Dividend Increases Week 49, 2021

 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)

 

Recently, 19 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.

 

The table below summarises the dividend change announcements.  The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.

 

Notable Analyst Upgrades and Downgrades for Week of October 11, 2021

 

Upgrades:

 

C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Vertical Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, PriceTargets.com reports.

A number of other research firms also recently issued reports on CHRW. Evercore ISI began coverage on shares of C.H. Robinson Worldwide in a research note on Monday, September 13th. They issued an "inline" rating and a $95.00 price target for the company. Morgan Stanley increased their price target on shares of C.H. Robinson Worldwide from $58.00 to $60.00 and gave the stock an "underweight" rating in a research note on Thursday, July 8th. Wells Fargo & Company decreased their price target on shares of C.H. Robinson Worldwide from $95.00 to $90.00 and set an "underweight" rating for the company in a research note on Tuesday, July 13th. Zacks Investment Research downgraded shares of C.H. Robinson Worldwide from a "buy" rating to a "hold" rating and set a $94.00 price target for the company. in a research note on Monday, August 2nd. Finally, Citigroup decreased their price target on shares of C.H. Robinson Worldwide from $118.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, July 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $98.31. Read more …

 

Eli Lilly and (NYSE:LLY) was upgraded by stock analysts at Berenberg Bank from a "hold" rating to a "buy" rating in a research note issued to investors on Monday, The Fly reports.

A number of other equities research analysts have also recently commented on LLY. Truist assumed coverage on Eli Lilly and in a research note on Tuesday, July 27th. They set a "buy" rating and a $262.00 target price on the stock. DZ Bank upgraded Eli Lilly and from a "hold" rating to a "buy" rating and set a $288.00 price objective on the stock in a research note on Thursday, August 5th. Mizuho boosted their price objective on Eli Lilly and from $250.00 to $279.00 and gave the company a "buy" rating in a research note on Wednesday, August 4th. Truist Securities upped their price target on Eli Lilly and from $225.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, July 2nd. Finally, The Goldman Sachs Group upped their price target on Eli Lilly and from $252.00 to $270.00 and gave the company a "conviction-buy" rating in a research report on Monday, June 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Eli Lilly and presently has a consensus rating of "Buy" and a consensus target price of $257.53. Read more …

 

3M (NYSE:MMM) was upgraded by stock analysts at Langenberg & Company from a “hold” rating to a “buy” rating in a research report issued on Monday, The Fly reports.

Several other equities analysts also recently weighed in on MMM. Wolfe Research downgraded 3M from a “peer perform” rating to an “underperform” rating and dropped their price objective for the company from $218.00 to $215.00 in a research note on Monday, July 12th. Credit Suisse Group downgraded 3M from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $210.00 to $212.00 in a research note on Tuesday, July 6th. Zacks Investment Research raised 3M from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Friday, August 6th. JPMorgan Chase & Co. downgraded 3M from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $215.00 to $210.00 in a research report on Monday, October 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on 3M from $196.00 to $201.00 and gave the stock a “hold” rating in a research report on Wednesday, July 28th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $196.54. Read more …

 

 

Starbucks (NASDAQ:SBUX) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Monday, The Fly reports.

A number of other research firms also recently issued reports on SBUX. Barclays raised their price target on shares of Starbucks from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. Wells Fargo & Company assumed coverage on shares of Starbucks in a research report on Sunday, June 20th. They issued a “buy” rating on the stock. Cowen lifted their price objective on shares of Starbucks from $126.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. BMO Capital Markets lifted their price objective on shares of Starbucks from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Starbucks from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $126.96. Read more …

 

Most Significant Insider Trades: Week of September 27, 2021

 

Disposals:

 

Broadcom Inc. (NASDAQ:AVGO) Director Eddy W. Hartenstein sold 4,517 shares of the business’s stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $504.92, for a total transaction of $2,280,723.64. The transaction was disclosed in a filing with the SEC, which is available through this link.

Eddy W. Hartenstein also recently made the following trade(s):

On Friday, September 10th, Eddy W. Hartenstein sold 4,811 shares of Broadcom stock. The stock was sold at an average price of $499.12, for a total transaction of $2,401,266.32.

