Asset Management One Co. Ltd. grew its stake in Weyerhaeuser Company (NYSE:WY) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,197,067 shares of the real estate investment trust’s stock after acquiring an additional 7,084 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Weyerhaeuser worth $40,735,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barnett & Company Inc. purchased a new position in shares of Weyerhaeuser during the 2nd quarter worth $101,000. Dupont Capital Management Corp purchased a new position in shares of Weyerhaeuser during the 2nd quarter worth $109,000. Alexandria Capital LLC grew its holdings in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Weyerhaeuser by 2.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 115 shares during the period. Finally, Kistler Tiffany Companies LLC grew its holdings in shares of Weyerhaeuser by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 19 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.
Shares of Weyerhaeuser Company (WY) traded down $0.19 during trading on Friday, reaching $35.43. The company had a trading volume of 2,270,793 shares, compared to its average volume of 2,499,125. Weyerhaeuser Company has a 12 month low of $29.81 and a 12 month high of $36.92. The stock has a market cap of $26,887.02, a PE ratio of 36.35, a price-to-earnings-growth ratio of 6.07 and a beta of 1.45. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
The company also recently announced 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 represents a $1.28 dividend on an annualized basis and a yield of 3.61%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 112.28%.
A number of equities analysts have recently weighed in on WY shares. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. Argus increased their price target on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. Finally, BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $37.20.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the sale, the insider now directly owns 98,973 shares in the company, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. Insiders have sold a total of 296,623 shares of company stock valued at $10,452,392 over the last 90 days. 1.20% of the stock is currently owned by company insiders.
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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