Westpac Banking Corp boosted its position in shares of Weyerhaeuser Co (NYSE:WY) by 3.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 390,287 shares of the real estate investment trust’s stock after buying an additional 12,320 shares during the period. Westpac Banking Corp’s holdings in Weyerhaeuser were worth $10,280,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Chesley Taft & Associates LLC boosted its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. Chesley Taft & Associates LLC now owns 169,491 shares of the real estate investment trust’s stock valued at $4,464,000 after purchasing an additional 1,390 shares in the last quarter. TrinityPoint Wealth LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $239,000. Timber Creek Capital Management LLC boosted its stake in shares of Weyerhaeuser by 22.2% in the 1st quarter. Timber Creek Capital Management LLC now owns 103,184 shares of the real estate investment trust’s stock valued at $2,717,000 after purchasing an additional 18,735 shares in the last quarter. Pennsylvania Trust Co boosted its stake in shares of Weyerhaeuser by 452.9% in the 1st quarter. Pennsylvania Trust Co now owns 444,775 shares of the real estate investment trust’s stock valued at $36,861,000 after purchasing an additional 364,333 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC boosted its stake in shares of Weyerhaeuser by 8.5% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 34,008 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 2,670 shares in the last quarter. Institutional investors own 76.34% of the company’s stock.
Weyerhaeuser stock traded up $0.68 during mid-day trading on Friday, hitting $25.96. 260,779 shares of the stock were exchanged, compared to its average volume of 6,443,948. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.48. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $37.55. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 8.03 and a beta of 1.67.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.36 EPS. The company’s revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser Co will post 0.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.36 annualized dividend and a yield of 5.24%. Weyerhaeuser’s payout ratio is 115.25%.
In other news, insider Devin W. Stockfish purchased 5,195 shares of the stock in a transaction on Thursday, June 6th. The stock was purchased at an average price of $23.03 per share, for a total transaction of $119,640.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.43% of the stock is currently owned by company insiders.
WY has been the subject of a number of research reports. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a report on Friday, April 5th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, March 11th. Finally, Seaport Global Securities initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 2nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. Weyerhaeuser presently has a consensus rating of “Buy” and a consensus target price of $33.10.
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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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