QUALCOMM Is A Stable Dividend Stock

 


QUALCOMM Incorporated ( NASDAQ:QCOM ) engages in the development and production of foundational electronics for mobile, wireless, network and other consumer devices. The company is also notably involved in the expansion of 5G infrastructure solutions and investors are looking at this as a path to growth.

 

As Qualcomm matures, we are going to look at how they are sustaining their profitability and returning earnings to shareholders.

 

It is important to note that Qualcomm has a history of reliable dividend payments going back to 2003 and has been steadily increasing their dividend per share ever since.

 

Qualcomm has announced that it will be increasing its dividend on the 24th of June to US$0.68. This makes the dividend yield 2.0%, which is above the industry average.

 

The company also returned around 1.6% of its market capitalization to shareholders in the form of stock buybacks over the past year.

 

QUALCOMM Covers Its Dividend By Earnings

Reliable dividend payments and stable yields build long-term trust for investors. Qualcomm is a reliable company, now with a kink for 5G market share participation.

 

 

The best kind of dividends are those that are well covered by the company’s profits.

 

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The 16 Best Value Stocks for the Rest of 2021

 

Value stocks have been en vogue this year. These names could see upside as the U.S. economy continues to recover from the COVID-19 pandemic.

 


Value stocks are not only staging a comeback in 2021, but also setting up to deliver higher returns even further down the road.

 

A revival for value stocks is due at least in part to the recovering U.S. economy. Many value stocks come from cyclical industries like energy, manufacturing and utilities that fared poorly during the COVID-related shutdown.

 

As demand for these services rise, company cash flows expand, which in turn leads to increased capital investment, accelerating growth and a higher share price. The Biden administration's $2.2 trillion infrastructure spending plan could also be a boon for value investors, as most infrastructure stocks fall into this category.

 

Although tech stocks like Amazon.com (AMZN) and Netflix (NFLX) have garnered strong media attention and outperformed other sectors over the past decade, a surprising fact is that value stocks have delivered much greater returns over the long haul. An analysis by Anchor Capital Advisors shows that since 1927, a dollar invested in value stocks would have grown nearly 18 times faster than the same dollar invested in growth.  

 

The downside to value investing is that sometimes investors must wait years for their value portfolio to become fully priced. One way to pass this time more pleasantly is to choose value stocks that pay generous dividends. This allows investors to collect quarterly income while waiting for capital gains to materialize. 

 

 

Here are 16 high-quality value stocks, all paying an above-average dividend and poised to benefit from a strengthening U.S. economy in 2021.  

 

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Notable Analyst Upgrades and Downgrades for Week of June 14, 2021

 


Upgrades:

 


Welltower (NYSE:WELL) was upgraded by equities researchers at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Monday, The Fly reports. The brokerage currently has a $86.00 target price on the real estate investment trust’s stock, up from their previous target price of $77.00. Evercore ISI’s target price suggests a potential upside of 7.93% from the stock’s current price.

Several other brokerages also recently commented on WELL. KeyCorp increased their price objective on shares of Welltower from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. Royal Bank of Canada raised shares of Welltower from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $70.00 to $82.00 in a research report on Monday, May 3rd. Bank of America upgraded shares of Welltower from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $73.00 to $78.00 in a report on Tuesday, March 30th. Mizuho increased their target price on Welltower from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Welltower from $76.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $68.76. Read more …

 


W. P. Carey (NYSE:WPC) was upgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Tuesday, The Fly reports. The brokerage currently has a $88.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 13.20% from the stock's current price.

Other research analysts have also issued reports about the stock. Evercore ISI raised shares of W. P. Carey from an "in-line" rating to an "outperform" rating and raised their price target for the company from $77.00 to $80.00 in a research report on Monday, May 3rd. Bank of America reaffirmed an "underperform" rating on shares of W. P. Carey in a research report on Tuesday, April 13th. Finally, Zacks Investment Research raised shares of W. P. Carey from a "sell" rating to a "hold" rating in a research report on Tuesday, April 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. W. P. Carey presently has a consensus rating of "Hold" and a consensus target price of $81.00. Read more …

 


Nestlé (OTCMKTS:NSRGY) was upgraded by investment analysts at Exane BNP Paribas from an "underperform" rating to a "neutral" rating in a report issued on Tuesday, The Fly reports.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Nestlé in a research note on Tuesday, June 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Nestlé in a research note on Friday, April 23rd. Barclays reaffirmed an "overweight" rating on shares of Nestlé in a research note on Friday, April 23rd. Societe Generale reaffirmed a "buy" rating on shares of Nestlé in a research note on Wednesday, April 28th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Nestlé in a research note on Friday, April 23rd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of "Buy" and a consensus price target of $127.00.

Shares of NSRGY opened at $126.72 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.86 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $364.96 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 3.53 and a beta of 0.37. The firm's 50 day moving average price is $120.91. Nestlé has a 1 year low of $104.50 and a 1 year high of $127.45. Read more …

 

 


AT&T (NYSE:T) was upgraded by equities research analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a $31.00 price objective on the technology company’s stock, up from their previous price objective of $28.00. Scotiabank’s target price would suggest a potential upside of 6.53% from the company’s current price.

A number of other brokerages have also recently issued reports on T. Morgan Stanley cut their price objective on shares of AT&T from $34.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, May 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of AT&T from $31.00 to $34.00 in a research note on Wednesday, April 28th. UBS Group raised shares of AT&T from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $35.00 in a research note on Friday, May 21st. New Street Research upgraded shares of AT&T from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, May 21st. Finally, Oppenheimer reiterated a “hold” rating on shares of AT&T in a report on Monday, April 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. AT&T has an average rating of “Hold” and an average price target of $31.81. Read more …

 

Why Chevron Is a Top Pick for Dividend Investors

 

The company is on track to generate billions of dollars in free cash flow

  


Chevron reported strong first-quarter results, becoming one of the few oil companies to return to profitability.

