Macquarie Group Ltd. lowered its position in Weyerhaeuser Co (NYSE:WY) by 50.7% during the 4th quarter, HoldingsChannel reports. The fund owned 10,000 shares of the real estate investment trust’s stock after selling 10,300 shares during the period. Macquarie Group Ltd.’s holdings in Weyerhaeuser were worth $219,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. HC Financial Advisors Inc. increased its holdings in Weyerhaeuser by 32.1% during the 3rd quarter. HC Financial Advisors Inc. now owns 11,222 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 2,725 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Weyerhaeuser by 3.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 371,906 shares of the real estate investment trust’s stock valued at $12,004,000 after acquiring an additional 13,485 shares in the last quarter. Jane Street Group LLC increased its holdings in Weyerhaeuser by 180.3% during the 3rd quarter. Jane Street Group LLC now owns 40,953 shares of the real estate investment trust’s stock valued at $1,322,000 after acquiring an additional 26,343 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Weyerhaeuser by 14.1% during the 3rd quarter. Pacer Advisors Inc. now owns 43,066 shares of the real estate investment trust’s stock valued at $1,390,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $809,000. Institutional investors and hedge funds own 77.84% of the company’s stock.
In other news, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.32, for a total transaction of $210,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.
WY has been the subject of several recent research reports. Seaport Global Securities initiated coverage on shares of Weyerhaeuser in a report on Wednesday, January 23rd. They set a “buy” rating and a $30.00 target price for the company. Raymond James set a $29.00 target price on shares of Weyerhaeuser and gave the company a “buy” rating in a report on Tuesday, January 8th. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Bank of America downgraded shares of Weyerhaeuser to a “hold” rating and set a $35.00 price target for the company. in a report on Thursday, December 20th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, March 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $33.10.
Shares of NYSE WY opened at $26.82 on Wednesday. The stock has a market cap of $20.27 billion, a PE ratio of 22.73, a PEG ratio of 6.59 and a beta of 1.66. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $38.39. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. On average, research analysts predict that Weyerhaeuser Co will post 0.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.07%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
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Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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