Read more …

 

Broadcom Inc. (NASDAQ:AVGO) insider Mark David Brazeal sold 3,150 shares of Broadcom stock in a transaction that occurred on Monday, September 27th. The stock was sold at an average price of $504.09, for a total value of $1,587,883.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mark David Brazeal also recently made the following trade(s):

On Friday, September 10th, Mark David Brazeal sold 9,453 shares of Broadcom stock. The shares were sold at an average price of $502.38, for a total transaction of $4,748,998.14.

Shares of AVGO traded down $1.54 during mid-day trading on Wednesday, hitting $489.48. The company’s stock had a trading volume of 1,578,263 shares, compared to its average volume of 1,843,219. The firm has a market capitalization of $201.48 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. Broadcom Inc. has a one year low of $344.42 and a one year high of $510.70. The stock’s 50-day moving average is $489.69 and its two-hundred day moving average is $474.36. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.23 and a current ratio of 2.41. Read more …

 

Zoetis Inc. (NYSE:ZTS) EVP Roxanne Lagano sold 1,315 shares of Zoetis stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $202.17, for a total value of $265,853.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Roxanne Lagano also recently made the following trade(s):

On Monday, August 23rd, Roxanne Lagano sold 9,603 shares of Zoetis stock. The stock was sold at an average price of $207.07, for a total value of $1,988,493.21.

On Thursday, July 22nd, Roxanne Lagano sold 22,450 shares of Zoetis stock. The shares were sold at an average price of $199.18, for a total transaction of $4,471,591.00.

Shares of ZTS stock traded down $6.96 during trading on Monday, reaching $197.77. The company had a trading volume of 86,716 shares, compared to its average volume of 1,790,371. Zoetis Inc. has a one year low of $141.41 and a one year high of $210.10. The firm’s 50 day simple moving average is $203.57 and its two-hundred day simple moving average is $184.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 3.37 and a quick ratio of 2.51. The company has a market capitalization of $93.73 billion, a PE ratio of 49.47, a PEG ratio of 3.31 and a beta of 0.64. Read more …

 

 

General Mills, Inc. (NYSE:GIS) insider Shawn P. Ogrady sold 28,614 shares of the firm’s stock in a transaction that occurred on Friday, September 24th. The shares were sold at an average price of $60.48, for a total transaction of $1,730,574.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of GIS traded down $0.31 during mid-day trading on Tuesday, hitting $59.34. 49,048 shares of the company’s stock were exchanged, compared to its average volume of 4,146,430. The firm has a market cap of $35.98 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The stock’s 50-day simple moving average is $58.83 and its 200-day simple moving average is $60.45. General Mills, Inc. has a 52 week low of $53.96 and a 52 week high of $64.65. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.00. Read more …

 

Williams-Sonoma, Inc. (NYSE:WSM) insider Ryan Ross sold 2,540 shares of the business’s stock in a transaction on Friday, September 24th. The stock was sold at an average price of $191.18, for a total value of $485,597.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ryan Ross also recently made the following trade(s):

On Tuesday, September 21st, Ryan Ross sold 2,700 shares of Williams-Sonoma stock. The shares were sold at an average price of $185.57, for a total value of $501,039.00.

On Wednesday, July 7th, Ryan Ross sold 2,400 shares of Williams-Sonoma stock. The shares were sold at an average price of $165.00, for a total transaction of $396,000.00.

NYSE:WSM traded down $2.70 during trading hours on Tuesday, reaching $191.76. 877,427 shares of the stock were exchanged, compared to its average volume of 1,194,952. The stock has a market cap of $14.26 billion, a PE ratio of 15.25, a PEG ratio of 1.15 and a beta of 1.68. The firm has a 50 day moving average of $170.40 and a 200 day moving average of $168.91. Williams-Sonoma, Inc. has a twelve month low of $87.94 and a twelve month high of $204.41. Read more …

 

 

Acquisitions:

 

Agree Realty Co. (NYSE:ADC) Director John Rakolta, Jr. bought 20,273 shares of the firm’s stock in a transaction that occurred on Monday, September 27th. The shares were purchased at an average cost of $67.73 per share, for a total transaction of $1,373,090.29. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Read more …

 

Agree Realty Co. (NYSE:ADC) Chairman Richard Agree bought 6,000 shares of the firm’s stock in a transaction on Tuesday, September 28th. The shares were acquired at an average cost of $67.06 per share, with a total value of $402,360.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of ADC traded down $1.19 during midday trading on Thursday, hitting $66.23. 379,534 shares of the company traded hands, compared to its average volume of 619,571. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 41.36 and a beta of 0.31. The firm has a 50 day moving average of $73.02 and a 200-day moving average of $71.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.69 and a current ratio of 2.69. Agree Realty Co. has a 52 week low of $61.27 and a 52 week high of $75.95. Read more …

