Weyerhaeuser Co (WY) Position Trimmed by Pegasus Partners Ltd.
Pegasus Partners Ltd. reduced its position in Weyerhaeuser Co (NYSE:WY) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 170,075 shares of the real estate investment trust’s stock after selling 16,638 shares during the period. Weyerhaeuser makes up 1.2% of Pegasus Partners Ltd.’s portfolio, making the stock its 13th biggest position. Pegasus Partners Ltd.’s holdings in Weyerhaeuser were worth $5,997,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont raised its position 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. Eagle Ridge Investment Management raised its position in Weyerhaeuser by 3.0% in the 4th quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after purchasing an additional 5,439 shares during the period. Atlantic Trust Group LLC raised its position in Weyerhaeuser by 8.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after purchasing an additional 27,233 shares during the period. Asset Management One Co. Ltd. raised its position in Weyerhaeuser by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after purchasing an additional 7,084 shares during the period. Finally, Schroder Investment Management Group raised its position in Weyerhaeuser by 11.8% in the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after purchasing an additional 19,570 shares during the period. 74.69% of the stock is currently owned by institutional investors.
Weyerhaeuser Co (NYSE:WY) opened at $34.36 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14. The company has a market cap of $25,518.98, a PE ratio of 29.38, a price-to-earnings-growth ratio of 5.04 and a beta of 1.42. Weyerhaeuser Co has a one year low of $30.95 and a one year high of $37.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.73%. Weyerhaeuser’s dividend payout ratio is presently 166.24%.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the transaction, the insider now directly owns 98,973 shares in the company, valued at $3,574,904.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.
A number of equities analysts have commented on WY shares. Argus upped their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 target price on the stock. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research note on Saturday, January 13th. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Weyerhaeuser presently has an average rating of “Hold” and an average price target of $37.44.
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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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