National Pension Service Has $27.60 Million Position in Weyerhaeuser Co (WY)
National Pension Service boosted its holdings in Weyerhaeuser Co (NYSE:WY) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 782,742 shares of the real estate investment trust’s stock after buying an additional 47,972 shares during the period. National Pension Service’s holdings in Weyerhaeuser were worth $27,599,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its stake in Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,453 shares during the last quarter. Boston Private Wealth LLC purchased a new stake in Weyerhaeuser during the 3rd quarter valued at $206,000. NBT Bank N A NY purchased a new stake in Weyerhaeuser during the 3rd quarter valued at $208,000. OLD National Bancorp IN purchased a new stake in Weyerhaeuser during the 3rd quarter valued at $209,000. Finally, Bristol Advisors LLC purchased a new stake in Weyerhaeuser during the 4th quarter valued at $215,000. 74.76% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Saturday, January 13th. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Stephens assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price for the company. Finally, Argus upped their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.44.
Weyerhaeuser (NYSE:WY) last posted 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 firm had revenue of $1.87 billion during 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%. Weyerhaeuser’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. research analysts anticipate that Weyerhaeuser Co will post 1.2 earnings per share for the current fiscal year.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the sale, the insider now directly owns 98,973 shares in the company, valued at approximately $3,574,904.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
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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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