FDO Partners LLC Purchases Shares of 33,231 Weyerhaeuser Company (WY)

FDO Partners LLC purchased a new position in shares of Weyerhaeuser Company (NYSE:WY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,231 shares of the real estate investment trust’s stock, valued at approximately $1,131,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Weyerhaeuser by 8.6% during the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. boosted its stake in Weyerhaeuser by 153.0% during the second quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after buying an additional 92,021 shares during the last quarter. Trust Co. of Vermont boosted its stake in Weyerhaeuser by 4.3% during the third quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 3,231 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Weyerhaeuser by 7.1% during the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after buying an additional 27,029 shares during the last quarter. Finally, Van Cleef Asset Management Inc boosted its stake in Weyerhaeuser by 1.1% during the second quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after buying an additional 2,358 shares during the last quarter. Hedge funds and other institutional investors own 74.82% of the company’s stock.

In other news, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 296,623 shares of company stock worth $10,452,392. Corporate insiders own 1.20% of the company’s stock.

A number of equities analysts have weighed in on WY shares. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. Argus boosted their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Finally, BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.20.

Shares of Weyerhaeuser Company (WY) traded up $0.02 during trading on Friday, hitting $35.40. The stock had a trading volume of 2,805,636 shares, compared to its average volume of 2,511,280. Weyerhaeuser Company has a twelve month low of $29.81 and a twelve month high of $36.92. The firm has a market cap of $26,720.95, a price-to-earnings ratio of 36.12, a PEG ratio of 6.04 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. research analysts expect that Weyerhaeuser Company will post 1.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio is 112.28%.

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Weyerhaeuser 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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