 0.29% and its share of future annual dividend income is approximately 0.33%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.


  • I purchased 35 shares of JPM Nasdaq Equity Premium Income Active UCITS ETF USD Dist (JEQP.DE) at €24.82 per share plus commission.


Based on the latest announcement, for March JEPQ pays a dividend of $0.124. During the three month period, JEQP has declared a total dividend of $0.5011, if the dividend remains at this level in the future, it will be $2.004 per year. At today's exchange rate, that purchase 35 shares of JEQP will increase €47.53 of my expected annual net dividend income. After this acquisition my yield on cost is 8.01%, JEQP’s weight of my portfolio is about 0.30% and its share of future annual dividend income is approximately 0.50%. For now, my plan is to increase the amount of JEIP in my portfolio on a monthly basis.



Portfolio Holdings News:



February 3, 2025


  • Cost of Dominion Energy's, (D) Coastal Virginia offshore wind project climbs to $10.7B; D said its 2.6 GW Coastal Virginia Offshore Wind project is now approximately 50% complete and remains on track for on-time completion at year-end 2026. Estimated total project costs, inclusive of contingency and excluding financing costs, have increased ~9 percent, from $9.8 billion to $10.7 billion. This is the first and only increase since the original project budget was submitted to the Virginia State Corporation Commission (SCC) in November 2021.


  • Lockheed Martin Corporation (LMT) has been awarded a $551M cost-plus-incentive-fee contract from the U.S. Navy for engineering and technical support and production of the submarine AN/BLQ-10 electronic warfare systems on new-construction and in-service submarines.


February 4, 2025



  • WEC Energy Group, Inc. (WEC) Posts 2024 Results; WEC reported Q4 GAAP EPS of $1.43, up from $0.69 a year earlier and in line with estimates. Revenue grew 2.7% to $2.2 billion, missing estimates by $220 million. Management reaffirmed its earnings guidance for 2025, expecting earnings to be in the range of $5.17 to $5.27 per share, with a midpoint of $5.22 per share, representing a 7.6% growth from the midpoint of the 2024 adjusted guidance.



  • Pfizer Inc. (PFE) Reports Full-Year 2024 Results And Reaffirms 2025 Guidance; PFE reported Q4 Non-GAAP EPS of $0.63, up from $0.10 a year earlier and $0.17 above estimates. Revenue of $17.8 billion beats analyst estimates by $540 million and increased 24.9% versus the same quarter last year. Management reaffirmed its full-year 2025 guidance, which includes revenue in a range of $61 billion to $64 billion and adjusted earnings between $2.80 and $3.00 a share.


  • Amgen Inc. (AMGN) Reports Fourth Quarter and Full-Year 2024 Results; AMGN reports Q4 Non-GAAP EPS of $5.31, beating expectations by $0.23 and reflecting a 13% year-over-year increase. Revenue Increased 11% year-over-year to $9.1 billion, exceeding estimates by $230 million. Management projected 2025 revenues between $34.3 billion and $35.7 billion, with non-GAAP EPS guidance of $20 to $21.20.


  • PepsiCo, Inc. (PEP) Reports Fourth Quarter and Full-Year 2024 Results; PEP reports Q4 Non-GAAP EPS of $1.96, up 10.1% versus prior year and $0.02 ahead of estimates. Revenue of $27.78 billion misses analyst estimates by $110 million and decreased 0.3% versus the same quarter last year. For 2025, Management expects a low-single-digit increase in organic revenue, a mid-single-digit increase in core constant currency EPS and total cash returns to shareholders of approximately $8.6 billion, comprised of dividends of $7.6 billion and share repurchases of $1.0 billion.


  • PepsiCo, Inc. (PEP) Increases Dividend; PEP announced a 5 percent increase in its annualized dividend to $5.69 per share from $5.42 per share, effective with the dividend expected to be paid in June 2025. This represents the Company’s 53rd consecutive annual dividend per share increase.


  • Prudential Financial, Inc. (PRU) Announces 2024 Results; PRU reports fourth quarter Non-GAAP EPS of $2.96, 16.5% above last year's result but $0.30 less than expected. Book value per Common share of $77.62 versus $76.77 per share for the year-ago quarter. Assets under management of $1.512 trillion versus $1.450 trillion for the year-ago quarter.


  • Prudential Financial, Inc. (PRU) Increases Quarterly Dividend; PRU declared a quarterly dividend of $1.35 per share of Common Stock, payable on March 13, 2025, to shareholders of record as of February 18, 2025. This represents an increase of 4% over the prior year dividend level, the 17th consecutive year the dividend has been increased.


