Fernwood Investment Management LLC Has $1,952,000 Stake in Weyerhaeuser Company (WY)
Fernwood Investment Management LLC continued to hold its position in Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 58,260 shares of the real estate investment trust’s stock at the end of the second quarter. Weyerhaeuser comprises about 1.4% of Fernwood Investment Management LLC’s holdings, making the stock its 15th largest position. Fernwood Investment Management LLC’s holdings in Weyerhaeuser were worth $1,952,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in WY. Barnett & Company Inc. purchased a new position in Weyerhaeuser during the second quarter worth about $101,000. First Personal Financial Services increased its position in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the period. Dupont Capital Management Corp purchased a new position in Weyerhaeuser during the second quarter worth about $109,000. Alexandria Capital LLC increased its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the period. Finally, Gemmer Asset Management LLC increased its position in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 76.20% of the company’s stock.
Weyerhaeuser Company (WY) opened at 31.70 on Friday. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a market capitalization of $23.87 billion, a P/E ratio of 24.92 and a beta of 1.40. The company’s 50-day moving average price is $32.66 and its 200 day moving average price is $33.35.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. On average, equities research analysts predict that Weyerhaeuser Company will post $1.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.91%. Weyerhaeuser’s dividend payout ratio is presently 97.64%.
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WY has been the topic of a number of research reports. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, July 7th. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $37.00.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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