 

 

Broadcom Inc. (NASDAQ:AVGO) Director Raul J. Fernandez purchased 152 shares of the firm’s stock in a transaction on Wednesday, September 29th. The stock was acquired at an average cost of $489.54 per share, for a total transaction of $74,410.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Broadcom stock traded up $2.42 during mid-day trading on Friday, reaching $487.35. 1,605,145 shares of the company were exchanged, compared to its average volume of 1,840,542. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.23 and a current ratio of 2.41. Broadcom Inc. has a 12-month low of $344.42 and a 12-month high of $510.70. The firm has a market cap of $200.60 billion, a P/E ratio of 35.85, a PEG ratio of 1.34 and a beta of 0.93. The business has a fifty day moving average of $490.07 and a 200 day moving average of $474.54. Read more …

 

Most Significant Insider Trades: Week of September 20, 2021

 

Disposals:

 

Halliburton (NYSE:HAL) Director Murry Gerber sold 44,590 shares of the stock in a transaction on Monday, September 20th. The shares were sold at an average price of $19.33, for a total value of $861,924.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NYSE HAL traded down $0.12 during midday trading on Tuesday, reaching $19.48. 6,125,435 shares of the company’s stock traded hands, compared to its average volume of 9,502,723. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 121.76 and a beta of 2.84. The stock’s 50 day simple moving average is $20.08 and its 200-day simple moving average is $21.54. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 1.68. Halliburton has a one year low of $10.60 and a one year high of $25.00. Read more …

 

UnitedHealth Group Incorporated (NYSE:UNH) Director Richard T. Burke sold 2,500 shares of the business’s stock in a transaction dated Friday, September 17th. The stock was sold at an average price of $419.00, for a total value of $1,047,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UNH traded down $0.36 on Tuesday, hitting $412.34. The company had a trading volume of 2,382,123 shares, compared to its average volume of 2,984,847. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.62. The firm has a market cap of $388.80 billion, a P/E ratio of 27.24, a PEG ratio of 1.62 and a beta of 0.77. The company’s fifty day moving average price is $416.51 and its 200 day moving average price is $400.62. UnitedHealth Group Incorporated has a 1 year low of $289.64 and a 1 year high of $431.36. Read more …

 

Bristol-Myers Squibb (NYSE:BMY) CEO Giovanni Caforio sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 20th. The shares were sold at an average price of $60.64, for a total value of $1,516,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE BMY traded down $0.18 during midday trading on Wednesday, hitting $60.15. The company had a trading volume of 9,658,651 shares, compared to its average volume of 10,596,237. The company has a market capitalization of $133.66 billion, a PE ratio of -26.57, a P/E/G ratio of 1.20 and a beta of 0.61. The company has a current ratio of 1.54, a quick ratio of 1.42 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $66.48 and a 200-day moving average price of $65.37. Bristol-Myers Squibb has a twelve month low of $56.75 and a twelve month high of $69.75. Read more …

 

 

Williams-Sonoma, Inc. (NYSE:WSM) insider Ryan Ross sold 2,700 shares of the stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $185.57, for a total transaction of $501,039.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ryan Ross also recently made the following trade(s):

On Wednesday, July 7th, Ryan Ross sold 2,400 shares of Williams-Sonoma stock. The stock was sold at an average price of $165.00, for a total value of $396,000.00.

On Friday, June 25th, Ryan Ross sold 5,600 shares of Williams-Sonoma stock. The stock was sold at an average price of $160.42, for a total value of $898,352.00.

