Davidson Investment Advisors reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,715 shares of the real estate investment trust’s stock after selling 350 shares during the quarter. Davidson Investment Advisors’ holdings in Weyerhaeuser were worth $657,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in WY. Allworth Financial LP raised its position in Weyerhaeuser by 85.7% in the 3rd quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 427 shares during the period. NuWave Investment Management LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth $30,000. Rational Advisors LLC acquired a new stake in shares of Weyerhaeuser in the second quarter valued at $30,000. NEXT Financial Group Inc lifted its holdings in shares of Weyerhaeuser by 197.3% in the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 789 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Weyerhaeuser in the third quarter valued at $33,000. Institutional investors and hedge funds own 76.90% of the company’s stock.
WY has been the topic of a number of recent analyst reports. Bank of America set a $31.00 target price on Weyerhaeuser and gave the stock a “hold” rating in a research report on Friday, October 25th. BMO Capital Markets set a $32.00 price target on Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, September 17th. Scotiabank set a $28.50 price target on Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. ValuEngine raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $30.93.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Co will post 0.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.61%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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