Camden National Bank lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,163 shares of the real estate investment trust’s stock after purchasing an additional 6,121 shares during the period. Weyerhaeuser comprises 2.3% of Camden National Bank’s holdings, making the stock its 23rd biggest holding. Camden National Bank’s holdings in Weyerhaeuser were worth $7,900,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Weyerhaeuser by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 311,332 shares of the real estate investment trust’s stock worth $10,578,000 after buying an additional 8,370 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Weyerhaeuser in the first quarter worth about $1,571,000. First Financial Equity Corporation acquired a new position in shares of Weyerhaeuser in the first quarter worth about $225,000. Bragg Financial Advisors Inc boosted its holdings in shares of Weyerhaeuser by 78.9% in the first quarter. Bragg Financial Advisors Inc now owns 56,065 shares of the real estate investment trust’s stock worth $1,905,000 after buying an additional 24,725 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Weyerhaeuser by 3,007.9% in the first quarter. Point72 Asset Management L.P. now owns 236,200 shares of the real estate investment trust’s stock worth $8,026,000 after buying an additional 228,600 shares during the period. 75.90% of the stock is currently owned by institutional investors.
In related news, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The transaction 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 firm’s stock in a transaction that occurred 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. Company insiders own 1.20% of the company’s stock.
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Weyerhaeuser Company (NYSE WY) traded up $0.08 during mid-day trading on Thursday, hitting $36.19. 1,269,300 shares of the company traded hands, compared to its average volume of 3,348,969. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. The firm has a market capitalization of $27,380.00, a PE ratio of 36.85, a P/E/G ratio of 6.16 and a beta of 1.46. Weyerhaeuser Company has a twelve month low of $29.81 and a twelve month high of $36.92.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The business 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%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. analysts predict that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.32 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 253.06%.
WY has been the subject of several recent analyst reports. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $28.58 to $36.00 in a 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 target price for the company. 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 target price for the company. in a report on Monday, August 14th. Finally, Argus raised their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.20.
Weyerhaeuser Company Profile
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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