Weyerhaeuser Co (WY) Holdings Increased by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. raised its holdings in Weyerhaeuser Co (NYSE:WY) by 60.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,860 shares of the real estate investment trust’s stock after acquiring an additional 700 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Weyerhaeuser were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock valued at $3,108,681,000 after buying an additional 5,195,461 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Weyerhaeuser during the 2nd quarter valued at about $82,829,000. Capital World Investors raised its holdings in shares of Weyerhaeuser by 15.1% during the 3rd quarter. Capital World Investors now owns 14,258,395 shares of the real estate investment trust’s stock valued at $460,118,000 after buying an additional 1,872,823 shares in the last quarter. Capital International Investors purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $55,264,000. Finally, BlackRock Inc. raised its holdings in shares of Weyerhaeuser by 2.4% during the 2nd quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock valued at $1,886,914,000 after buying an additional 1,220,115 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

WY opened at $25.27 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35. Weyerhaeuser Co has a 1 year low of $24.72 and a 1 year high of $38.39. The company has a market cap of $20.03 billion, a P/E ratio of 21.97, a P/E/G ratio of 4.36 and a beta of 1.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Weyerhaeuser’s revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that Weyerhaeuser Co will post 1.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.36 annualized dividend and a yield of 5.38%. Weyerhaeuser’s payout ratio is 118.26%.

In related news, insider Devin W. Stockfish purchased 27,890 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $26.93 per share, for a total transaction of $751,077.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on the company. Vertical Research raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Raymond James decreased their price objective on Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Citigroup decreased their price objective on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Argus reduced their price target on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.57.

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Weyerhaeuser Profile

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.

Read More: Preferred Stock

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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