Skandinaviska Enskilda Banken AB publ raised its holdings in Weyerhaeuser Company (NYSE:WY) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,580 shares of the real estate investment trust’s stock after acquiring an additional 2,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Weyerhaeuser were worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of WY. Vanguard Group Inc. boosted its position in shares of Weyerhaeuser by 3.2% during the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after buying an additional 1,535,736 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Weyerhaeuser by 2.6% during the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after buying an additional 951,807 shares during the period. Capital World Investors raised its holdings in Weyerhaeuser by 67.0% during the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after acquiring an additional 7,096,454 shares in the last quarter. American Century Companies Inc. raised its holdings in Weyerhaeuser by 5.8% during the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after acquiring an additional 934,684 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Weyerhaeuser by 2.3% during the second quarter. Northern Trust Corp now owns 10,723,639 shares of the real estate investment trust’s stock worth $359,243,000 after acquiring an additional 245,971 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Insiders sold 296,623 shares of company stock worth $10,452,392 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities research analysts forecast that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.28 annualized dividend and a yield of 3.62%. Weyerhaeuser’s dividend payout ratio is currently 112.28%.
Several research firms recently issued reports on WY. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Monday, August 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Monday, September 4th. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $37.20.
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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