First PREMIER Bank Cuts Holdings in Weyerhaeuser Co (WY)

First PREMIER Bank decreased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 27.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,239 shares of the real estate investment trust’s stock after selling 7,785 shares during the quarter. First PREMIER Bank’s holdings in Weyerhaeuser were worth $443,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Strategic Wealth Partners Ltd. lifted its holdings in Weyerhaeuser by 60.3% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,860 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 700 shares during the last quarter. Citizens Financial Group Inc RI lifted 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 purchasing an additional 2,036 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Weyerhaeuser during the 3rd quarter valued at $113,000. Kistler Tiffany Companies LLC lifted its holdings in Weyerhaeuser by 17.0% during the 4th quarter. Kistler Tiffany Companies LLC now owns 5,723 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 832 shares during the last quarter. Finally, Westbourne Investment Advisors Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter valued at $129,000. 75.78% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WY traded down $0.05 during mid-day trading on Monday, reaching $24.16. The company had a trading volume of 153,584 shares, compared to its average volume of 6,293,128. 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 one year low of $20.52 and a one year high of $38.39. The stock has a market capitalization of $17.76 billion, a P/E ratio of 20.96, a PEG ratio of 4.42 and a beta of 1.53.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts forecast that Weyerhaeuser Co will post 1.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, November 30th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend was Thursday, November 29th. Weyerhaeuser’s payout ratio is currently 118.26%.

In related news, insider Devin W. Stockfish purchased 27,890 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $26.93 per share, for a total transaction of $751,077.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is currently owned by company insiders.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Thursday, September 27th. Raymond James set a $29.00 price objective on Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, January 8th. ValuEngine cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Scotiabank reiterated a “hold” rating and set a $32.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, November 13th. Finally, Argus lowered their price objective 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.75.

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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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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