Weyerhaeuser Company (WY) Shares Bought by Pinnacle Financial Partners Inc.
Pinnacle Financial Partners Inc. increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 4.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,825 shares of the real estate investment trust’s stock after purchasing an additional 2,628 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Weyerhaeuser were worth $1,968,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Weyerhaeuser by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 311,332 shares of the real estate investment trust’s stock valued at $10,578,000 after acquiring an additional 8,370 shares in the last quarter. Shelton Capital Management boosted its stake in shares of Weyerhaeuser by 211.2% during the 1st quarter. Shelton Capital Management now owns 99,170 shares of the real estate investment trust’s stock valued at $3,370,000 after buying an additional 67,300 shares during the last quarter. Colonial Trust Advisors boosted its stake in shares of Weyerhaeuser by 0.8% during the 1st quarter. Colonial Trust Advisors now owns 51,380 shares of the real estate investment trust’s stock valued at $1,694,000 after buying an additional 400 shares during the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Weyerhaeuser by 23.3% during the 1st quarter. Baker Avenue Asset Management LP now owns 246,633 shares of the real estate investment trust’s stock valued at $8,381,000 after buying an additional 46,594 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $8,495,000. 75.90% of the stock is owned by hedge funds and other institutional investors.
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In other Weyerhaeuser news, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Several research firms have recently commented on WY. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stephens began coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price for the company. TheStreet cut Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research note on Monday, September 4th. Finally, Argus increased their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.20.
Weyerhaeuser Company (WY) traded down $0.17 during mid-day 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 debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The company has a market capitalization of $27,390.00, a PE ratio of 37.02, a price-to-earnings-growth ratio of 6.19 and a beta of 1.46. Weyerhaeuser Company has a 12 month low of $29.81 and a 12 month high of $36.92.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. analysts predict that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business 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 represents a $1.28 dividend on an annualized basis and a yield of 3.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 253.06%.
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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