Toronto Dominion Bank reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 42.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 619,912 shares of the real estate investment trust’s stock after selling 457,086 shares during the period. Toronto Dominion Bank owned 0.08% of Weyerhaeuser worth $16,324,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Weyerhaeuser by 1.9% during the 1st quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock valued at $1,394,812,000 after acquiring an additional 1,006,414 shares in the last quarter. American Century Companies Inc. boosted its holdings in Weyerhaeuser by 9.2% in the first quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock worth $486,350,000 after purchasing an additional 1,559,897 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Weyerhaeuser by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock worth $246,032,000 after purchasing an additional 711,947 shares in the last quarter. Northern Trust Corp boosted its holdings in Weyerhaeuser by 1.0% in the second quarter. Northern Trust Corp now owns 10,871,188 shares of the real estate investment trust’s stock worth $286,347,000 after purchasing an additional 104,432 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Weyerhaeuser by 2.9% in the first quarter. Principal Financial Group Inc. now owns 4,323,154 shares of the real estate investment trust’s stock worth $113,872,000 after purchasing an additional 120,290 shares in the last quarter. Institutional investors and hedge funds own 77.13% of the company’s stock.
WY stock traded down $0.02 during mid-day trading on Friday, reaching $27.85. 101,947 shares of the stock traded hands, compared to its average volume of 3,111,622. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $34.58. The business has a 50-day moving average of $25.61 and a two-hundred day moving average of $25.54. The firm has a market capitalization of $20.37 billion, a PE ratio of 23.64, a P/E/G ratio of 9.55 and a beta of 1.67.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Co will post 0.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, September 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.
Separately, ValuEngine cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.10.
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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