  • Unum Group (UNM) Reports Fourth Quarter 2024 Results; UNM reported Q4 Non-GAAP EPS of $2.03, reflecting a 13.4% increase year-over-year but missed analyst expectations by $0.11. Revenue of $3.24 billion misses analyst estimates by $50 million but increased 2.9% versus the same quarter last year. Book value per common share of $61.38 increased 23.0 percent compared to the year-ago quarter. Management expect Full-year 2025 outlook of an increase in after-tax adjusted operating income per share of 8 percent to 12 percent when comparing to the full-year 2024 result of $8.44 per share.


  • Archer-Daniels-Midland Company (ADM) Reports Fourth Quarter and Full-Year 2024 Results; ADM reports Non-GAAP EPS of $1.14, a 16% decrease from the previous year and $0.01 less than expected. Revenues declined by 6.4% to $21.5 billion, missing estimates by $1.27 billion. For the full year 2025 Management expects adjusted earnings per share in the range of $4.00 to $4.75 per share andannounced targeted actions to deliver between $500 - $750 million in cost savings over the next 3 - 5 years.



February 5, 2025


  • UPM-Kymmene Corporation's (UPM) Raflatac accelerates its growth in Graphics by acquiring Metamark; UPM has acquired Metamark, a UK-based company to further accelerate its growth in Graphics business. UPM Raflatac’s existing Graphics business complemented with Metamark will strengthen UPM Raflatac’s overall competitiveness, bring major synergies and make UPM Raflatac a significant player in the fast-growing, high value-added Graphics segment. The Enterprise Value of the transaction is GBP 146 million (approx. EUR 175 million).


  • UPM-Kymmene Corporation (UPM) Financial Statements Release 2024; UPM reports comparable EPS €0.61, beating analyst estimates by €0.12 and increasing 32.6% year-over-year. Revenue grew 4% to $€2,632 million, beating estimates by €43 million. The Board proposes a dividend of EUR 1.50 (1.50) per share for 2024, and commences UPM's first share buy-back program of approximately 1.1% of total number of shares. Management expects operating profit to be in the range of €400-€625 million in the first half of 2025.


  • Kesko Corporation (KESKO) Financial Statements Release 2024; KESKO reports comparable EPS €0.31, beating analyst estimates by €0.01 and was the same as in the comparison period. Revenue of €3040.6 million beats analyst estimates by €12.6 million and increased 4.8% versus the same quarter last year. The Board proposes a dividend of €0.90 (1.02) per share, proposed to be paid in four instalments. Management expects comparable operating profit in 2025 to be in the range of €640-€740 million.


  • QUALCOMM Incorporated (QCOM) Announces First Quarter Fiscal 2025 Results; QCOM reports Q1 Non-GAAP EPS of $3.41, beating expectations by $0.44 and reflecting a 24% year-over-year increase. Revenue Increased 17.6% year-over-year to $11.67 billion, exceeding estimates by $770 million. For Q2 Management guides revenue in the range of $10.2B-$11.0B and Non-GAAP EPS of $2.70-$2.90.


  • UGI Corporation (UGI) Reports Fiscal 2025 First Quarter Results; UGI reported Q1 Non-GAAP EPS of $1.37, which is 14.2% higher than last year and $0.18 above expectations. However, revenues declined by 4.2% to $2.03 billion, falling $620 million short of estimates. Despite the revenue miss, management reaffirmed its fiscal 2025 adjusted diluted EPS guidance of $2.75 to $3.05.


  • Illinois Tool Works Inc. (ITW) Reports Fourth Quarter and Full Year 2024 Results; ITW reports fourth quarter GAAP EPS of $2.54, up 7% versus prior year and $0.5 ahead of estimates. Revenue of $3.93 billion misses analyst estimates by $13.50 million and decreased 1.3% versus the same quarter last year. Management provided full-year 2025 guidance, projecting organic growth of 1% to 3%, excluding a 1% decline from PLS. GAAP EPS is forecasted between $10.15 and $10.55, with a midpoint of $10.35 reflecting non-operational headwinds, including a $0.30 foreign currency impact.


  • Emerson Electric Co. (EMR) Reports First Quarter 2025 Results; EMR reports Q1 Non-GAAP EPS of $1.38, 13% above from last year and $0.10 more than expected. Revenue grew 1.5% to $4.18 billion, which was $40 million less than expected. Management maintained its full-year guidance for underlying sales growth of 3% to 5%, adjusted EPS between $5.85 and $6.05, and free cash flow of $3.2 billion to $3.3 billion.



