Torch Wealth Management LLC trimmed its stake in shares of Weyerhaeuser Co (NYSE:WY) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,440 shares of the real estate investment trust’s stock after selling 4,540 shares during the quarter. Weyerhaeuser makes up 1.8% of Torch Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Torch Wealth Management LLC’s holdings in Weyerhaeuser were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Exane Derivatives grew its stake in Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 2,845 shares during the period. Chicago Partners Investment Group LLC grew its stake in Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,453 shares during the period. Cornerstone Advisors Inc. grew its stake in Weyerhaeuser by 324.7% in the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 3,490 shares during the period. Boston Private Wealth LLC acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $206,000. Finally, Sky Investment Group LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $207,000. Institutional investors own 74.69% of the company’s stock.
A number of brokerages have commented on WY. Stephens began coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Argus raised their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday. One investment 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. Weyerhaeuser has an average rating of “Hold” and a consensus target price of $37.44.
In other news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction on 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 $3,574,904.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.
Shares of Weyerhaeuser Co (WY) traded up $0.70 on Wednesday, hitting $34.91. The company’s stock had a trading volume of 3,383,050 shares, compared to its average volume of 4,693,097. The company has a market capitalization of $25,949.46, a price-to-earnings ratio of 44.99, a PEG ratio of 5.13 and a beta of 1.42. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47. Weyerhaeuser Co has a 52-week low of $30.95 and a 52-week high of $37.89.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. equities analysts forecast that Weyerhaeuser Co will post 1.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 166.24%.
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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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