Wedbush Securities Inc. trimmed its stake in Weyerhaeuser Co (NYSE:WY) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,679 shares of the real estate investment trust’s stock after selling 3,569 shares during the quarter. Wedbush Securities Inc.’s holdings in Weyerhaeuser were worth $1,280,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in WY. BlackRock Inc. lifted its holdings in shares of Weyerhaeuser by 1.4% during the third quarter. BlackRock Inc. now owns 52,453,697 shares of the real estate investment trust’s stock valued at $1,692,681,000 after purchasing an additional 700,694 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Weyerhaeuser by 1.9% during the second quarter. Northern Trust Corp now owns 11,178,600 shares of the real estate investment trust’s stock valued at $407,571,000 after purchasing an additional 207,103 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Weyerhaeuser by 1.2% during the second quarter. Bank of America Corp DE now owns 7,983,841 shares of the real estate investment trust’s stock valued at $291,091,000 after purchasing an additional 97,337 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Weyerhaeuser by 10.3% during the second quarter. Morgan Stanley now owns 7,555,419 shares of the real estate investment trust’s stock valued at $275,472,000 after purchasing an additional 706,848 shares in the last quarter. Finally, Newport Trust Co lifted its holdings in shares of Weyerhaeuser by 0.4% during the third quarter. Newport Trust Co now owns 5,111,015 shares of the real estate investment trust’s stock valued at $164,932,000 after purchasing an additional 22,882 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.
WY has been the topic of a number of research analyst reports. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, September 27th. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Scotiabank reaffirmed a “hold” rating and set a $32.00 price target on shares of Weyerhaeuser in a report on Tuesday, November 13th. Argus lowered their price target on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Finally, BMO Capital Markets lowered their price target on Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating on the stock in a report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $34.57.
Weyerhaeuser stock opened at $24.85 on Thursday. The firm has a market cap of $18.82 billion, a P/E ratio of 21.61, a PEG ratio of 4.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. Weyerhaeuser Co has a one year low of $25.10 and a one year high of $38.39.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. As a group, research analysts anticipate that Weyerhaeuser Co will post 1.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 118.26%.
In other news, insider Devin W. Stockfish acquired 27,890 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of $26.93 per share, for a total transaction of $751,077.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.
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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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