 

Management seems committed to rewarding shareholders in the long run.

 

Favorable macroeconomic outlook and recent investments make Chevron an attractive bet for value and income investors.

 

Chevron Corp. (CVX) is an American integrated energy company operating in more than 180 countries. The company is active in hydrocarbon exploration and development, chemical and mining activities, power generation, refining and fuel transportation. It has an active portfolio of renewable assets, including geothermal, solar, wind, biofuel, fuel cells and hydrogen.

 

The energy giant seems to be recovering strongly from the oil market turmoil created by the global recession, which is evident from its strong first-quarter financial performance. Chevron posted a profit for the first quarter of 2021 and increased its dividend by 4%, becoming one of the very few oil giants to return to profitability. Chevron reported a substantial improvement in cash flows as well, driven by higher oil prices. Warren Buffett, the investing legend, is bullish about the company's long-term success due to its solid balance sheet and ability to produce consistent cash flows. In the fourth quarter of 2020, Berkshire Hathaway Inc. (BRK.A) (BRK.B) purchased 48.5 million shares of Chevron.

 

 

The outlook is promising for dividend investors

 

Chevron pays a quarterly dividend of $1.34 per share, which converts into an annual dividend yield of 5% at the current stock price of around $108. Although this is a very attractive yield in a low-interest rate environment, investors need to evaluate many factors, including the company's future cash flow generation ability and the executives' commitment to maintaining or improving the dividend per share. Chevron ticks all these boxes.

 

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Notable Analyst Upgrades and Downgrades for Week of June 7, 2021



 

Upgrades:

 


C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by analysts at The Goldman Sachs Group from a "sell" rating to a "buy" rating in a research report issued to clients and investors on Monday, Briefing.com reports. The firm currently has a $108.00 price target on the transportation company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 12.10% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Susquehanna Bancshares boosted their price target on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Monday, April 12th. Credit Suisse Group boosted their price objective on C.H. Robinson Worldwide from $90.00 to $93.00 and gave the company an "underperform" rating in a research note on Wednesday, April 28th. Morgan Stanley boosted their price objective on C.H. Robinson Worldwide from $55.00 to $58.00 and gave the company an "underweight" rating in a research note on Wednesday, April 28th. Vertical Research initiated coverage on C.H. Robinson Worldwide in a research note on Friday, March 26th. They set a "hold" rating for the company. Finally, Susquehanna boosted their price objective on C.H. Robinson Worldwide from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Tuesday, April 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of "Hold" and a consensus target price of $97.89. Read more …

 


Visa (NYSE:V) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report issued on Monday, Briefing.com reports. The brokerage currently has a $260.00 target price on the credit-card processor’s stock, up from their prior target price of $234.00. Piper Sandler’s price target would suggest a potential upside of 12.97% from the stock’s current price.

A number of other equities research analysts also recently weighed in on V. Royal Bank of Canada reissued a “buy” rating on shares of Visa in a research note on Wednesday, May 5th. Susquehanna Bancshares boosted their target price on Visa from $250.00 to $265.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Truist Securities increased their price target on shares of Visa from $230.00 to $250.00 in a research report on Wednesday, April 28th. Mizuho boosted their price objective on shares of Visa from $250.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, Susquehanna upped their target price on shares of Visa from $250.00 to $265.00 and gave the stock a “positive” rating in a research note on Wednesday, April 28th. Twenty-four investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $253.27. Read more …

 


Johnson Controls International (NYSE:JCI) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued on Tuesday, Analyst Ratings Network reports. The firm presently has a $75.00 target price on the stock, up from their previous target price of $50.00. JPMorgan Chase & Co.'s price objective indicates a potential upside of 11.86% from the stock's current price.

A number of other equities analysts have also issued reports on the stock. UBS Group raised shares of Johnson Controls International to a "buy" rating and raised their price target for the stock from $57.00 to $70.00 in a research report on Thursday, April 22nd. Credit Suisse Group lifted their target price on shares of Johnson Controls International from $66.00 to $75.00 and gave the company an "outperform" rating in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Johnson Controls International from $62.00 to $68.00 and gave the company a "hold" rating in a report on Monday, May 3rd. OTR Global raised shares of Johnson Controls International from a "mixed" rating to a "positive" rating in a report on Tuesday, April 27th. Finally, Royal Bank of Canada lowered shares of Johnson Controls International from an "outperform" rating to a "sector perform" rating and set a $66.00 target price for the company. in a report on Wednesday, March 31st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. The company has an average rating of "Buy" and a consensus price target of $57.94. Read more …

 

 


Target (NYSE:TGT) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Analyst Price Targets reports. The brokerage presently has a $265.00 price target on the retailer’s stock, up from their prior price target of $210.00. UBS Group’s price objective indicates a potential upside of 12.59% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other equities analysts have also weighed in on TGT. Stifel Nicolaus upped their target price on Target from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. Morgan Stanley upped their target price on Target from $205.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Monday, May 24th. Credit Suisse Group upped their target price on Target from $211.00 to $245.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 25th. BMO Capital Markets upped their target price on Target from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, May 24th. Finally, Raymond James upped their target price on Target from $215.00 to $252.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 20th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $231.06. Read more …