This Alert is a recap of key events in the model
portfolio over the past week.
Pfizer (PFE:NYSE) posted better-than-expected
quarterly results on Tuesday. The company earned $0.67 a
share in the first quarter, as revenue increased 19% from
the previous year to $13.01 billion. Pfizer saw higher
demand for several of its key products and also benefited
from a weaker U.S. dollar in the period.
The stock gained fractionally over the past week and
recently changed hands around $33.52. We maintain the
company is attractive to purchase for the 3.6% dividend
Kohl's (KSS:NYSE) will announce quarterly results on
the morning of May 12. The consensus analyst estimates
call for earnings of $0.39 a share in the fiscal first
quarter (ended April), down from $0.63 a year ago, on
$4.14 billion of revenue. Management has exceeded profit
expectations four of the past five quarters.
The retailer will host a conference call at 8:30 a.m. ET
May 12 that investors can access at 800-230-1074, using
the passcode: 386534. Both the live call and a replay
will also be available at the company's website (click
here). On the call, we'll be listening for any
guidance from management.
Ahead of the numbers, the stock fell 7% over the past
week and recently changed hands around $41.84. We
maintain that Kohl's is attractive to purchase for the
4.8% dividend yield.
Ford Motor (F:NYSE) said Tuesday that April U.S.
sales grew 4% year over year, which was just short of
expectations. Demand continues to be driven by trucks,
vans and SUVs and average pricing was up $1,500, which
was nearly double the industry average.
The shares are down 5% over the past week and recently
changed hands around $13.36. We continue to believe the
company is attractive to purchase for the 4.5% dividend
Tompkins Financial (TMP:NYSE) lost 3% over the past week
and recently changed hands around $63.68. That said, we
continue to believe shares are attractive for the 2.8%
Waste Management (WM:NYSE) gained more than 3% over the
past week and recently changed hands around $60.29. Even
though the stock is at record highs, we maintain the
company is attractive for the 2.7% dividend yield.
Pfizer declared its latest quarterly dividend of
$0.30 (3.6% yield) a share on April 28. Investors at the
close of trading on Tuesday will qualify for the payment
on June 1.
Sonoco Products (SON:NYSE) investors at the close of
trading on Tuesday will qualify for the next quarterly
dividend of $0.37 a share (3.2% yield), to be paid on
Southern (SO:NYSE) investors at the close of trading on
Wednesday will qualify for the next quarterly dividend of
$0.56 a share (4.4% yield), to be paid on June 6.
David S. Peltier
Ford and Pfizer are both active today after reporting (mostly) positive news.
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