U.S. Capital Wealth Advisors LLC Acquires 10,223 Shares of Teck Resources Limited (NYSE:TECK)

U.S. Capital Wealth Advisors LLC boosted its position in Teck Resources Limited (NYSE:TECK - Free Report) TSE: TECK by 70.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,784 shares of the basic materials company's stock after acquiring an additional 10,223 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Teck Resources were worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TECK. Principal Financial Group Inc. lifted its stake in Teck Resources by 21.7% in the third quarter. Principal Financial Group Inc. now owns 7,429,981 shares of the basic materials company's stock worth $388,507,000 after purchasing an additional 1,326,241 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Teck Resources by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 6,495,880 shares of the basic materials company's stock valued at $341,337,000 after acquiring an additional 165,759 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in Teck Resources by 3.9% during the 3rd quarter. AMF Tjanstepension AB now owns 4,552,507 shares of the basic materials company's stock valued at $238,055,000 after acquiring an additional 169,476 shares during the period. FMR LLC grew its position in Teck Resources by 72.8% during the 3rd quarter. FMR LLC now owns 3,634,430 shares of the basic materials company's stock worth $189,848,000 after acquiring an additional 1,531,563 shares during the last quarter. Finally, Regal Partners Ltd grew its position in Teck Resources by 1.4% during the 3rd quarter. Regal Partners Ltd now owns 2,728,980 shares of the basic materials company's stock worth $142,562,000 after acquiring an additional 38,949 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company's stock.

Teck Resources Stock Up 1.0 %

Shares of TECK traded up $0.45 during trading hours on Friday, hitting $43.04. The company had a trading volume of 4,561,185 shares, compared to its average volume of 2,856,734. Teck Resources Limited has a 52-week low of $36.50 and a 52-week high of $55.13. The firm has a fifty day moving average price of $42.49 and a 200-day moving average price of $45.97. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 65.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.35 and a current ratio of 2.92.

Teck Resources Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.0895 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Teck Resources's dividend payout ratio (DPR) is currently 53.03%.

Analysts Set New Price Targets

Several brokerages recently commented on TECK. UBS Group downgraded shares of Teck Resources from a "buy" rating to a "neutral" rating in a research note on Monday, November 11th. National Bank Financial downgraded shares of Teck Resources from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft cut Teck Resources from a "buy" rating to a "hold" rating and set a $50.00 target price on the stock. in a research note on Friday, October 25th. StockNews.com raised Teck Resources from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on Teck Resources from $55.00 to $51.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Teck Resources currently has an average rating of "Moderate Buy" and a consensus target price of $65.38.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.