American Research & Management Co. Raises Position in Weyerhaeuser Co (WY)
American Research & Management Co. increased its stake in shares of Weyerhaeuser Co (NYSE:WY) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,101 shares of the real estate investment trust’s stock after acquiring an additional 1,989 shares during the quarter. Weyerhaeuser comprises about 1.8% of American Research & Management Co.’s portfolio, making the stock its 18th largest holding. American Research & Management Co.’s holdings in Weyerhaeuser were worth $5,680,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Exane Derivatives boosted its position in shares of Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 2,845 shares during the last quarter. Barrett Asset Management LLC boosted its position in shares of Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,584 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,453 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Weyerhaeuser by 324.7% during the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 3,490 shares during the last quarter. Finally, Boston Private Wealth LLC bought a new position in shares of Weyerhaeuser during the third quarter worth $206,000. Hedge funds and other institutional investors own 74.69% of the company’s stock.
WY has been the subject of several research reports. Zacks Investment Research lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Stephens initiated coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective for the company. Finally, Argus increased their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Weyerhaeuser currently has an average rating of “Hold” and an average price target of $37.44.
Shares of Weyerhaeuser Co (WY) opened at $34.21 on Wednesday. Weyerhaeuser Co has a 12 month low of $30.95 and a 12 month high of $37.89. The firm has a market cap of $25,820.00, a price-to-earnings ratio of 44.43, a PEG ratio of 5.04 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. sell-side analysts expect that Weyerhaeuser Co will post 1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is currently 166.23%.
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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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