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, 10 companies announced dividend increases. Note
that no dividend cuts or suspensions were announced during this period. This is
the first part of the week’s notifications.
SJM has been the topic of several other research reports.
Zacks Investment Research lowered shares of The J. M. Smucker from a
"buy" rating to a "hold" rating and set a $137.00 target
price on the stock. in a report on Tuesday, July 27th. Morgan Stanley lowered
their price objective on The J. M. Smucker from $126.00 to $117.00 and set an
"underweight" rating for the company in a research report on Friday,
August 27th. Jefferies Financial Group assumed coverage on shares of The J. M.
Smucker in a research note on Thursday, August 26th. They issued a
"hold" rating and a $140.00 target price on the stock. Credit Suisse
Group cut their price target on shares of The J. M. Smucker from $130.00 to
$125.00 and set a "neutral" rating on the stock in a report on
Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their
price objective on shares of The J. M. Smucker from $140.00 to $132.00 and set
a "hold" rating for the company in a report on Friday, August 27th.
One equities research analyst has rated the stock with a sell rating, seven
have given a hold rating and one has issued a buy rating to the company's
stock. Based on data from MarketBeat.com, The J. M. Smucker presently has a
consensus rating of "Hold" and an average price target of $129.33. Read
more …
Other analysts also recently issued reports about the
company. JPMorgan Chase & Co. lifted their price target on Algonquin Power
& Utilities from C$20.00 to C$21.00 and gave the stock a “strong-buy”
rating in a report on Monday, August 23rd. CSFB set a C$16.00 price target on
Algonquin Power & Utilities and gave the stock a “neutral” rating in a
report on Wednesday, October 27th. CIBC boosted their target price on Algonquin
Power & Utilities to C$22.00 and gave the company an “outperform” rating in
a report on Monday, August 16th. Royal Bank of Canada reissued an “outperform”
rating and issued a C$18.00 target price on shares of Algonquin Power &
Utilities in a report on Monday, August 16th. Finally, Credit Suisse Group
reissued a “neutral” rating and issued a C$16.00 target price on shares of Algonquin
Power & Utilities in a report on Wednesday, October 27th. Two investment
analysts have rated the stock with a hold rating, five have issued a buy rating
and one has assigned a strong buy rating to the stock. According to
MarketBeat.com, the stock currently has a consensus rating of “Buy” and a
consensus price target of C$18.19. Read
more …
Other equities analysts have also issued reports about the
stock. National Bankshares increased their price objective on shares of Bank of
Montreal from C$139.00 to C$149.00 and gave the company an “outperform” rating
in a report on Wednesday, August 25th. Barclays upgraded shares of Bank of
Montreal from an “underperform” rating to an “equal weight” rating and set a
C$83.00 price objective on the stock in a report on Tuesday, September 7th.
National Bank Financial increased their price objective on shares of Bank of Montreal
to C$149.00 and gave the company an “outperform” rating in a report on
Wednesday, August 25th. CSFB increased their price objective on shares of Bank
of Montreal from C$144.00 to C$147.00 in a report on Wednesday, September 1st.
Finally, Cormark upped their target price on shares of Bank of Montreal from
C$138.00 to C$144.00 and gave the company a “sector perform” rating in a
research note on Wednesday, August 25th. Four investment analysts have rated
the stock with a hold rating and ten have given a buy rating to the stock.
Based on data from MarketBeat, the company has a consensus rating of “Buy” and
a consensus target price of C$138.66. Read
more …
A number of other research firms have also recently weighed
in on COST. Evercore ISI raised their price objective on Costco Wholesale from
$480.00 to $525.00 and gave the stock an “outperform” rating in a research
report on Thursday, November 4th. Oppenheimer raised their target price on
Costco Wholesale from $500.00 to $550.00 and gave the stock an “outperform”
rating in a research note on Thursday, November 4th. They noted that the move
was a valuation call. Tigress Financial restated a “buy” rating and issued a
$520.00 target price on shares of Costco Wholesale in a research note on
Wednesday, September 29th. Jefferies Financial Group raised their target price
on Costco Wholesale from $525.00 to $580.00 and gave the stock a “buy” rating
in a research note on Thursday, November 4th. Finally, Deutsche Bank Aktiengesellschaft
raised their target price on Costco Wholesale from $468.00 to $472.00 and gave
the stock a “hold” rating in a research note on Thursday, November 4th. Six
research analysts have rated the stock with a hold rating and twenty have
issued a buy rating to the company’s stock. According to MarketBeat.com, Costco
Wholesale has an average rating of “Buy” and an average price target of
$496.23. Read
more …
Karen G. Narwold also recently made the following trade(s):
On Tuesday, June 8th, Karen G. Narwold sold 1,338 shares of Albemarle stock. The shares were sold at an average price of $171.30, for a total value of $229,199.40.
