Merit Financial Group LLC purchased a new position in Weyerhaeuser Co (NYSE:WY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,780 shares of the real estate investment trust’s stock, valued at approximately $344,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Weyerhaeuser by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock valued at $10,906,000 after purchasing an additional 14,267 shares during the period. First Trust Advisors LP boosted its holdings in Weyerhaeuser by 2.2% during the third quarter. First Trust Advisors LP now owns 142,698 shares of the real estate investment trust’s stock worth $4,856,000 after purchasing an additional 3,139 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Weyerhaeuser by 1.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 294,385 shares of the real estate investment trust’s stock worth $10,018,000 after purchasing an additional 5,216 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Weyerhaeuser during the third quarter worth $1,890,000. Finally, Andra AP fonden raised its position in Weyerhaeuser by 78.8% during the third quarter. Andra AP fonden now owns 106,200 shares of the real estate investment trust’s stock worth $3,614,000 after acquiring an additional 46,800 shares in the last quarter. Institutional investors own 76.79% of the company’s stock.
Shares of Weyerhaeuser Co (NYSE WY) traded down $0.31 during trading on Wednesday, reaching $35.24. The company had a trading volume of 2,790,000 shares, compared to its average volume of 4,830,000. Weyerhaeuser Co has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The company has a market cap of $26,640.00, a PE ratio of 41.95, a P/E/G ratio of 5.24 and a beta of 1.43. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. research analysts predict that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.63%. The ex-dividend date is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is currently 152.38%.
Several equities analysts have recently weighed in on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Saturday, January 6th. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $37.44.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by corporate insiders.
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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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