Private Advisor Group LLC raised its stake in Weyerhaeuser Co (NYSE:WY) by 84.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,278 shares of the real estate investment trust’s stock after buying an additional 18,848 shares during the quarter. Private Advisor Group LLC’s holdings in Weyerhaeuser were worth $1,347,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. BB&T Corp grew its holdings in shares of Weyerhaeuser by 4.9% during the 4th 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. Harbor Advisory Corp MA grew its holdings in shares of Weyerhaeuser by 1.0% during the 1st quarter. Harbor Advisory Corp MA now owns 149,620 shares of the real estate investment trust’s stock worth $5,237,000 after purchasing an additional 1,447 shares during the period. Smith Asset Management Group LP grew its holdings in shares of Weyerhaeuser by 87.9% during the 1st quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,469 shares during the period. Wealthstreet Investment Advisors LLC grew its holdings in shares of Weyerhaeuser by 4.1% during the 1st quarter. Wealthstreet Investment Advisors LLC now owns 37,838 shares of the real estate investment trust’s stock worth $1,325,000 after purchasing an additional 1,500 shares during the period. Finally, Barrett Asset Management LLC grew its holdings 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 worth $111,000 after purchasing an additional 1,584 shares during the period. Institutional investors own 76.08% of the company’s stock.
Shares of Weyerhaeuser stock opened at $37.11 on Wednesday. Weyerhaeuser Co has a 12 month low of $30.95 and a 12 month high of $37.89. The stock has a market cap of $27.87 billion, a P/E ratio of 32.27, a PEG ratio of 5.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.11 and a quick ratio of 1.62.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Weyerhaeuser had a return on equity of 10.88% and a net margin of 9.42%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the business posted $0.22 EPS. Weyerhaeuser’s revenue for the quarter was up 10.2% on a year-over-year basis. equities analysts expect that Weyerhaeuser Co will post 1.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, June 7th. Weyerhaeuser’s dividend payout ratio is currently 111.30%.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. Citigroup raised their target price on Weyerhaeuser from $41.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 30th. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus price target of $38.00.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.35% of the stock is owned by company insiders.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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