Windward Capital Management Co. CA lifted its stake in shares of Weyerhaeuser Co (NYSE:WY) by 89.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,914 shares of the real estate investment trust’s stock after purchasing an additional 23,570 shares during the quarter. Windward Capital Management Co. CA’s holdings in Weyerhaeuser were worth $1,760,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its holdings in shares of Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,453 shares in the last quarter. Boston Private Wealth LLC acquired a new position in shares of Weyerhaeuser during the third quarter worth $206,000. NBT Bank N A NY acquired a new position in shares of Weyerhaeuser during the third quarter worth $208,000. OLD National Bancorp IN acquired a new position in shares of Weyerhaeuser during the third quarter worth $209,000. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Weyerhaeuser during the third quarter worth $221,000. Institutional investors own 74.77% of the company’s stock.
Shares of Weyerhaeuser Co (NYSE:WY) opened at $34.83 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a 1-year low of $29.88 and a 1-year high of $36.92. The firm has a market capitalization of $26,290.00, a price-to-earnings ratio of 71.08, a P/E/G ratio of 5.34 and a beta of 1.45.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.32 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 261.22%.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the sale, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 296,623 shares of company stock valued at $10,452,392. Company insiders own 1.20% of the company’s stock.
Several brokerages have recently issued reports on WY. Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Saturday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.56.
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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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