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Westpac Banking Corporation Add to portfolio

XJO:WBC, Aug 23, 08:39 UTC

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Is the Westpac share price a buy for its 9.6% dividend yield?

WBC NAB

Is the Westpac Banking Corp (ASX: WBC) share price a buy for the grossed-up dividend yield of 9.6% on offer? The big bank didn’t cut its dividend in its recent report, unlike National Australia Bank Ltd (ASX: NAB) which did. Westpac and Commonwealth Bank of Australia (ASX: CBA) are the only two of the four big banks to have maintained or grown their dividends each year since the GFC. The financials of a bank don’t tell you how risky (or not) the borrowers are, which is why I don’t want to invest in ASX banks myself. If I were looking for income I would much rather own shares of these top ASX shares for my portfolio.

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Avalonbay Cmntys INC (AVB) Share Value Rose While Westpac Banking Corp Has Boosted Holding by $1.15 Billion

WBC AVB

Cadence Cap Management Ltd Liability holds 0.05% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 2,931 shares. Westpac Banking Corp who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be bullish on the $29.14 billion market cap company. Westpac Banking Corp, which manages about $6057.80 billion US Long portfolio, decreased its stake in Brookfield Property Reit Inc by 20,400 shares to 366,382 shares, valued at $7.51 billion in 2019Q1, according to the filing. More recent AvalonBay Communities, Inc. (NYSE:AVB) news were published by: Finance.Yahoo.com which released: “Does AvalonBay Communities (NYSE:AVB) Deserve A Spot On Your Watchlist?

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Wednesday, August 21


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Westpac and these ASX dividend shares could be great options for income investors

WBC

Westpac and these ASX dividend shares could be great options for income investors. Motley Fool 21 August 2019, 9:47 pm UTC. Although current cash rate futures imply that there is only an 11% chance of a rate cut at the Reserve Bank’s meeting next month, I don’t think it will be long before the cash rate is taken below 1%. So, if you haven’t already done so, I would suggest you consider switching from term deposits into dividend shares that offer far greater yields. Now, if you’ve been around this site for any length of time, you know The Motley Fool usually shuns bank shares. But we’ve recently discovered a ‘hidden in plain sight’ bank stock with what we think is mouth-watering potential. With the company boasting nearly 25% net profit growth every year for the last 5 YEARS…. And the shares paying a fully franked dividend that beats the pants off term deposits! So if you like steady, high-growth income plays – we’ve got you covered!

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Westpac Banking (NYSE:WBK) Downgraded by ValuEngine – Tech Know Bits

WBC

Westpac Banking (NYSE:WBK) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday, August 12th, ValuEngine reports. The stock has a market capitalization of $65.43 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 8.91 and a beta of 0.98. Westpac Banking has a 52 week low of $16.41 and a 52 week high of $21.83. Several institutional investors and hedge funds have recently modified their holdings of WBK. Northern Trust Corp boosted its stake in Westpac Banking by 4.7% during the 2nd quarter. Northern Trust Corp now owns 3,243,092 shares of the bank’s stock valued at $64,635,000 after purchasing an additional 144,504 shares during the last quarter.

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Westpac Banking (NYSE:WBK) vs. Bank of N.T. Butterfield & Son (NYSE:NTB) Financial Contrast – Mayfield Recorder

WBC

Westpac Banking (NYSE:WBK) and Bank of N.T. Butterfield & Son (NYSE:NTB) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, risk, profitability and earnings. Comparatively, 71.8% of Bank of N.T. Butterfield & Son shares are held by institutional investors. This is a summary of current ratings for Westpac Banking and Bank of N.T. Butterfield & Son, as reported by MarketBeat.com.

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Monday, August 19


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As Avalonbay Cmntys INC (AVB) Stock Rose, Westpac Banking Corp Raised Position

WBC AVB

It increased, as 30 investors sold AVB shares while 139 reduced holdings. 124.21 million shares or 1.53% less from 126.14 million shares in 2018Q4 were reported. Commonwealth Of Pennsylvania School Empls Retrmt has 0.03% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 8,098 shares. More notable recent AvalonBay Communities, Inc. (NYSE:AVB) news were published by: Seekingalpha.com which released: “AvalonBay to sell 80% stake in five Manhattan apartment complexes – Seeking Alpha” on October 04, 2018, also Prnewswire.com with their article: “WhyHotel Continues West Coast Expansion with Launch of Seattle Pop-Up Hotel – PRNewswire” published on July 31, 2019, Seekingalpha.com published: “AvalonBay Is A Sell – Seeking Alpha” on February 26, 2019.

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Yum Brands INC (YUM) Stock Rose While Westpac Banking Corp Cut Its Position by $296.54 Million

WBC

It worsened, as 41 investors sold YUM shares while 275 reduced holdings. 218.50 million shares or 1.81% less from 222.53 million shares in 2018Q4 were reported. Westpac Banking Corp who had been investing in Yum Brands Inc for a number of months, seems to be less bullish one the $35.47 billion market cap company. Westpac Banking Corp, which manages about $6057.80 billion US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 549,400 shares to 1.55 million shares, valued at $15.45 billion in 2019Q1, according to the filing.

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Westpac Banking Corp Has $49.11 Million Holdings in Walt Disney Co (NYSE:DIS) – Tech Know Bits

WBC DIS

Walt Disney makes up 0.7% of Westpac Banking Corp’s investment portfolio, making the stock its 15th biggest holding. Charter Trust Co. now owns 12,826 shares of the entertainment giant’s stock worth $1,791,000 after purchasing an additional 2,077 shares during the period. In other Walt Disney news, EVP Zenia B. Mucha sold 49,561 shares of Walt Disney stock in a transaction on Wednesday, June 19th. Zacks Investment Research raised shares of Walt Disney from a “strong sell” rating to a “hold” rating and set a $120.00 target price for the company in a research note on Tuesday, July 9th.

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Coty Inc (NYSE:COTY) Stock Position Increased by Westpac Banking Corp – Riverton Roll

WBC

Several other institutional investors and hedge funds have also recently bought and sold shares of COTY. SG Americas Securities LLC now owns 2,319,616 shares of the company’s stock worth $26,676,000 after purchasing an additional 1,890,040 shares during the period. In other Coty news, Director Peter Harf purchased 309,222 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. Citigroup lowered Coty from a “neutral” rating to a “sell” rating and cut their target price for the stock from $14.00 to $10.00 in a research report on Tuesday, July 2nd.

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Sunday, August 18


News

UPDATE 2-Headwinds hitting capital at Australia's Westpac ahead of January deadline

WBC NAB

UPDATE 2-Headwinds hitting capital at Australia's Westpac ahead of January deadline. * Westpac reports higher 90+ day delinquencies, repossessions (Recasts with capital detail). SYDNEY, Aug 19 (Reuters) - Australia's Westpac Banking Corp on Monday said the number of people missing mortgage payments was rising and its capital levels were under pressure, sparking concerns among some analysts about its ability to meet dividend expectations. "It does reinforce our view that the (second half dividend) will likely be cut to support Westpac's efforts to meet APRA’s 10.5% 'unquestionably strong' minimum" by Jan. 1, Goldman Sachs analysts said in a note to clients.

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