Benjamin F. Edwards & Company Inc. boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 19.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,962 shares of the real estate investment trust’s stock after purchasing an additional 3,501 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Weyerhaeuser were worth $747,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Weyerhaeuser by 8.6% in the second 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 during the period. Pegasus Partners Ltd. boosted its holdings in Weyerhaeuser by 153.0% in the second 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 during the period. Oppenheimer & Co. Inc. boosted its holdings in Weyerhaeuser by 7.1% in the second 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 during the period. Van Cleef Asset Management Inc boosted its holdings in Weyerhaeuser by 1.1% in the second 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 during the period. Finally, BB&T Securities LLC boosted its holdings in Weyerhaeuser by 6.9% in the second 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 during the period. 75.16% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on WY. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday. Argus lifted their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. Finally, BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $37.20.
Shares of Weyerhaeuser Company (NYSE:WY) traded down $0.13 on Friday, hitting $36.14. 3,026,400 shares of the stock traded hands, compared to its average volume of 3,376,245. Weyerhaeuser Company has a 52 week low of $28.62 and a 52 week high of $36.48. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $27,377.66, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 6.19 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue was up 9.5% on a year-over-year basis. equities analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid 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 dividend on an annualized basis and a dividend yield of 3.54%. Weyerhaeuser’s payout ratio is currently 108.77%.
In related news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.
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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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