Blair William & Co. IL increased its position in Weyerhaeuser Co (NYSE:WY) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 210,644 shares of the real estate investment trust’s stock after acquiring an additional 5,091 shares during the quarter. Blair William & Co. IL’s holdings in Weyerhaeuser were worth $6,797,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Citizens Financial Group Inc RI grew its holdings in Weyerhaeuser by 162.1% during the 3rd quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 2,036 shares in the last quarter. Truvestments Capital LLC purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $113,000. Westbourne Investment Advisors Inc. purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $129,000. Quad Cities Investment Group LLC purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $136,000. Finally, Pinebridge Investments L.P. purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $171,000. 76.48% of the stock is owned by institutional investors.
Several research analysts have recently commented on the company. Argus cut their price objective on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Raymond James cut their price objective on Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating for the company in a report on Monday, October 29th. DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $37.50 to $35.00 in a report on Monday, October 29th. Citigroup cut their price objective on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Finally, Vertical Research raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $34.57.
NYSE:WY opened at $26.41 on Friday. The company has a market capitalization of $20.03 billion, a P/E ratio of 22.97, a PEG ratio of 4.36 and a beta of 1.48. Weyerhaeuser Co has a 1-year low of $25.75 and a 1-year high of $38.39. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities analysts forecast that Weyerhaeuser Co will post 1.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a $0.34 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.36 dividend on an annualized basis and a yield of 5.15%. Weyerhaeuser’s payout ratio is 118.26%.
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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