Coldstream Capital Management Inc. lowered its stake in shares of Weyerhaeuser Co (NYSE:WY) by 65.7% during the first quarter, HoldingsChannel reports. The firm owned 7,443 shares of the real estate investment trust’s stock after selling 14,243 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Weyerhaeuser were worth $260,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in WY. Smith Asset Management Group LP raised its stake in shares of Weyerhaeuser by 87.9% during the 1st quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,469 shares in the last quarter. Optimum Investment Advisors bought a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $112,000. Rockefeller Capital Management L.P. bought a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $148,000. Private Ocean LLC increased its holdings in shares of Weyerhaeuser by 389.3% during the 1st quarter. Private Ocean LLC now owns 5,138 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 4,088 shares during the last quarter. Finally, Truewealth LLC acquired a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $185,000. Institutional investors own 76.09% of the company’s stock.
Weyerhaeuser opened at $36.95 on Friday, MarketBeat reports. The company has a current ratio of 2.11, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $28.15 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 4.95 and a beta of 1.38. Weyerhaeuser Co has a 1-year low of $30.95 and a 1-year high of $38.39.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.83 billion. Weyerhaeuser had a return on equity of 10.88% and a net margin of 9.42%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. equities analysts forecast that Weyerhaeuser Co will post 1.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, June 7th. Weyerhaeuser’s dividend payout ratio is 111.30%.
A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 30th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, April 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $38.00.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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