Azimuth Capital Management LLC cut its holdings in Weyerhaeuser Co (NYSE:WY) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,086 shares of the real estate investment trust’s stock after selling 2,415 shares during the quarter. Azimuth Capital Management LLC’s holdings in Weyerhaeuser were worth $8,024,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Boston Common Asset Management LLC lifted its position in Weyerhaeuser by 4.0% in the 2nd quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock valued at $8,339,000 after acquiring an additional 8,850 shares in the last quarter. Securian Asset Management Inc lifted its position in Weyerhaeuser by 1.6% in the 2nd quarter. Securian Asset Management Inc now owns 135,020 shares of the real estate investment trust’s stock valued at $4,923,000 after acquiring an additional 2,126 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Weyerhaeuser by 3.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 192,012 shares of the real estate investment trust’s stock valued at $6,721,000 after acquiring an additional 7,080 shares in the last quarter. Guggenheim Capital LLC lifted its position in Weyerhaeuser by 8.1% in the 1st quarter. Guggenheim Capital LLC now owns 1,661,514 shares of the real estate investment trust’s stock valued at $58,153,000 after acquiring an additional 124,411 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Weyerhaeuser in the 2nd quarter valued at approximately $1,061,000. 76.28% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on WY shares. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.80.

NYSE WY opened at $35.31 on Wednesday. The firm has a market cap of $26.43 billion, a PE ratio of 30.63, a PEG ratio of 4.52 and a beta of 1.37. The company has a current ratio of 2.18, a quick ratio of 1.77 and a debt-to-equity ratio of 0.67. Weyerhaeuser Co has a 1-year low of $31.35 and a 1-year high of $38.39.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. analysts forecast that Weyerhaeuser Co will post 1.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.85%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, September 13th. Weyerhaeuser’s dividend payout ratio is presently 111.30%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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