Wafra Investment Advisory Group Inc. NY Raises Holdings in Weyerhaeuser Company (WY)

Wafra Investment Advisory Group Inc. NY boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 7.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 469,710 shares of the real estate investment trust’s stock after acquiring an additional 33,874 shares during the quarter. Weyerhaeuser comprises about 0.8% of Wafra Investment Advisory Group Inc. NY’s portfolio, making the stock its 25th largest position. Wafra Investment Advisory Group Inc. NY owned about 0.06% of Weyerhaeuser worth $15,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rowland & Co. Investment Counsel ADV lifted its holdings in shares of Weyerhaeuser by 9.5% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 158,764 shares of the real estate investment trust’s stock valued at $5,328,000 after buying an additional 13,822 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 7.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 289,169 shares of the real estate investment trust’s stock valued at $9,687,000 after buying an additional 20,595 shares during the period. Laurel Wealth Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 0.7% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 39,387 shares of the real estate investment trust’s stock valued at $1,319,000 after buying an additional 276 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $293,000. Finally, Balentine LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $472,000. 75.24% of the stock is owned by institutional investors.

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WY has been the subject of several analyst reports. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $37.25.

Weyerhaeuser Company (WY) traded up 0.73% during trading on Tuesday, reaching $34.37. The company had a trading volume of 842,460 shares. The firm has a 50-day moving average of $33.04 and a 200-day moving average of $33.31. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The stock has a market capitalization of $25.88 billion, a price-to-earnings ratio of 27.02 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. On average, analysts anticipate that Weyerhaeuser Company will post $1.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.31 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. Weyerhaeuser’s payout ratio is currently 97.64%.

Weyerhaeuser Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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