P.A.W. Capital Corp raised its position in shares of Weyerhaeuser Co (NYSE:WY) by 25.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the real estate investment trust’s stock after purchasing an additional 5,000 shares during the period. P.A.W. Capital Corp’s holdings in Weyerhaeuser were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at $32,000. Westside Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 160.0% in the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares during the period. CNB Bank increased its holdings in shares of Weyerhaeuser by 784.0% in the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,176 shares during the period. Mackey Komara & Dankovich LLC purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $31,000. Finally, Rehmann Capital Advisory Group increased its holdings in shares of Weyerhaeuser by 37.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 442 shares during the period. 77.84% of the stock is owned by institutional investors and hedge funds.
Shares of WY stock opened at $26.82 on Wednesday. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $38.39. The company has a current ratio of 0.83, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60. The firm has a market cap of $20.00 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 6.57 and a beta of 1.66.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Co will post 0.82 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.36 annualized dividend and a yield of 5.07%. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.
A number of research analysts have recently issued reports on WY shares. Bank of America downgraded Weyerhaeuser to a “hold” rating and set a $35.00 price target on the stock. in a report on Thursday, December 20th. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. Raymond James set a $29.00 price target on Weyerhaeuser and gave the company a “buy” rating in a report on Tuesday, January 8th. Seaport Global Securities initiated coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They set a “buy” rating and a $30.00 target price on the stock. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Weyerhaeuser presently has an average rating of “Buy” and an average price target of $33.10.
In related news, insider Russell S. Hagen sold 8,000 shares of the business’s stock in a transaction on Friday, February 1st. The stock was 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 SEC, which can be accessed through the SEC website. 0.35% of the stock is owned by insiders.
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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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