Boston Advisors LLC decreased its stake in Weyerhaeuser Co. (NYSE:WY) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,746 shares of the real estate investment trust’s stock after selling 999 shares during the period. Boston Advisors LLC’s holdings in Weyerhaeuser were worth $1,273,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Manhattan Co. purchased a new position in Weyerhaeuser during the first quarter worth about $289,000. Glenmede Trust Co. NA raised its position in Weyerhaeuser by 591.3% in the first quarter. Glenmede Trust Co. NA now owns 14,448 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 12,358 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its position in Weyerhaeuser by 66.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 146,872 shares of the real estate investment trust’s stock worth $4,550,000 after buying an additional 58,843 shares during the last quarter. Virginia Retirement System purchased a new position in Weyerhaeuser during the first quarter worth about $2,379,000. Finally, IFP Advisors Inc raised its position in Weyerhaeuser by 132.2% in the first quarter. IFP Advisors Inc now owns 16,446 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 9,364 shares during the last quarter. Institutional investors own 75.73% of the company’s stock.
Shares of Weyerhaeuser Co. (NYSE:WY) traded up 0.25% during trading on Friday, reaching $31.94. 3,920,242 shares of the company traded hands. The company has a 50-day moving average of $31.32 and a 200-day moving average of $31.11. The stock has a market capitalization of $23.91 billion, a PE ratio of 41.16 and a beta of 1.44. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $7.54 billion. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. Weyerhaeuser’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that Weyerhaeuser Co. will post $1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.88%. Weyerhaeuser’s payout ratio is 158.98%.
A number of research analysts recently issued reports on WY shares. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, July 19th. Dundee Securities downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. DA Davidson raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, June 29th. They noted that the move was a valuation call. Goldman Sachs Group Inc. started coverage on shares of Weyerhaeuser in a report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 price target for the company. Finally, Citigroup Inc. increased their price target on shares of Weyerhaeuser from $36.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 8th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $35.38.
In related news, VP Rhonda D. Hunter sold 3,318 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $33.00, for a total transaction of $109,494.00. Following the transaction, the vice president now directly owns 61,768 shares in the company, valued at $2,038,344. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeanne M. Hillman sold 4,492 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $32.50, for a total transaction of $145,990.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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