State of New Jersey Common Pension Fund D reduced its position in Weyerhaeuser Company (NYSE:WY) by 10.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,875,000 shares of the real estate investment trust’s stock after selling 225,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.25% of Weyerhaeuser worth $63,806,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Weyerhaeuser by 3,527.2% in the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after purchasing an additional 53,166,351 shares in the last quarter. Vanguard Group Inc. increased its stake in Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after purchasing an additional 1,535,736 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 3.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock valued at $1,231,500,000 after purchasing an additional 1,181,780 shares in the last quarter. State Street Corp increased its stake in Weyerhaeuser by 0.8% in the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock valued at $1,064,520,000 after purchasing an additional 245,129 shares in the last quarter. Finally, Capital World Investors increased its stake in Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after purchasing an additional 7,096,454 shares in the last quarter. 75.16% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a research report on Monday, September 4th. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a research report on Monday, August 14th. Finally, BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One 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. The company currently has an average rating of “Hold” and a consensus target price of $37.20.
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In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the firm’s 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 through the SEC website. Company insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (NYSE WY) opened at $36.14 on Friday. Weyerhaeuser Company has a fifty-two week low of $28.62 and a fifty-two week high of $36.48. The firm has a market capitalization of $27,377.66, a price-to-earnings ratio of 37.01, a P/E/G ratio of 6.19 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.30 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. equities analysts forecast 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. Shareholders of record on Friday, December 1st will be given a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.54%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.77%.
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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