Nucor Co. (NYSE:NUE) EVP Allen C. Behr sold 6,103 shares of the business’s stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $123.28, for a total value of $752,377.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE NUE traded up $0.76 on Thursday, reaching $123.48. 177,754 shares of the company were exchanged, compared to its average volume of 3,306,208. The firm has a fifty day simple moving average of $99.85. The company has a market cap of $36.95 billion, a PE ratio of 12.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.11 and a quick ratio of 1.76. Nucor Co. has a fifty-two week low of $44.05 and a fifty-two week high of $123.98. Read more …
TGT traded up $2.32 on Monday, reaching $262.41. 2,491,688
shares of the company traded hands, compared to its average volume of
3,449,493. Target Co. has a one year low of $131.25 and a one year high of
$263.46. The firm has a fifty day moving average price of $244.94. The firm has
a market capitalization of $129.82 billion, a P/E ratio of 21.40, a P/E/G ratio
of 1.56 and a beta of 1.01. The company has a current ratio of 1.07, a quick
ratio of 0.51 and a debt-to-equity ratio of 0.77. Read
more …
SCHW stock traded up $1.51 during mid-day trading on Monday,
reaching $73.44. The company’s stock had a trading volume of 453,659 shares,
compared to its average volume of 7,802,283. The company has a market
capitalization of $132.71 billion, a P/E ratio of 31.20 and a beta of 1.03. The
business’s 50 day moving average price is $71.27. The company has a
debt-to-equity ratio of 0.39, a quick ratio of 0.39 and a current ratio of
0.39. The Charles Schwab Co. has a 12 month low of $32.84 and a 12 month high
of $76.37. Read
more …
Shares of Costco Wholesale Corp. are nearly flat since the
beginning of the year compared to a return of 12% for the S&P 500 Index.
Part of this can be explained in that Costco's stocked
gained more than 28% last year as consumers flocked to the company's stores to
stock upon everyday items during the worst of the Covid-19 pandemic.
The stock now looks pricey on a historical valuation basis
as well as its intrinsic value as determined by GuruFocus.
That being said, Costco, while not cheap, has a strong
business model and impressive same-store sales that make the stock deserving of
a high multiple.
A look at earnings results
Costco reported earnings results for the third quarter of
fiscal 2021 on May 27. Revenue grew 21.7% to $45.3 billion, the highest
year-over-year growth rate in at least five years and $971 million above what
Wall Street analysts had expected. Net income of $1.22 billion, or $2.75 per
share, compared very favorably to net income of $838 million, or $1.89 per
share, for the same period of the prior year. The most recent quarter includes
a 9 cent per share headwind from higher employee wages, but this won't be an
issue in future quarters as the higher wage program has ended. Earnings per
share was also 23 cents better than expected.
Year to date, revenue is up more than 15% while earnings per
share have increased 27.5%.
For the third quarter, same-store sales grew 20.6%, which is
higher than the growth rate so far for the fiscal year. Excluding the impact of
gas and currency exchange, comparable sales improved 15.1%, topping consensus
estimates of 12.7%.