Shares of WSM traded down $1.40 during midday trading on Thursday, reaching $188.51. 534,455 shares of the stock were exchanged, compared to its average volume of 1,203,200. Williams-Sonoma, Inc. has a twelve month low of $85.30 and a twelve month high of $204.41. The company has a market cap of $14.02 billion, a P/E ratio of 15.07, a PEG ratio of 1.15 and a beta of 1.68. The stock’s 50 day simple moving average is $168.25 and its 200 day simple moving average is $167.40. Read more …

Most Significant Insider Trades: Week of September 13, 2021

 

Disposals:

 

L3Harris Technologies, Inc. (NYSE:LHX) SVP Scott T. Mikuen sold 10,753 shares of the company’s stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $230.77, for a total transaction of $2,481,469.81. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE LHX traded down $3.11 during mid-day trading on Monday, hitting $228.52. 1,102,007 shares of the stock were exchanged, compared to its average volume of 1,110,280. The company has a market cap of $45.92 billion, a P/E ratio of 32.40, a PEG ratio of 2.06 and a beta of 0.89. The stock’s fifty day simple moving average is $228.82 and its two-hundred day simple moving average is $215.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.50 and a current ratio of 1.70. L3Harris Technologies, Inc. has a twelve month low of $158.09 and a twelve month high of $235.10. Read more …

 

Microsoft Co. (NASDAQ:MSFT) EVP Kathleen T. Hogan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $298.68, for a total value of $5,973,600.00. The sale was disclosed in a filing with the SEC, which is available through this link. Read more …

Microsoft Co. (NASDAQ:MSFT) CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $298.82, for a total transaction of $2,988,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MSFT stock traded up $1.28 during trading on Monday, reaching $296.99. 23,643,837 shares of the company were exchanged, compared to its average volume of 25,975,563. The company has a 50-day moving average of $290.27 and a two-hundred day moving average of $263.41. The company has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 3.10 and a beta of 0.78. Microsoft Co. has a twelve month low of $196.25 and a twelve month high of $305.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05. Read more …

 

 

American Express (NYSE:AXP) insider Marc D. Gordon sold 13,424 shares of the firm’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $159.24, for a total value of $2,137,637.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

AXP stock traded down $2.31 during trading on Tuesday, reaching $159.14. 342,642 shares of the stock were exchanged, compared to its average volume of 3,341,412. American Express has a twelve month low of $89.11 and a twelve month high of $179.67. The company has a market capitalization of $126.43 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 0.90 and a beta of 1.28. The stock has a 50 day simple moving average of $166.95 and a 200-day simple moving average of $158.12. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.46. Read more …

 

Notable Analyst Upgrades and Downgrades for Week of August 30, 2021

 

Upgrades:

 

Halliburton (NYSE:HAL) was upgraded by research analysts at COKER & PALMER from a "sector perform" rating to a "sector outperform" rating in a research note issued to investors on Monday, Zacks.com reports.

A number of other brokerages have also issued reports on HAL. BNP Paribas upgraded shares of Halliburton from an "underperform" rating to a "neutral" rating and set a $23.00 price target on the stock in a research note on Wednesday, July 21st. HSBC upgraded shares of Halliburton from a "reduce" rating to a "hold" rating and upped their target price for the stock from $15.80 to $18.20 in a research note on Thursday, August 5th. Exane BNP Paribas upgraded shares of Halliburton from an "underperform" rating to a "neutral" rating and set a $23.00 target price on the stock in a research note on Wednesday, July 21st. Barclays upped their target price on shares of Halliburton from $29.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 21st. Finally, Citigroup upped their target price on shares of Halliburton from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, June 25th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of "Buy" and a consensus price target of $23.51. Read more …

 

Apple (NASDAQ:AAPL) was upgraded by research analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday, The Fly reports.

AAPL has been the subject of several other research reports. Zacks Investment Research lowered shares of Apple from a “buy” rating to a “hold” rating and set a $171.00 price target for the company. in a research report on Monday, July 26th. The Goldman Sachs Group reaffirmed a “hold” rating and set a $140.00 price target on shares of Apple in a research report on Tuesday, August 10th. Canaccord Genuity upped their price target on shares of Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Needham & Company LLC started coverage on shares of Apple in a research report on Wednesday, July 28th. They set a “buy” rating and a $170.00 price target for the company. Finally, Loop Capital upped their price target on shares of Apple from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $156.74. Read more …

 

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.

Several other brokerages also recently commented on CNI. Stifel Nicolaus started coverage on shares of Canadian National Railway in a research note on Monday, June 21st. They issued a “hold” rating on the stock. CIBC reduced their target price on shares of Canadian National Railway from C$146.00 to C$145.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 14th. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research note on Tuesday, May 18th. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $120.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Friday, July 9th. Finally, Scotiabank upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 27th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Buy” and an average price target of $133.87. Read more …

 

 

PPL (NYSE:PPL) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, The Fly reports. The firm currently has a $34.00 target price on the utilities provider’s stock, up from their previous target price of $22.00. Wells Fargo & Company‘s price target would indicate a potential upside of 15.84% from the company’s current price.

Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded PPL from a “strong sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research report on Wednesday, July 7th. Credit Suisse Group downgraded PPL to a “neutral” rating and increased their target price for the stock from $42.00 to $46.00 in a research report on Wednesday, August 18th. Morgan Stanley increased their target price on PPL from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 19th. TheStreet downgraded PPL from a “b” rating to a “c+” rating in a research report on Thursday, May 6th. Finally, Tudor Pickering restated a “buy” rating on shares of PPL in a report on Wednesday, May 5th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.91. Read more …

A Tech Stock Combining Growth and Decent Yield

 

In a world where tech stocks often fail to offer both dividend yield and growth, here's a company that delivers that elusive combination.

 

When we think dividend tech stocks, we often think of popular companies such as Apple (AAPL), Microsoft (MSFT) or Nvidia (NVDA). Those companies have two things in common: They offer great growth potential, but also pay a ridiculously small yield.

 

Is it possible to find a tech stock that would give us both? A company like IBM (IBM) could come into mind as it offers a very generous yield in this sector (around 4.5%). The problem is that IBM’s core business is still slowing down. The shift towards the cloud business seems quite difficult and other players are just doing it better. IBM hopes its shipping blockchain based solutions will provide additional growth as it is hard to replicate. Your dividend is safe and will continue to increase, but do not expect much besides that from your investment in this aging monolith. I have a better pick for you.

 

Introducing Broadcom (AVGO)

 

Broadcom--the combined entity of Broadcom and Avago--boasts a highly diverse product portfolio across an array of end markets. Avago focused primarily on radio frequency filters and amplifiers used in high-end smartphones, such as the Apple iPhone and Samsung Galaxy devices, in addition to an assortment of solutions for wired infrastructure, enterprise storage, and industrial end markets. Legacy Broadcom targeted networking semiconductors, such as switch and physical layer chips, broadband products (such as television set-top box processors), and connectivity chips that handle standards such as Wi-Fi and Bluetooth. The company has acquired Brocade, CA Technologies, and Symantec's enterprise security business to bolster its offerings in infrastructure software.

 

 

Continue reading …

 

Week's Most Significant Insider Trades: Week of March 29, 2021

 

Disposals:

 

Accenture plc (NYSE:ACN) COO Johan Deblaere sold 8,000 shares of Accenture stock in a transaction that occurred on Friday, March 26th. The shares were sold at an average price of $280.00, for a total value of $2,240,000.00. Following the sale, the chief operating officer now directly owns 52,579 shares in the company, valued at approximately $14,722,120. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Accenture stock traded down $2.21 during midday trading on Monday, reaching $278.56. The stock had a trading volume of 16,547 shares, compared to its average volume of 2,102,441. The firm’s fifty day simple moving average is $257.88 and its two-hundred day simple moving average is $245.96. Accenture plc has a twelve month low of $148.28 and a twelve month high of $281.30. The firm has a market cap of $183.54 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.09 and a beta of 1.08. Read more …

 

Broadcom Inc. (NASDAQ:AVGO) COO Charlie B. Kawwas sold 1,890 shares of the business’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $469.29, for a total value of $886,958.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of AVGO stock traded down $16.46 during mid-day trading on Tuesday, reaching $456.16. The stock had a trading volume of 2,777,077 shares, compared to its average volume of 2,224,907. The firm has a market capitalization of $186.25 billion, a PE ratio of 72.52, a price-to-earnings-growth ratio of 1.50 and a beta of 1.05. The stock’s 50-day moving average price is $469.91 and its two-hundred day moving average price is $419.25. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 1.69. Broadcom Inc. has a 52-week low of $219.68 and a 52-week high of $495.14. Read more …

 

Cisco Systems, Inc. (NASDAQ:CSCO) Director M Michele Burns sold 13,982 shares of Cisco Systems stock in a transaction on Friday, March 26th. The shares were sold at an average price of $51.55, for a total value of $720,772.10. Following the completion of the transaction, the director now owns 70,468 shares in the company, valued at approximately $3,632,625.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

