FinTrust Capital Advisors LLC reduced its stake in Weyerhaeuser Co (NYSE:WY) by 14.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,887 shares of the real estate investment trust’s stock after selling 485 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Weyerhaeuser were worth $76,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings in Weyerhaeuser by 336.8% during the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after acquiring an additional 1,598,165 shares during the period. American Century Companies Inc. raised its holdings in Weyerhaeuser by 9.2% during the first quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock valued at $486,350,000 after acquiring an additional 1,559,897 shares during the period. Janus Henderson Group PLC raised its holdings in Weyerhaeuser by 64.4% during the first quarter. Janus Henderson Group PLC now owns 2,668,663 shares of the real estate investment trust’s stock valued at $70,293,000 after acquiring an additional 1,045,476 shares during the period. BlackRock Inc. raised its holdings in Weyerhaeuser by 1.9% during the first quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock valued at $1,394,812,000 after acquiring an additional 1,006,414 shares during the period. Finally, Pictet Asset Management Ltd. raised its holdings in Weyerhaeuser by 26.5% during the first quarter. Pictet Asset Management Ltd. now owns 4,037,112 shares of the real estate investment trust’s stock valued at $106,338,000 after acquiring an additional 845,398 shares during the period. 76.50% of the stock is currently owned by institutional investors.
In other news, insider Devin W. Stockfish acquired 5,195 shares of the business’s stock in a transaction dated 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.
NYSE:WY traded up $0.38 on Friday, reaching $25.16. 2,966,800 shares of the company’s stock traded hands, compared to its average volume of 3,638,903. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $25.56 and a 200-day simple moving average of $25.52. The firm has a market cap of $18.25 billion, a PE ratio of 21.32, a P/E/G ratio of 7.98 and a beta of 1.71. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $35.79.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. The business’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. On average, equities analysts anticipate that Weyerhaeuser Co will post 0.57 earnings per share for the current year.
Weyerhaeuser Company Profile
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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