CIBC World Markets Inc. acquired a new stake in Weyerhaeuser Co (NYSE:WY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,009 shares of the real estate investment trust’s stock, valued at approximately $802,000.

Other large investors have also recently bought and sold shares of the company. United Capital Financial Advisers LLC increased its position in Weyerhaeuser by 0.9% during the first quarter. United Capital Financial Advisers LLC now owns 153,196 shares of the real estate investment trust’s stock worth $5,362,000 after purchasing an additional 1,412 shares during the last quarter. Harbor Advisory Corp MA increased its position in Weyerhaeuser by 1.0% during the first quarter. Harbor Advisory Corp MA now owns 149,620 shares of the real estate investment trust’s stock worth $5,237,000 after purchasing an additional 1,447 shares during the last quarter. Smith Asset Management Group LP increased its position in Weyerhaeuser by 87.9% during the first quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 1,469 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Weyerhaeuser by 1.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 150,495 shares of the real estate investment trust’s stock worth $5,266,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC increased its position in Weyerhaeuser by 4.1% during the first quarter. Wealthstreet Investment Advisors LLC now owns 37,838 shares of the real estate investment trust’s stock worth $1,325,000 after purchasing an additional 1,500 shares during the last quarter. 76.28% of the stock is owned by institutional investors and hedge funds.

WY opened at $35.31 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.18 and a debt-to-equity ratio of 0.67. Weyerhaeuser Co has a 52-week low of $31.35 and a 52-week high of $38.39. The company has a market cap of $26.43 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 4.52 and a beta of 1.37.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.34 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 13th. Weyerhaeuser’s payout ratio is currently 111.30%.

WY has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $38.80.

Weyerhaeuser Profile

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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