CSCO stock traded down $0.75 during midday trading on Tuesday, reaching $51.77. 22,321,186 shares of the company’s stock traded hands, compared to its average volume of 22,636,520. Cisco Systems, Inc. has a 1-year low of $35.28 and a 1-year high of $52.94. The company has a market cap of $218.56 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.54 and a beta of 0.95. The company has a quick ratio of 1.54, a current ratio of 1.59 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $47.76 and a two-hundred day simple moving average of $43.46. Read more …

 

 

Ross Stores, Inc. (NASDAQ:ROST) Director George Orban sold 3,250 shares of the company’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $120.17, for a total transaction of $390,552.50. Following the transaction, the director now owns 405,450 shares in the company, valued at approximately $48,722,926.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

George Orban also recently made the following trade(s):

On Friday, March 26th, George Orban sold 3,250 shares of Ross Stores stock. The shares were sold at an average price of $120.12, for a total transaction of $390,390.00.

On Wednesday, March 17th, George Orban sold 3,250 shares of Ross Stores stock. The shares were sold at an average price of $123.31, for a total transaction of $400,757.50.

Ross Stores stock traded up $0.60 during midday trading on Friday, hitting $120.51. The stock had a trading volume of 1,370,938 shares, compared to its average volume of 2,175,749. The firm’s fifty day moving average is $119.68 and its two-hundred day moving average is $109.95. The company has a market capitalization of $42.96 billion, a PE ratio of 143.47, a P/E/G ratio of 8.16 and a beta of 0.95. Ross Stores, Inc. has a 52-week low of $74.17 and a 52-week high of $127.08. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. Read more …

 

Week's Most Significant Insider Trades: Week of March 22, 2021

 

Disposals:

 

Visa Inc. (NYSE:V) Director Robert W. Matschullat sold 29,956 shares of the firm’s stock in a transaction that occurred on Thursday, March 18th. The stock was sold at an average price of $223.02, for a total transaction of $6,680,787.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

V opened at $208.00 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $212.23 and its two-hundred day moving average price is $206.40. The firm has a market capitalization of $406.08 billion, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa Inc. has a 12-month low of $133.93 and a 12-month high of $228.23.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.14. Visa had a return on equity of 37.22% and a net margin of 49.74%. The company had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the business earned $1.46 earnings per share. Visa’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts anticipate that Visa Inc. will post 5.45 earnings per share for the current year. Read more …

 

Best Buy Co., Inc. (NYSE:BBY) CEO Corie S. Barry sold 10,855 shares of the stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $119.03, for a total transaction of $1,292,070.65. Following the sale, the chief executive officer now owns 194,516 shares in the company, valued at $23,153,239.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

 

Best Buy Co., Inc. (NYSE:BBY) COO Rajendra M. Mohan sold 8,640 shares of the business’s stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $119.03, for a total transaction of $1,028,419.20. Following the sale, the chief operating officer now directly owns 147,329 shares of the company’s stock, valued at $17,536,570.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rajendra M. Mohan also recently made the following trade(s):

On Tuesday, March 16th, Rajendra M. Mohan sold 4,261 shares of Best Buy stock. The shares were sold at an average price of $113.88, for a total transaction of $485,242.68.

Shares of Best Buy stock traded up $1.86 on Thursday, hitting $116.18. The company had a trading volume of 2,250,583 shares, compared to its average volume of 2,961,744. The business has a 50-day simple moving average of $112.27 and a 200-day simple moving average of $111.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 0.55. The company has a market cap of $29.05 billion, a PE ratio of 17.37, a PEG ratio of 1.40 and a beta of 1.52. Best Buy Co., Inc. has a 52 week low of $51.71 and a 52 week high of $124.89. Read more …

 

Costco Wholesale Co. (NASDAQ:COST) VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $334.30, for a total value of $1,437,490.00. Following the completion of the transaction, the vice president now owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

COST stock traded up $5.85 during mid-day trading on Tuesday, reaching $340.34. The company had a trading volume of 3,604,902 shares, compared to its average volume of 3,088,433. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $339.90 and a two-hundred day simple moving average of $359.73. The company has a market capitalization of $150.61 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 4.17 and a beta of 0.66. Costco Wholesale Co. has a 52 week low of $279.21 and a 52 week high of $393.15. Read more …

 

 

