Granite Investment Partners LLC lessened its position in shares of Weyerhaeuser Company (NYSE:WY) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,956 shares of the real estate investment trust’s stock after selling 2,861 shares during the period. Granite Investment Partners LLC’s holdings in Weyerhaeuser were worth $6,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after buying an additional 1,273,679 shares during the last quarter. Pegasus Partners Ltd. lifted its holdings in Weyerhaeuser by 153.0% during the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after purchasing an additional 92,021 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Weyerhaeuser by 7.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 27,029 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Weyerhaeuser by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Van Cleef Asset Management Inc lifted its holdings in Weyerhaeuser by 1.1% during the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after purchasing an additional 2,358 shares in the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of the stock in a transaction dated Tuesday, November 14th. The shares were 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. 1.20% of the stock is owned by corporate insiders.

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Shares of Weyerhaeuser Company (NYSE WY) traded down $0.17 during midday trading on Tuesday, reaching $36.11. The company’s stock had a trading volume of 2,673,100 shares, compared to its average volume of 3,360,593. The company has a market cap of $27,390.00, a price-to-earnings ratio of 37.02, a P/E/G ratio of 6.19 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. Weyerhaeuser Company has a fifty-two week low of $29.81 and a fifty-two week high of $36.92.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. sell-side analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio is currently 253.06%.

A number of analysts recently issued reports on the company. JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a report on Monday, August 14th. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. TheStreet cut Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $37.20.

About Weyerhaeuser

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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