Everence Capital Management Inc. decreased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,149 shares of the real estate investment trust’s stock after selling 5,200 shares during the period. Everence Capital Management Inc.’s holdings in Weyerhaeuser were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Trust Co. of Vermont raised its holdings in Weyerhaeuser by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after purchasing an additional 3,231 shares during the last quarter. Eagle Ridge Investment Management raised its stake in shares of Weyerhaeuser by 3.0% during the 4th quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after purchasing an additional 5,439 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Weyerhaeuser by 8.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after purchasing an additional 27,233 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Weyerhaeuser by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after purchasing an additional 7,084 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Weyerhaeuser by 11.8% during the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after purchasing an additional 19,570 shares in the last quarter. Institutional investors own 74.69% of the company’s stock.
Shares of Weyerhaeuser Co (WY) traded up $0.48 during trading on Wednesday, reaching $34.69. The company had a trading volume of 1,735,303 shares, compared to its average volume of 4,646,220. The company has a market capitalization of $25,949.46, a price-to-earnings ratio of 44.86, a P/E/G ratio of 5.13 and a beta of 1.42. 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 Co has a 1-year low of $30.95 and a 1-year high of $37.89.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. research analysts anticipate that Weyerhaeuser Co will post 1.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s payout ratio is 166.24%.
WY has been the topic of a number of analyst reports. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Argus increased their target price on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Saturday, January 6th. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $37.44.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was 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 in the company, valued at approximately $3,574,904.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.
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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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