Whitener Capital Management Inc. lifted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 96.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,515 shares of the real estate investment trust’s stock after acquiring an additional 3,200 shares during the quarter. Whitener Capital Management Inc.’s holdings in Weyerhaeuser were worth $171,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in Weyerhaeuser by 1.9% in 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. American Century Companies Inc. boosted its stake in Weyerhaeuser by 9.2% in 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. Geode Capital Management LLC boosted its stake in Weyerhaeuser by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock valued at $246,032,000 after acquiring an additional 711,947 shares during the period. Principal Financial Group Inc. boosted its stake in Weyerhaeuser by 2.9% in the first quarter. Principal Financial Group Inc. now owns 4,323,154 shares of the real estate investment trust’s stock valued at $113,872,000 after acquiring an additional 120,290 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in Weyerhaeuser by 26.5% in 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 and hedge funds.
WY stock traded up $0.38 during midday trading on Friday, reaching $25.16. The company had a trading volume of 2,966,800 shares, 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 moving average price of $25.56 and a 200 day moving average price of $25.52. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $35.79. The firm has a market capitalization 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 (NYSE:WY) last issued its 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. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. Weyerhaeuser’s quarterly revenue was down 20.4% compared to the same quarter last year. Research analysts predict that Weyerhaeuser Co will post 0.57 EPS for the current year.
In related news, insider Devin W. Stockfish bought 5,195 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $23.03 per share, for a total transaction of $119,640.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.
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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