FedEx Co. (NYSE:FDX) VP John L. Merino sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $273.30, for a total value of $2,733,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NYSE:FDX traded down $7.21 during trading hours on Tuesday, reaching $266.81. 2,268,258 shares of the company's stock were exchanged, compared to its average volume of 2,691,275. The firm has a market capitalization of $70.80 billion, a price-to-earnings ratio of 29.47, a P/E/G ratio of 1.22 and a beta of 1.30. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10. FedEx Co. has a 1-year low of $103.40 and a 1-year high of $305.66. The company has a 50-day moving average of $258.53 and a 200 day moving average of $263.05.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $3.21 by $0.26. The firm had revenue of $21.51 billion for the quarter, compared to analyst estimates of $19.90 billion. FedEx had a net margin of 3.28% and a return on equity of 18.65%. FedEx's revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.41 earnings per share. Research analysts forecast that FedEx Co. will post 17.24 EPS for the current fiscal year. Read more …

Week's Most Significant Insider Trades: Week of October 5, 2020

 

Disposals:

Dominion Energy Inc (NYSE:D) Chairman Thomas F. Farrell II sold 50,000 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $80.28, for a total value of $4,014,000.00. Following the completion of the sale, the chairman now directly owns 1,038,262 shares of the company’s stock, valued at approximately $83,351,673.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of D stock traded up $0.29 during trading hours on Monday, hitting $80.09. The company had a trading volume of 2,924,494 shares, compared to its average volume of 4,076,727. Dominion Energy Inc has a 12 month low of $57.79 and a 12 month high of $90.89. The firm has a market capitalization of $67.29 billion, a price-to-earnings ratio of 108.73, a PEG ratio of 6.28 and a beta of 0.36. The firm’s fifty day moving average is $78.51 and its 200 day moving average is $78.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.46 and a current ratio of 0.64. Read more …

 

Broadcom Inc (NASDAQ:AVGO) insider Kirsten M. Spears sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $364.06, for a total value of $1,820,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of AVGO traded up $2.76 during trading hours on Wednesday, hitting $366.74. 1,227,290 shares of the company were exchanged, compared to its average volume of 2,691,714. The company has a market cap of $148.35 billion, a PE ratio of 68.81, a PEG ratio of 1.60 and a beta of 0.90. The firm’s 50 day moving average is $353.05 and its 200-day moving average is $302.24. Broadcom Inc has a 52 week low of $155.67 and a 52 week high of $378.96. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.88 and a current ratio of 2.04. Read more …

 

Southern Co (NYSE:SO) EVP Christopher C. Womack sold 5,930 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $58.00, for a total value of $343,940.00. Following the completion of the transaction, the executive vice president now owns 12,228 shares in the company, valued at approximately $709,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:SO traded down $0.03 on Wednesday, hitting $57.80. The company had a trading volume of 3,177,242 shares, compared to its average volume of 5,130,492. The stock has a market capitalization of $61.04 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 4.10 and a beta of 0.39. The company has a current ratio of 0.97, a quick ratio of 0.75 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average of $53.07 and a two-hundred day moving average of $54.29. Southern Co has a 52 week low of $41.96 and a 52 week high of $71.10. Read more …

 

 

 

 

Campbell Soup (NYSE:CPB) VP Stanley Polomski sold 6,075 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $48.07, for a total value of $292,025.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE CPB traded up $0.17 during trading hours on Thursday, hitting $48.42. 1,690,946 shares of the company traded hands, compared to its average volume of 2,572,976. The company’s 50 day moving average price is $48.59 and its 200 day moving average price is $49.16. Campbell Soup has a 12 month low of $40.70 and a 12 month high of $57.54. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 11.62 and a beta of 0.48. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 1.94. Read more …

 

Target Co. (NYSE:TGT) insider Stephanie A. Lundquist sold 4,471 shares of the firm's stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $161.00, for a total value of $719,831.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:TGT opened at $161.86 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.11 and a quick ratio of 0.55. The business's 50 day moving average price is $151.51 and its 200-day moving average price is $124.93. The firm has a market capitalization of $81.03 billion, a PE ratio of 23.36, a P/E/G ratio of 2.86 and a beta of 0.87. Target Co. has a 1 year low of $90.17 and a 1 year high of $163.32. Target (NYSE:TGT) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $3.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.64 by $1.74. Target had a return on equity of 30.25% and a net margin of 4.16%. The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $20.11 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The business's revenue was up 24.7% on a year-over-year basis. As a group, analysts expect that Target Co. will post 7.15 earnings per share for the current year. Read more …

 

Acquisitions:

Nothing to mention.