Cannell Peter B & Co. Inc. cut its stake in Weyerhaeuser Company (NYSE:WY) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,060 shares of the real estate investment trust’s stock after selling 51,100 shares during the period. Cannell Peter B & Co. Inc.’s holdings in Weyerhaeuser were worth $3,065,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Weyerhaeuser by 8.6% during 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 buying an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. boosted its holdings in Weyerhaeuser by 153.0% during the second quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after buying an additional 92,021 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Weyerhaeuser by 4.3% during the third quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 3,231 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Weyerhaeuser by 7.1% during the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after buying an additional 27,029 shares in the last quarter. Finally, Van Cleef Asset Management Inc boosted its holdings in Weyerhaeuser by 1.1% during 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 buying an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
A number of brokerages recently weighed in on WY. 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. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. TheStreet lowered shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Stephens began coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.20.
Weyerhaeuser Company (NYSE WY) traded up $0.38 during trading on Thursday, reaching $35.62. 1,787,570 shares of the company were exchanged, compared to its average volume of 3,317,698. Weyerhaeuser Company has a 1 year low of $29.81 and a 1 year high of $36.92. 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 firm has a market cap of $26,562.44, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 5.99 and a beta of 1.45.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. equities analysts expect that Weyerhaeuser Company will post 1.17 earnings per share for the current year.
The business also recently announced 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 an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.59%. Weyerhaeuser’s dividend payout ratio is presently 112.28%.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction that occurred on 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 owns 98,973 shares in the company, valued at approximately $3,574,904.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rick R. Holley sold 227,341 shares of the 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. In the last quarter, insiders sold 296,623 shares of company stock valued at $10,452,392. Insiders own 1.20% of the company’s stock.
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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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