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) 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 …
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 …
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 …
A number of other brokerages have also recently issued
reports on BMO. CSFB increased their price objective on Bank of Montreal
(BMO.TO) from C$108.00 to C$113.00 in a report on Wednesday, March 3rd. CIBC
upped their target price on Bank of Montreal (BMO.TO) from C$120.00 to C$122.00
in a research note on Tuesday, March 2nd. Scotiabank upped their target price
on Bank of Montreal (BMO.TO) from C$111.00 to C$126.00 in a research note on
Wednesday, February 24th. Royal Bank of Canada upped their target price on Bank
of Montreal (BMO.TO) from C$110.00 to C$125.00 and gave the stock a
"sector perform" rating in a research note on Wednesday, February
24th. Finally, Cormark upped their target price on Bank of Montreal (BMO.TO)
from C$104.00 to C$110.00 and gave the stock a "na" rating in a
research note on Thursday, February 25th. Three research analysts have rated
the stock with a hold rating, six have given a buy rating and one has issued a
strong buy rating to the company. Bank of Montreal (BMO.TO) currently has an
average rating of "Buy" and a consensus price target of C$110.51. Read
more …
VFC has been the subject of a number of other research
reports. JPMorgan Chase & Co. boosted their price target on V.F. from
$88.00 to $100.00 and gave the company an “overweight” rating in a research
note on Thursday, January 7th. Piper Sandler upgraded V.F. from a “neutral”
rating to an “overweight” rating and boosted their price target for the stock
from $73.00 to $106.00 in a report on Monday, January 4th. Cowen boosted their
price target on V.F. from $91.00 to $99.00 and gave the stock an “outperform”
rating in a report on Monday, January 25th. They noted that the move was a
valuation call. Robert W. Baird boosted their price target on V.F. from $85.00
to $92.00 and gave the stock an “outperform” rating in a report on Tuesday,
November 10th. Finally, OTR Global upgraded V.F. to a “positive” rating in a
report on Monday, January 11th. One analyst has rated the stock with a sell
rating, four have issued a hold rating and fifteen have assigned a buy rating
to the stock. The company has an average rating of “Buy” and an average price
target of $88.65. Read
more …
A number of other brokerages also recently commented on KO.
Morgan Stanley dropped their price objective on shares of The Coca-Cola from
$59.00 to $55.00 and set an "overweight" rating on the stock in a
research report on Thursday, January 14th. Sanford C. Bernstein started
coverage on shares of The Coca-Cola in a research report on Tuesday, January
19th. They issued an "outperform" rating and a $58.00 price objective
on the stock. Wells Fargo & Company started coverage on shares of The
Coca-Cola in a research report on Monday, December 7th. They issued an
"overweight" rating and a $62.00 price objective on the stock.
Guggenheim downgraded shares of The Coca-Cola from a "buy" rating to
a "neutral" rating in a research report on Tuesday, January 5th.
Finally, JPMorgan Chase & Co. cut shares of The Coca-Cola from an
"overweight" rating to a "neutral" rating and set a $55.00
target price for the company. in a report on Thursday, January 7th. One equities
research analyst has rated the stock with a sell rating, six have issued a hold
rating, ten have given a buy rating and one has assigned a strong buy rating to
the company. The stock currently has an average rating of "Buy" and a
consensus target price of $54.06. Read
more …
A number of other equities research analysts have also
weighed in on ETN. HSBC upgraded shares of Eaton from a “hold” rating to a
“buy” rating and raised their price objective for the company from $103.00 to
$140.00 in a report on Tuesday, February 16th. Jefferies Financial Group lifted
their price target on shares of Eaton from $130.00 to $150.00 and gave the
stock a “buy” rating in a research note on Friday, January 15th. Berenberg Bank
upgraded shares of Eaton from a “hold” rating to a “buy” rating and lifted
their price target for the stock from $110.00 to $160.00 in a research note on
Monday. Oppenheimer lifted their price target on shares of Eaton from $133.00
to $145.00 in a research note on Tuesday, March 2nd. Finally, Bank of America
upgraded shares of Eaton from a “neutral” rating to a “buy” rating and set a
$135.00 price target on the stock in a research note on Wednesday, November
11th. Five investment analysts have rated the stock with a hold rating and
twelve have given a buy rating to the company’s stock. The stock has a
consensus rating of “Buy” and a consensus price target of $125.17. Read
more …
Several other analysts have also issued reports on WRK. Bank
of America upped their target price on Westrock from $38.00 to $41.00 and gave
the stock a “buy” rating in a research note on Tuesday, September 15th. Wells
Fargo & Company restated a “buy” rating and issued a $44.00 price objective
(up from $40.00) on shares of Westrock in a report on Wednesday, September 9th.
