Weyerhaeuser Co. (WY) Stake Boosted by Marshwinds Advisory Co.
Marshwinds Advisory Co. boosted its position in Weyerhaeuser Co. (NYSE:WY) by 0.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,714 shares of the real estate investment trust’s stock after buying an additional 2 shares during the period. Marshwinds Advisory Co.’s holdings in Weyerhaeuser were worth $1,396,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Perkins Coie Trust Co increased its position in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. Alexandria Capital LLC increased its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,919 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Integrated Investment Consultants LLC increased its position in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,280 shares in the last quarter. M&R Capital Management Inc. acquired a new position in Weyerhaeuser during the second quarter valued at $164,000. Finally, Iowa State Bank acquired a new position in Weyerhaeuser during the second quarter valued at $166,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Weyerhaeuser Co. (NYSE:WY) traded down 2.44% during midday trading on Monday, hitting $31.22. 5,652,400 shares of the company’s stock were exchanged. Weyerhaeuser Co. has a one year low of $22.06 and a one year high of $33.17. The stock’s 50-day moving average price is $30.53 and its 200 day moving average price is $30.93. The firm has a market cap of $23.35 billion, a PE ratio of 40.55 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. Weyerhaeuser’s revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. Equities research analysts forecast that Weyerhaeuser Co. will post $1.03 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, October 28th were paid a $0.31 dividend. The ex-dividend date was Wednesday, October 26th. This represents a $1.24 dividend on an annualized basis and a yield of 3.88%. Weyerhaeuser’s dividend payout ratio is currently 169.86%.
Several research firms have recently weighed in on WY. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Thursday, November 10th. Argus reissued a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a research note on Tuesday, September 20th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. DA Davidson downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, August 8th. Finally, Citigroup Inc. raised their price target on shares of Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.50.
In related news, SVP Denise M. Merle sold 15,049 shares of Weyerhaeuser stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.30% of the stock is owned by corporate insiders.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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