Weyerhaeuser Company (WY) Position Lessened by Strategic Advisors LLC
Strategic Advisors LLC trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,328 shares of the real estate investment trust’s stock after selling 992 shares during the quarter. Strategic Advisors LLC’s holdings in Weyerhaeuser were worth $1,049,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Barnett & Company Inc. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $101,000. First Personal Financial Services increased its position in shares of Weyerhaeuser by 90.7% during the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,520 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $109,000. Alexandria Capital LLC increased its position in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC increased its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 20 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.
WY has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Friday, July 7th. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research report 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 objective for the company. in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $37.00.
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Weyerhaeuser Company (NYSE:WY) traded down 0.316% during trading on Wednesday, reaching $33.135. The company’s stock had a trading volume of 316,845 shares. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a market capitalization of $24.95 billion, a P/E ratio of 26.050 and a beta of 1.39. The company’s 50-day moving average is $32.48 and its 200-day moving average is $33.29.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Equities analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued 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 dividend yield of 3.73%. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.
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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