Weyerhaeuser Company (WY) Stake Lessened by Capital Innovations LLC

Capital Innovations LLC trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,906 shares of the real estate investment trust’s stock after selling 3,740 shares during the quarter. Weyerhaeuser accounts for approximately 3.6% of Capital Innovations LLC’s holdings, making the stock its 4th biggest holding. Capital Innovations LLC’s holdings in Weyerhaeuser were worth $935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barnett & Company Inc. bought a new position in Weyerhaeuser during the 2nd quarter valued at about $101,000. Dupont Capital Management Corp bought a new position in Weyerhaeuser during the 2nd quarter valued at about $109,000. Alexandria Capital LLC grew its holdings in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 12 shares during the last quarter. Gemmer Asset Management LLC grew its holdings in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 20 shares during the last quarter. Finally, First Command Bank grew its holdings in Weyerhaeuser by 73.1% during the 2nd quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,765 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE WY) traded up 0.747% during trading on Tuesday, reaching $34.375. 944,743 shares of the company’s stock were exchanged. The stock has a market cap of $25.88 billion, a P/E ratio of 27.024 and a beta of 1.39. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50. The company has a 50 day moving average of $33.04 and a 200 day moving average of $33.31.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion for 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 business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Equities research analysts anticipate that Weyerhaeuser Company will post $1.06 EPS for the current year.

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

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Several brokerages recently commented on WY. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Monday, August 14th. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a report on Monday, September 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.25.

About Weyerhaeuser

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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