Eaton Vance Management lowered its position in Weyerhaeuser Co. (NYSE:WY) by 14.1% during the second quarter, Holdings Channel reports. The firm owned 40,980 shares of the real estate investment trust’s stock after selling 6,751 shares during the period. Eaton Vance Management’s holdings in Weyerhaeuser were worth $1,220,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in WY. Alexandria Capital LLC increased its stake in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,919 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the period. New England Private Wealth Advisors LLC increased its stake in Weyerhaeuser by 0.5% in the second quarter. New England Private Wealth Advisors LLC now owns 10,495 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 50 shares during the period. Advisors Asset Management Inc. increased its stake in Weyerhaeuser by 0.3% in the second quarter. Advisors Asset Management Inc. now owns 17,091 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 54 shares during the period. Rathbone Brothers plc increased its stake in Weyerhaeuser by 0.3% in the second quarter. Rathbone Brothers plc now owns 22,835 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 65 shares during the period. Finally, First Financial Bank N.A. Trust Division increased its stake in Weyerhaeuser by 1.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 6,990 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 100 shares during the period. 75.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Weyerhaeuser Co. (NYSE:WY) traded down 1.49% on Monday, reaching $31.70. The company had a trading volume of 922,786 shares. Weyerhaeuser Co. has a 52 week low of $22.06 and a 52 week high of $33.17. The company’s 50-day moving average price is $31.41 and its 200 day moving average price is $30.98. The firm has a market capitalization of $23.73 billion, a P/E ratio of 40.85 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The firm earned $1.41 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts expect that Weyerhaeuser Co. will post $1.03 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Wednesday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 158.98%.
A number of equities research analysts recently commented on the company. Argus reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Sunday, June 12th. Citigroup Inc. lifted their target price on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Zacks Investment Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Goldman Sachs Group Inc. assumed coverage on Weyerhaeuser in a report on Thursday. They set a “buy” rating and a $37.00 target price for the company. Finally, DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, June 29th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.38.
In other news, Director Rick R. Holley sold 608,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $32.55, for a total value of $19,790,400.00. Following the sale, the director now directly owns 696,488 shares of the company’s stock, valued at approximately $22,670,684.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeanne M. Hillman sold 59,686 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $32.58, for a total transaction of $1,944,569.88. Following the completion of the sale, the vice president now directly owns 70,651 shares in the company, valued at $2,301,809.58. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co. (NYSE:WY).
Receive News & Ratings for Weyerhaeuser Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser Co. and related companies with MarketBeat.com's FREE daily email newsletter.