Strategic Wealth Partners Ltd. raised its holdings in Weyerhaeuser Co (NYSE:WY) by 60.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,860 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Weyerhaeuser were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Weyerhaeuser by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock valued at $3,108,681,000 after purchasing an additional 5,195,461 shares during the period. Morgan Stanley grew its stake in shares of Weyerhaeuser by 4.2% during the 3rd quarter. Morgan Stanley now owns 7,870,171 shares of the real estate investment trust’s stock worth $253,969,000 after acquiring an additional 314,752 shares during the period. Legal & General Group Plc grew its stake in shares of Weyerhaeuser by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 3,345,668 shares of the real estate investment trust’s stock worth $107,964,000 after acquiring an additional 49,457 shares during the period. Kepos Capital LP bought a new position in shares of Weyerhaeuser during the 3rd quarter worth $3,385,000. Finally, Standard Life Aberdeen plc grew its stake in shares of Weyerhaeuser by 209.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 750,898 shares of the real estate investment trust’s stock worth $24,235,000 after acquiring an additional 507,949 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.
Several research firms have recently weighed in on WY. Vertical Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Raymond James cut their price target on Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Citigroup cut their price target on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Argus cut their price target on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Weyerhaeuser has an average rating of “Hold” and an average price target of $34.57.
WY stock opened at $25.27 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65. The firm has a market cap of $20.03 billion, a PE ratio of 21.97, a PEG ratio of 4.36 and a beta of 1.50. Weyerhaeuser Co has a fifty-two week low of $24.72 and a fifty-two week high of $38.39.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.11). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. On average, equities analysts forecast that Weyerhaeuser Co will post 1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.36 dividend on an annualized basis and a yield of 5.38%. Weyerhaeuser’s dividend payout ratio (DPR) is 118.26%.
In related news, insider Devin W. Stockfish acquired 27,890 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average price of $26.93 per share, with a total value of $751,077.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.
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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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