Weyerhaeuser Co (NYSE:WY) Shares Sold by Gamble Jones Investment Counsel

Gamble Jones Investment Counsel cut its stake in shares of Weyerhaeuser Co (NYSE:WY) by 13.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,494 shares of the real estate investment trust’s stock after selling 5,800 shares during the period. Gamble Jones Investment Counsel’s holdings in Weyerhaeuser were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its position in Weyerhaeuser by 197.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 789 shares in the last quarter. Strategic Wealth Partners Ltd. increased its holdings in Weyerhaeuser by 24.7% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 460 shares during the last quarter. Baker Ellis Asset Management LLC increased its holdings in Weyerhaeuser by 25.4% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 65,780 shares of the real estate investment trust’s stock worth $1,733,000 after purchasing an additional 13,309 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Weyerhaeuser by 748.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,164,540 shares of the real estate investment trust’s stock worth $30,674,000 after purchasing an additional 1,027,340 shares during the last quarter. Finally, Artemis Investment Management LLP increased its holdings in Weyerhaeuser by 1.1% during the 2nd quarter. Artemis Investment Management LLP now owns 646,616 shares of the real estate investment trust’s stock worth $16,978,000 after purchasing an additional 7,337 shares during the last quarter. 77.00% of the stock is currently owned by hedge funds and other institutional investors.

WY stock traded up $0.28 during midday trading on Friday, hitting $29.63. 2,275,022 shares of the company’s stock were exchanged, compared to its average volume of 4,317,481. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $30.28. The company has a current ratio of 1.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 25.11 and a beta of 1.66. The firm has a 50 day moving average price of $28.20 and a 200-day moving average price of $26.16.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm posted $0.28 earnings per share. Weyerhaeuser’s revenue was down 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Weyerhaeuser Co will post 0.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.59%. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.

WY has been the topic of several analyst reports. ValuEngine upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Bank of America set a $31.00 price objective on Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. BMO Capital Markets set a $32.00 price objective on Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, September 17th. Scotiabank set a $28.50 price objective on Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Buy” and an average price target of $30.93.

Weyerhaeuser 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.

Featured Story: How is a buy-side analyst different from a sell-side analyst?

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.