Robertson Opportunity Capital LLC lessened its stake in Weyerhaeuser Co (NYSE:WY) by 49.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,780 shares of the real estate investment trust’s stock after selling 30,700 shares during the quarter. Weyerhaeuser accounts for 0.7% of Robertson Opportunity Capital LLC’s investment portfolio, making the stock its 26th largest position. Robertson Opportunity Capital LLC’s holdings in Weyerhaeuser were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Weyerhaeuser by 17.9% in the 1st quarter. JPMorgan Chase & Co. now owns 11,102,891 shares of the real estate investment trust’s stock valued at $388,604,000 after acquiring an additional 1,683,653 shares during the last quarter. American Century Companies Inc. grew its stake in Weyerhaeuser by 9.2% in the 1st quarter. American Century Companies Inc. now owns 17,546,466 shares of the real estate investment trust’s stock valued at $614,126,000 after acquiring an additional 1,482,573 shares during the last quarter. Capital Growth Management LP acquired a new stake in Weyerhaeuser in the 1st quarter valued at about $45,500,000. Ceredex Value Advisors LLC acquired a new stake in Weyerhaeuser in the 1st quarter valued at about $38,164,000. Finally, Barings LLC grew its stake in Weyerhaeuser by 179.5% in the 4th quarter. Barings LLC now owns 1,289,013 shares of the real estate investment trust’s stock valued at $45,451,000 after acquiring an additional 827,804 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
A number of equities research analysts recently commented on WY shares. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, April 17th. Citigroup increased their price objective on shares of Weyerhaeuser from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 30th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.00.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts expect that Weyerhaeuser Co will post 1.5 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Shareholders of record on Friday, June 8th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, June 7th. This represents a $1.28 annualized dividend and a dividend yield of 3.43%. Weyerhaeuser’s dividend payout ratio is currently 111.30%.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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