First Trust Advisors LP boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 142,698 shares of the real estate investment trust’s stock after purchasing an additional 3,139 shares during the period. First Trust Advisors LP’s holdings in Weyerhaeuser were worth $4,856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. grew its position in Weyerhaeuser by 153.0% during the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after purchasing an additional 92,021 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Weyerhaeuser by 7.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 27,029 shares in the last quarter. Van Cleef Asset Management Inc grew its position in Weyerhaeuser by 1.1% during the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after purchasing an additional 2,358 shares in the last quarter. Finally, BB&T Securities LLC grew its position in Weyerhaeuser by 6.9% during the 2nd quarter. BB&T Securities LLC now owns 251,271 shares of the real estate investment trust’s stock worth $8,418,000 after purchasing an additional 16,114 shares in the last quarter. Hedge funds and other institutional investors own 75.80% of the company’s stock.
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Several equities analysts have weighed in on WY shares. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday, July 31st. JMP Securities cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Monday, August 14th. Finally, Argus boosted their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $37.20.
Shares of Weyerhaeuser Company (NYSE:WY) opened at $36.28 on Friday. The stock has a market cap of $27,590.00, a price-to-earnings ratio of 36.94, a P/E/G ratio of 6.18 and a beta of 1.46. Weyerhaeuser Company has a fifty-two week low of $29.81 and a fifty-two week high of $36.92. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. Weyerhaeuser’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. analysts anticipate that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.32 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.53%. Weyerhaeuser’s dividend payout ratio is currently 253.06%.
In related news, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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