Morgan Stanley assumed coverage on shares of Westrock in a report on Monday,
June 15th. They set an “equal weight” rating and a $28.00 target price on the
stock. Citigroup lifted their target price on shares of Westrock from $34.00 to
$36.00 and gave the stock a “buy” rating in a research report on Thursday,
August 6th. Finally, DA Davidson reissued a “buy” rating on shares of Westrock
in a research note on Wednesday, August 5th. Two analysts have rated the stock
with a sell rating, three have assigned a hold rating, seven have given a buy
rating and one has given a strong buy rating to the company. Westrock has a
consensus rating of “Buy” and a consensus price target of $39.27. Read
more …
Other equities analysts also recently issued research
reports about the company. Zacks Investment Research upgraded International
Paper from a "hold" rating to a "strong-buy" rating and set
a $48.00 target price on the stock in a research note on Wednesday, September
30th. ValuEngine raised International Paper from a "sell" rating to a
"hold" rating in a research report on Thursday, September 10th. BofA
Securities raised shares of International Paper from a "neutral"
rating to a "buy" rating in a research report on Thursday, July 16th.
DA Davidson reaffirmed a "buy" rating on shares of International
Paper in a report on Friday, July 31st. Finally, Wells Fargo & Company
raised shares of International Paper from an "equal weight" rating to
an "overweight" rating and boosted their target price for the company
from $38.00 to $52.00 in a report on Friday. Three investment analysts have
rated the stock with a sell rating, seven have given a hold rating, seven have
given a buy rating and one has assigned a strong buy rating to the company. The
company currently has an average rating of "Hold" and a consensus
target price of $44.14. Read
more …
A number of other research analysts have also recently
weighed in on PEP. SunTrust Banks lifted their target price on shares of
PepsiCo from $125.00 to $130.00 and gave the company a “hold” rating in a
research note on Tuesday, July 14th. Jefferies Financial Group raised their
price target on PepsiCo from $130.00 to $135.00 and gave the company a “hold”
rating in a report on Thursday, July 9th. Morgan Stanley upped their price
objective on PepsiCo from $155.00 to $158.00 and gave the stock an “overweight”
rating in a research note on Friday, October 2nd. Zacks Investment Research
downgraded PepsiCo from a “hold” rating to a “sell” rating and set a $140.00
target price on the stock. in a research note on Friday, September 18th.
Finally, Truist boosted their price target on PepsiCo from $130.00 to $135.00
in a report on Friday, October 2nd. Two analysts have rated the stock with a
sell rating, four have given a hold rating, eight have assigned a buy rating
and two have assigned a strong buy rating to the company’s stock. PepsiCo has
an average rating of “Buy” and a consensus target price of $144.13. Read
more …
Several other research analysts also recently commented on
CB. Zacks Investment Research downgraded shares of Chubb from a
"hold" rating to a "strong sell" rating and set a $97.00
price target on the stock. in a research note on Wednesday, September 30th.
Royal Bank of Canada upped their target price on Chubb from $150.00 to $155.00
and gave the stock an "outperform" rating in a research note on
Thursday, July 30th. Deutsche Bank Aktiengesellschaft reduced their price
target on Chubb from $138.00 to $135.00 and set a "hold" rating for
the company in a research report on Tuesday, July 7th. ValuEngine raised shares
of Chubb from a "sell" rating to a "hold" rating in a
research note on Thursday, June 25th. Finally, Evercore ISI upgraded shares of
Chubb from an "in-line" rating to an "outperform" rating
and set a $157.00 target price for the company in a research note on Thursday,
July 16th. Three research analysts have rated the stock with a sell rating, six
have assigned a hold rating and nine have given a buy rating to the stock.
Chubb currently has a consensus rating of "Hold" and an average price
target of $143.19. Read
more …
