Trust Co. of Vermont lifted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 78,401 shares of the real estate investment trust’s stock after purchasing an additional 3,231 shares during the period. Trust Co. of Vermont’s holdings in Weyerhaeuser were worth $2,668,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. lifted its stake in shares of Weyerhaeuser by 1.0% during the first quarter. Prudential Financial Inc. now owns 1,046,940 shares of the real estate investment trust’s stock valued at $35,574,000 after acquiring an additional 9,970 shares during the period. Stifel Financial Corp lifted its stake in Weyerhaeuser by 36.0% in the first quarter. Stifel Financial Corp now owns 639,735 shares of the real estate investment trust’s stock valued at $21,689,000 after buying an additional 169,254 shares during the period. Waterfront Capital Partners LLC acquired a new position in Weyerhaeuser in the first quarter valued at about $10,297,000. Clinton Group Inc. acquired a new position in Weyerhaeuser in the first quarter valued at about $813,000. Finally, Hunter Associates Investment Management LLC lifted its stake in Weyerhaeuser by 59.9% in the first quarter. Hunter Associates Investment Management LLC now owns 150,170 shares of the real estate investment trust’s stock valued at $5,103,000 after buying an additional 56,270 shares during the period. Institutional investors own 75.16% of the company’s stock.
WY has been the topic of several analyst reports. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday. 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. Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a report on Monday, July 31st. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. One investment 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. Weyerhaeuser presently has an average rating of “Hold” and an average target price of $37.20.
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Weyerhaeuser Company (NYSE:WY) opened at $36.14 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. 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 Company has a one year low of $28.62 and a one year high of $36.48.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. equities research analysts predict that Weyerhaeuser Company will post 1.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.77%.
In other news, 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 value of $7,968,302.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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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