  • T. Rowe Price Group, Inc. (TROW) Reports Fourth Quarter and Full Year 2024 Results; TROW reports Q4 Non-GAAP EPS of $2.12, 23.3% above last year's result but $0.08 less than expected. Revenue of $1.82 billion misses analyst estimates by $50 million but increased 11% versus the same quarter last year. Assets under management of $1.61 trillion at December 31, 2024. Net client outflows of $19.3 billion for Q4 2024 and $43.2 billion for 2024.



  • Ares Capital Corporation (ARCC) Announces December 31, 2024 Financial Results; ARCC reports Q4 quarter Non-GAAP EPS of $0.55, 12.7% below last year's result and $0.03 less than expected. Total investment income of $759 million misses analyst estimates by $28.5 million but increased 7.4% versus the same quarter last year. Management projected continued strength in origination activity, supported by its $1.8 billion backlog as of January 28, 2025—a significant increase compared to the prior year.



February 6, 2025


  • Sampo plc (SAMPO) Financial Statements Release 2024; SAMPO reports EPS of €0.31, beating analyst estimates by €0.07 but decreasing 59% year-over-year. Profit before taxes of €219 million beats analyst estimates by €33 million and decreased 40% versus the same quarter last year. Underwriting result increased from €281 million in the comparison period to €361 million, analysts had forecast €330 million. The proposed ordinary dividend is €1.70 per share (1.60). Management is guiding for 2025, with group insurance revenues expected to be in the range of EUR 8.7-9.0 billion and underlying earnings of EUR 1,350-1,450 million. The 2025 outlook is in line with Sampo's 2024-2026 financial targets of delivering a combined ratio below 85% and an average increase in operating earnings per share of more than 7% per year.


  • ConocoPhillips (COP) Reports Fourth-Quarter and Full-Year 2024 Results; COP reports Non-GAAP EPS of $1.98, beating analyst estimates by $0.15 but decreasing 17.5% year-over-year. Production for the fourth quarter of 2024 was 2,183 MBOED, an increase of 281 MBOED from the same period a year ago. For both Q1 2025 and the full year, the company guided for production of 2.34M-2.38M boe/day, compared with 1.98M boe/day in 2024. Management announced plans to return $10 billion to shareholders in 2025, consisting of $4 billion in dividends and $6 billion in share buybacks.



  • Philip Morris International Inc. (PM) Reports 2024 Fourth-Quarter & Full-Year Results; PM reported Q4 Non-GAAP EPS of $1.55, marking a 14% year-over-year increase and beating estimates by $0.05. Revenue grew 7.3% to $9.71 billion, surpassing expectations by $270 million. For 2025, management projects organic net revenue growth of 6-8% and expects adjusted diluted EPS between $7.04 and $7.17, representing 7-9% dollar growth.


  • The Hershey Company (HSY) Reports Fourth-Quarter and Full-Year 2024 Financial Results; HSY reported Q4 Non-GAAP EPS of $2.69, which beat estimates by $0.31 and reflected 33.2% year-over-year increase. Revenue growth of 8.6%, reaching $2.89 billion, $50 million above expectations. Management provided 2025 full year outlook, expecting net sales growth of at least 2% but projecting adjusted EPS to decline in the mid-30% range.


  • Lockheed Martin Corporation (LMT) Awarded $2.8 Billion THAAD Development Contract; The Missile Defense Agency (MDA) today awarded LMT a follow-on development contract for the Terminal High Altitude Area Defense (THAAD) Weapon System. This indefinite delivery/indefinite quantity (IDIQ) contract supports the continued development of the THAAD Weapon System’s capabilities over the next five years – with two options to extend – for a period of performance of up to 10 years. The contract has a ceiling value of $2.8 billion if both options are exercised.


  • Air Products and Chemicals, Inc. (APD) Reports Fiscal 2025 First Quarter Results; APD reported Q1 Non-GAAP EPS of $2.86, up 1% year-over-year and $0.01 above expectations. Revenue declined 2.3% to $2.93 billion, missing estimates by $10 million.,Mmanagement maintained its full-year fiscal 2025 adjusted EPS guidance of $12.70 to $13.00. For Q2 FY25, the company expects adjusted EPS between $2.75 and $2.85.


February 7, 2025


  • Flowers Foods, Inc. (FLO) Reports Fourth Quarter and Full Year 2024 Results; FLO reported Q4 Non-GAAP EPS of $0.22, a 10% increase year-over-year, beating estimates by $0.01. Revenue declined 1.8% to $1.11 billion, missing expectations by $20 million. For 2025, management forecasts net sales between $5.403 billion and $5.487 billion, with adjusted EPS expected between $1.11 and $1.24.



Articles that caught my attention:





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