Forte Capital LLC ADV bought a new stake in Weyerhaeuser Co (NYSE:WY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,738 shares of the real estate investment trust’s stock, valued at approximately $308,000.
Several other hedge funds also recently bought and sold shares of WY. Chicago Partners Investment Group LLC grew its stake in shares of Weyerhaeuser by 60.5% in the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,453 shares in the last quarter. Boston Private Wealth LLC acquired a new stake in shares of Weyerhaeuser in the third quarter valued at about $206,000. Sky Investment Group LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $207,000. NBT Bank N A NY acquired a new stake in shares of Weyerhaeuser in the third quarter valued at about $208,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Weyerhaeuser in the third quarter valued at about $209,000. Institutional investors and hedge funds own 74.69% of the company’s stock.
WY has been the subject of a number of analyst reports. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Saturday, January 6th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Argus increased their price target on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Stephens initiated coverage on Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $37.44.
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 stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the transaction, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.
Weyerhaeuser Co (WY) traded up $0.75 during trading hours on Wednesday, reaching $34.96. The company’s stock had a trading volume of 4,822,837 shares, compared to its average volume of 4,760,000. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89. The company has a market cap of $26,390.00, a P/E ratio of 45.40, a PEG ratio of 5.13 and a beta of 1.42.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the business earned $0.14 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is presently 166.23%.
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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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