Prudential Financial Inc. increased its position in Weyerhaeuser Co. (NYSE:WY) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,038,806 shares of the real estate investment trust’s stock after buying an additional 63,851 shares during the period. Prudential Financial Inc. owned approximately 0.14% of Weyerhaeuser worth $30,924,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Perkins Coie Trust Co boosted its stake in shares of Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 100 shares in the last quarter. Alexandria Capital LLC boosted its stake in shares of 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 in the last quarter. AXA acquired a new stake in shares of Weyerhaeuser during the first quarter worth about $139,000. Park Avenue Institutional Advisers LLC boosted its stake in shares of Weyerhaeuser by 50.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 4,966 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 1,660 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Weyerhaeuser during the first quarter worth about $161,000. 75.73% of the stock is currently owned by institutional investors and hedge funds.
Weyerhaeuser Co. (NYSE:WY) traded up 0.10% during midday trading on Wednesday, hitting $29.99. 578,598 shares of the company traded hands. The stock’s 50-day moving average price is $31.50 and its 200 day moving average price is $30.94. The company has a market capitalization of $22.45 billion, a price-to-earnings ratio of 38.65 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 quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $7.54 billion. During the same quarter in the previous year, the business earned $0.26 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser Co. will post $1.03 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.24 annualized dividend and a yield of 4.14%. Weyerhaeuser’s payout ratio is currently 158.98%.
A number of equities research analysts recently issued reports on the stock. Argus reiterated a “buy” rating on shares of Weyerhaeuser in a report on Sunday, June 12th. Citigroup Inc. upped their price objective on shares of Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Zacks Investment Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Dundee Securities cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.00.
In other Weyerhaeuser news, VP Rhonda D. Hunter sold 3,292 shares of Weyerhaeuser stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $30.00, for a total value of $98,760.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeanne M. Hillman sold 59,686 shares of Weyerhaeuser 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 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 company insiders.
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.
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.