Smith Moore & CO. purchased a new stake in Weyerhaeuser Co (NYSE:WY) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,868 shares of the real estate investment trust’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BB&T Corp raised its holdings in shares of Weyerhaeuser by 4.9% during the fourth quarter. BB&T Corp now owns 29,332 shares of the real estate investment trust’s stock worth $1,035,000 after purchasing an additional 1,368 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,336 shares of the real estate investment trust’s stock worth $896,000 after purchasing an additional 1,420 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,453 shares during the period. First National Trust Co raised its holdings in shares of Weyerhaeuser by 12.6% during the fourth quarter. First National Trust Co now owns 13,164 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 1,468 shares during the period. Finally, Barrett Asset Management LLC raised its holdings in shares of Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,584 shares during the period. 74.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares in the company, valued at approximately $3,574,904.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Co (WY) opened at $35.08 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14. Weyerhaeuser Co has a twelve month low of $30.95 and a twelve month high of $37.89. The firm has a market cap of $26,550.00, a PE ratio of 41.88, a P/E/G ratio of 5.25 and a beta of 1.42.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. analysts expect that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a $0.32 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.65%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.38%.
WY has been the topic of a number of research reports. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a report on Saturday, January 6th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Argus increased their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Stephens initiated coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $37.44.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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