New England Research & Management Inc. decreased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 16,275 shares of the real estate investment trust’s stock after selling 1,050 shares during the period. New England Research & Management Inc.’s holdings in Weyerhaeuser were worth $356,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Partners Ltd. raised its stake in Weyerhaeuser by 60.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 1,860 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 700 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in Weyerhaeuser by 162.1% during the third quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,036 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Weyerhaeuser during the third quarter valued at $113,000. Westbourne Investment Advisors Inc. purchased a new stake in Weyerhaeuser during the third quarter valued at $129,000. Finally, Signaturefd LLC raised its stake in Weyerhaeuser by 82.3% during the second quarter. Signaturefd LLC now owns 4,806 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 2,170 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the stock. Raymond James set a $29.00 target price on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday. Bank of America downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 2nd. ValuEngine downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Argus reduced their target price on shares of Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Finally, Zacks Investment Research reissued a “strong sell” rating on shares of Weyerhaeuser in a research note on Saturday, November 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.75.
In related news, insider Devin W. Stockfish purchased 27,890 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $26.93 per share, with a total value of $751,077.70. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.
Shares of WY opened at $24.21 on Friday. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $38.39. The firm has a market capitalization of $17.76 billion, a PE ratio of 21.05, a PEG ratio of 4.42 and a beta of 1.53. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser Co will post 1.23 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, November 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.62%. The ex-dividend date was Thursday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 118.26%.
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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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