First Allied Advisory Services Inc. Has $396,000 Position in Weyerhaeuser Company (WY)
First Allied Advisory Services Inc. cut its holdings in Weyerhaeuser Company (NYSE:WY) by 21.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,629 shares of the real estate investment trust’s stock after selling 3,247 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Weyerhaeuser were worth $396,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. American Century Companies Inc. lifted its holdings 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 period. Pegasus Partners Ltd. raised its holdings in Weyerhaeuser by 153.0% in 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 during the period. Trust Co. of Vermont raised its holdings in Weyerhaeuser by 4.3% in 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 during the period. Oppenheimer & Co. Inc. raised its holdings in Weyerhaeuser by 7.1% in 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 during the period. Finally, Van Cleef Asset Management Inc raised its holdings in Weyerhaeuser by 1.1% in 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 during the period. 74.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus raised their target price on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens assumed coverage on Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a report on Monday, September 4th. Finally, BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.20.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $0.30 EPS. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities analysts anticipate that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently declared 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 3.57%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio is presently 261.22%.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares in the company, valued at $3,574,904.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction dated 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. Insiders sold a total of 296,623 shares of company stock valued at $10,452,392 in the last quarter. 1.20% of the stock is currently owned by company insiders.
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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