California Public Employees Retirement System raised its position in Weyerhaeuser Co (NYSE:WY) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,933,487 shares of the real estate investment trust’s stock after buying an additional 66,060 shares during the period. California Public Employees Retirement System owned 0.26% of Weyerhaeuser worth $68,175,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 2.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after purchasing an additional 951,807 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Weyerhaeuser by 5.8% during the 3rd quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after purchasing an additional 934,684 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Weyerhaeuser by 4.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 10,063,324 shares of the real estate investment trust’s stock worth $342,455,000 after purchasing an additional 434,964 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Weyerhaeuser by 9.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock worth $322,797,000 after purchasing an additional 813,226 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Weyerhaeuser by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,247,881 shares of the real estate investment trust’s stock worth $280,676,000 after purchasing an additional 529,966 shares during the last quarter. Institutional investors own 74.69% of the company’s stock.
Weyerhaeuser Co (NYSE WY) opened at $34.36 on Tuesday. The company has a market cap of $25,940.00, a P/E ratio of 44.62, a P/E/G ratio of 5.04 and a beta of 1.42. Weyerhaeuser Co has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. analysts predict that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s payout ratio is 166.23%.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.
WY has been the subject of several research analyst reports. Argus raised their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stephens initiated 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. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Saturday, January 13th. Finally, Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $37.44.
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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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