Private Advisor Group LLC decreased its position in Weyerhaeuser Co (NYSE:WY) by 32.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,430 shares of the real estate investment trust’s stock after selling 10,813 shares during the quarter. Private Advisor Group LLC’s holdings in Weyerhaeuser were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Exane Derivatives increased its position in shares of Weyerhaeuser by 94,833.3% during the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,845 shares during the last quarter. Barrett Asset Management LLC increased its position in shares of Weyerhaeuser by 102.2% during the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,584 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,453 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Weyerhaeuser by 324.7% during the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 3,490 shares during the last quarter. Finally, Boston Private Wealth LLC bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at approximately $206,000. 74.53% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Rhonda D. Hunter sold 23,343 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the company. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Argus boosted their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Saturday, January 6th. Finally, Stephens assumed coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.44.
Weyerhaeuser Co (WY) opened at $34.94 on Wednesday. Weyerhaeuser Co has a 1-year low of $30.95 and a 1-year high of $37.89. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $26,370.00, a price-to-earnings ratio of 41.60, a P/E/G ratio of 5.25 and a beta of 1.42.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. Weyerhaeuser’s revenue was up 14.2% compared to the same quarter last year. equities analysts expect that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
The firm 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s payout ratio is currently 152.38%.
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Weyerhaeuser Company Profile
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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