20,246 Shares in Teekay Co. (NYSE:TK) Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of Teekay Co. (NYSE:TK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,246 shares of the shipping company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC bought a new stake in shares of Teekay in the fourth quarter worth $4,945,000. JPMorgan Chase & Co. lifted its holdings in Teekay by 47.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,043,479 shares of the shipping company’s stock valued at $7,231,000 after acquiring an additional 338,105 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Teekay by 738.1% in the 4th quarter. Alliancebernstein L.P. now owns 357,890 shares of the shipping company’s stock valued at $2,480,000 after acquiring an additional 315,190 shares during the last quarter. American Century Companies Inc. lifted its stake in Teekay by 9.9% during the fourth quarter. American Century Companies Inc. now owns 2,022,149 shares of the shipping company’s stock valued at $14,013,000 after buying an additional 181,474 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Teekay during the fourth quarter valued at about $975,000. 46.73% of the stock is owned by institutional investors and hedge funds.

Teekay Price Performance

Shares of TK opened at $8.37 on Monday. The company has a market capitalization of $768.67 million, a price-to-earnings ratio of 5.94 and a beta of 0.37. Teekay Co. has a fifty-two week low of $5.65 and a fifty-two week high of $9.95. The business’s 50-day moving average is $6.86 and its 200-day moving average is $7.02.

Teekay (NYSE:TK) last issued its earnings results on Wednesday, February 19th. The shipping company reported $0.19 earnings per share for the quarter. The company had revenue of $161.63 million for the quarter. Teekay had a return on equity of 5.67% and a net margin of 10.96%.

Teekay Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 2nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. Teekay’s dividend payout ratio is currently 17.73%.

Teekay Profile

Teekay Corporation engages in the international crude oil and other marine transportation services worldwide. The company owns and operates crude oil and refined product tankers. It also provides ship-to-ship support services; tanker commercial management operation services; and operational and maintenance marine services.