UMB Bank N A MO boosted its stake in Weyerhaeuser Co. (NYSE:WY) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,439 shares of the real estate investment trust’s stock after buying an additional 43,150 shares during the period. UMB Bank N A MO’s holdings in Weyerhaeuser were worth $6,384,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co raised its position in 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 during the period. AXA bought a new position in Weyerhaeuser during the first quarter worth about $139,000. Park Avenue Institutional Advisers LLC raised its position in 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 during the period. Kelly Lawrence W & Associates Inc. CA bought a new position in Weyerhaeuser during the first quarter worth about $161,000. Finally, Integrated Investment Consultants LLC raised its position in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 2,280 shares during the period. Institutional investors and hedge funds own 75.73% of the company’s stock.
Weyerhaeuser Co. (NYSE:WY) traded up 5.74% during mid-day trading on Thursday, hitting $32.08. The stock had a trading volume of 7,948,288 shares. Weyerhaeuser Co. has a one year low of $22.06 and a one year high of $33.17. The stock has a market cap of $24.02 billion, a P/E ratio of 41.34 and a beta of 1.44. The company has a 50 day moving average price of $31.44 and a 200 day moving average price of $30.94.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same period last year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 23.0% on a year-over-year basis. On average, equities analysts anticipate 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. Investors of record on Friday, September 9th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.87%. Weyerhaeuser’s dividend payout ratio (DPR) is 158.98%.
A number of research analysts recently issued reports on the company. Goldman Sachs Group Inc. assumed coverage on Weyerhaeuser in a report on Thursday. They issued a “buy” rating and a $37.00 target price for the company. Argus reiterated a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a report on Tuesday. Dundee Securities cut Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Citigroup Inc. raised their price target on Weyerhaeuser from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, DA Davidson cut Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, August 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Weyerhaeuser currently has an average rating of “Buy” and a consensus target price of $35.38.
In related news, 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 of the company’s stock, valued at approximately $2,301,809.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Rhonda D. Hunter sold 3,292 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $30.00, for a total transaction of $98,760.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
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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