Commerce Bank Increases Position in Weyerhaeuser Company (WY)
Commerce Bank boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 541,477 shares of the real estate investment trust’s stock after buying an additional 5,352 shares during the period. Commerce Bank owned approximately 0.07% of Weyerhaeuser worth $18,427,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of WY. BlackRock Inc. lifted its stake in shares of Weyerhaeuser by 3,527.2% in the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after purchasing an additional 53,166,351 shares during the last quarter. Capital World Investors lifted its stake in shares of Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after purchasing an additional 7,096,454 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after purchasing an additional 1,535,736 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Weyerhaeuser by 110.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock valued at $95,903,000 after purchasing an additional 1,476,159 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Weyerhaeuser by 1,559.9% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock valued at $49,550,000 after purchasing an additional 1,389,961 shares during the last quarter. 75.80% of the stock is owned by institutional investors and hedge funds.
Shares of Weyerhaeuser Company (WY) traded up $0.02 during midday trading on Thursday, hitting $36.57. The stock had a trading volume of 1,187,243 shares, compared to its average volume of 3,369,998. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Company has a 12-month low of $29.81 and a 12-month high of $36.68. The stock has a market capitalization of $27,324.82, a P/E ratio of 36.94, a price-to-earnings-growth ratio of 6.18 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. Weyerhaeuser’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. research analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.32 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.77%.
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Several equities research analysts have recently issued reports on WY shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research note on Monday, July 31st. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Finally, Argus raised their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $37.20.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
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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