Laurel Wealth Advisors Inc. grew its holdings in Weyerhaeuser (NYSE:WY) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,662 shares of the real estate investment trust’s stock after buying an additional 13,456 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Weyerhaeuser were worth $1,927,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of WY. Exane Derivatives increased its position 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 buying an additional 2,845 shares in the last quarter. Barrett Asset Management LLC grew its position in shares of Weyerhaeuser by 102.2% in the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,584 shares during the period. Chicago Partners Investment Group LLC grew its position 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 purchasing an additional 1,453 shares during the period. Cornerstone Advisors Inc. grew its position in shares of 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 purchasing an additional 3,490 shares during the period. Finally, Truewealth LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at $185,000. 76.08% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.44.
Shares of Weyerhaeuser stock opened at $35.48 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14. The stock has a market capitalization of $26,644.89, a P/E ratio of 30.85, a PEG ratio of 5.20 and a beta of 1.37. Weyerhaeuser has a fifty-two week low of $30.95 and a fifty-two week high of $37.89.
Weyerhaeuser (NYSE:WY) last posted its earnings results 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 company had revenue of $1.82 billion for 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 firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. equities research analysts anticipate that Weyerhaeuser will post 1.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, March 1st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 111.30%.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate 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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