ValuentumAd

Official PayPal Seal













Fundamental data is updated weekly, as of the prior weekend. Please download the Full Report and Dividend Report for any changes.
Jul 31, 2024
Microsoft's Cash Flow Generation Robust, Azure Expected to Accelerate
Image Source: Microsoft. Microsoft ended the June quarter with $75.5 billion in total cash and cash equivalents and $51.6 billion in short- and long-term debt on the books, good for a nice net cash position. In the three months ended June 30, cash flow from operations surged to $37.2 billion from $28.8 billion in the same period a year ago, while capital spending totaled $13.9 billion in the June quarter versus $8.9 billion in last year’s quarter. Free cash flow increased 17.7% in the quarter, coming in at $23.3 billion versus $19.8 billion in the same period a year ago. During the quarter, Microsoft returned $8.4 billion to shareholders in the form of dividends and buybacks. Shares yield 0.7% at the time of this writing.
Jul 30, 2024
Dividend Aristocrat Enterprise Products Partners Showcases Strong Earnings Growth in Second Quarter
Image Source: 2Q 2024 Enterprise Products Partners Earnings Slides. On July 30, Enterprise Products Partners reported decent second quarter results. During the quarter, the midstream energy company generated net income attributable to common unitholders of $1.4 billion, or $0.64 per unit on a fully diluted basis, a 12% increase from the same period a year ago. Distributable cash flow [DCF] came in at $1.8 billion, up from $1.7 billion in last year’s quarter and covered its distribution 1.6 times. Enterprise increased its distribution 5% in the second quarter, to $2.10 per common unit on an annualized basis, marking the 26th consecutive year it has raised its payout.
Jul 30, 2024
Phillips 66 Records Strong Free Cash Flow in Second Quarter
Image Source: Phillips 66 Investor Update. We like Phillips 66’s investment prospects. The company recently raised its mid-cycle adjusted EBITDA target to $14 billion by 2025. It has a strong investment-grade credit rating of A3/BBB+, with a net debt-to-capital ratio target between 25%-30%. Maintaining capital discipline is par for the course for Phillips 66, as it has generated 12% average ROCE since 2012. The company targets returning more than 50% of operating cash to shareholders, too. Its shares yield 3.3% at the time of this writing.
Jul 29, 2024
McDonald’s Speaks of Cautious Consumer But Traction with $5 Meal Deal
McDonald’s second quarter results weren’t great. Comparable store sales and consolidated operating income fell during the period, but McDonald’s lapped a very strong second quarter of 2023, which included a double-digit comp. Diluted earnings per share also declined at a mid-single-digit pace. That said, however, McDonald’s $5 meal deal is gaining traction, and we think it is part of the solution for lower guest counts driven by its recent strategic pricing actions. McDonald’s hasn’t been a strong performer in the Best Ideas Newsletter portfolio of late, but we remain optimistic on its prospects in the current inflationary environment. Shares yield 2.6%.
Jul 28, 2024
3M Looks to a Brighter Future, Shares Rally 20%+
Image Source: 3M’s second quarter results were better than feared. 3M’s stock rallied more than 20% following its second quarter earnings report, as the firm works to put settlements for faulty earplugs and PFAS pollution as well as its spin-off of Solventum behind it. With most of its troubles in the rear-view mirror, 3M can now focus more of its efforts on organic performance, which was solid in the second quarter, despite some portfolio/geographic shifts in its ‘Consumer’ division. 3M’s free cash flow conversion remains robust, and its net debt stood at a manageable ~$3 billion at the end of the quarter. Shares of 3M yield 2.2% at the time of this writing.
Jul 26, 2024
Dividend Increases/Decreases for the Week of July 26
Let's take a look at firms raising/lowering their dividends this week.
Jul 25, 2024
Honeywell Adjusts Full Year 2024 Guidance on Margin Pressures
Image: Honeywell’s shares have traded sideways for the past 12-18 months. Honeywell is a fantastic company, and we continue to like shares in the Dividend Growth Newsletter portfolio. Second quarter results were better than expected, but the quarterly beat was overshadowed by lowered adjusted earnings per share and free cash flow guidance for 2024. Though the news wasn’t great, we’re not making any changes to our newsletter portfolios at this time. Shares of Honeywell yield 2% at the time of this writing.
Jul 25, 2024
IBM’s Free Cash Flow Generation on the Up and Up
Image: IBM’s shares have staged a nice recovery since the beginning of 2023. Looking ahead to full-year 2024 expectations, IBM continues to expect constant currency revenue growth in the mid-single-digit range, while it now expects free cash flow to be in excess of $12 billion on the year. IBM ended its second quarter with $56.5 billion in total debt and $13.7 billion in cash and marketable securities. We like IBM’s improvement in free cash flow generation and exposure to AI, but we prefer other ideas in big cap tech, namely Alphabet and Microsoft. Shares yield 3.6%.
Jul 25, 2024
Republic Services Showcases Pricing Strength, Raises Dividend
Image: Republic Services’ stock has been consistently strong since the beginning of 2023. For 2024, Republic expects revenue in the range of $16.075-$16.125 billion, adjusted EBITDA in the range of $4.9-$4.925 billion, and adjusted diluted earnings per share in the range of $6.15-$6.20. Adjusted free cash flow is expected to be in the range of $2.15-$2.17 billion on the year. Management continues to be shareholder friendly buying back stock, and the firm raised its quarterly dividend by $0.045, to $0.58 per share. We like Republic’s pricing strength, its attractive disposal assets, as well as its free cash flow generation. The company remains a holding in the newsletter portfolios.
Jul 25, 2024
Chipotle's Comparable Store Sales Growth Impresses
Image: Chipotle’s stock has done quite well since the beginning of 2023. Looking to 2024, Chipotle's full year comparable restaurant sales growth is expected in the mid to high-single digit range, while the firm expects to open a total of 285 to 315 new restaurant openings in the year with over 80% having a Chipotlane drive thru. We liked Chipotle’s second quarter results, especially the pace of its comparable store sales increase, and the firm remains a key idea in the portfolio of the Best Ideas Newsletter.


The High Yield Dividend Newsletter, Best Ideas Newsletter, Dividend Growth Newsletter, Nelson Exclusive publication, and any reports, articles and content found on this website are for information purposes only and should not be considered a solicitation to buy or sell any security. The sources of the data used on this website are believed by Valuentum to be reliable, but the data’s accuracy, completeness or interpretation cannot be guaranteed. Valuentum is not responsible for any errors or omissions or for results obtained from the use of its newsletters, reports, commentary, or publications and accepts no liability for how readers may choose to utilize the content. Valuentum is not a money manager, is not a registered investment advisor and does not offer brokerage or investment banking services. Valuentum, its employees, and affiliates may have long, short or derivative positions in the stock or stocks mentioned on this site.