Whittier Trust Co. lessened its holdings in Weyerhaeuser Co (NYSE:WY) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,400 shares of the real estate investment trust’s stock after selling 1,630 shares during the period. Whittier Trust Co.’s holdings in Weyerhaeuser were worth $1,433,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. 1ST Source Bank lifted its stake in shares of Weyerhaeuser by 1.5% during the first quarter. 1ST Source Bank now owns 26,826 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 387 shares during the period. Rikoon Group LLC lifted its stake in shares of Weyerhaeuser by 2.8% during the first quarter. Rikoon Group LLC now owns 14,895 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 403 shares during the period. Wetherby Asset Management Inc. lifted its stake in shares of Weyerhaeuser by 3.2% during the first quarter. Wetherby Asset Management Inc. now owns 13,059 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 403 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Weyerhaeuser by 0.9% during the first quarter. Crossmark Global Holdings Inc. now owns 47,611 shares of the real estate investment trust’s stock valued at $1,254,000 after buying an additional 410 shares during the period. Finally, First Hawaiian Bank lifted its stake in shares of Weyerhaeuser by 9.0% during the first quarter. First Hawaiian Bank now owns 5,001 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 413 shares during the period. 76.47% of the stock is currently owned by institutional investors.
In other news, insider Devin W. Stockfish acquired 5,195 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $23.03 per share, with a total value of $119,640.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.
Shares of WY traded up $0.07 on Friday, hitting $25.10. 4,680,911 shares of the stock traded hands, compared to its average volume of 3,400,314. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 8.15 and a beta of 1.71. The firm has a 50 day moving average price of $25.87. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $35.79.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The company’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, sell-side analysts expect that Weyerhaeuser Co will post 0.61 earnings per share for the current fiscal year.
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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