QS Investors LLC Has $3.72 Million Stock Position in Weyerhaeuser (NYSE:WY)

QS Investors LLC lowered its stake in Weyerhaeuser (NYSE:WY) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,039 shares of the real estate investment trust’s stock after selling 1,244 shares during the period. QS Investors LLC’s holdings in Weyerhaeuser were worth $3,719,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of Weyerhaeuser by 2.5% during the second quarter. California Public Employees Retirement System now owns 1,784,802 shares of the real estate investment trust’s stock worth $61,433,000 after purchasing an additional 44,307 shares during the period. LPL Financial LLC lifted its holdings in shares of Weyerhaeuser by 13.2% during the second quarter. LPL Financial LLC now owns 517,523 shares of the real estate investment trust’s stock worth $17,813,000 after purchasing an additional 60,354 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Weyerhaeuser by 92.9% during the second quarter. Franklin Resources Inc. now owns 1,135,437 shares of the real estate investment trust’s stock worth $39,082,000 after purchasing an additional 546,769 shares during the period. Stifel Financial Corp lifted its holdings in shares of Weyerhaeuser by 1.3% during the second quarter. Stifel Financial Corp now owns 879,050 shares of the real estate investment trust’s stock worth $30,256,000 after purchasing an additional 11,655 shares during the period. Finally, Eudaimonia Partners LLC acquired a new position in shares of Weyerhaeuser during the second quarter worth $381,000. Institutional investors own 81.21% of the company’s stock.

WY opened at $37.40 on Thursday. Weyerhaeuser has a 1-year low of $26.57 and a 1-year high of $41.68. The company has a current ratio of 2.85, a quick ratio of 2.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $28.04 billion, a P/E ratio of 12.26 and a beta of 1.84. The company has a fifty day moving average price of $35.58 and a two-hundred day moving average price of $36.08.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 29th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). Weyerhaeuser had a net margin of 23.25% and a return on equity of 26.56%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was up 92.8% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 3.37 EPS for the current fiscal year.

The business also recently declared a None dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, October 5th will be paid a $0.50 dividend. The ex-dividend date is Monday, October 4th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 52.71%.

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Weyerhaeuser in a report on Thursday, July 15th. They set a “buy” rating and a $40.00 price target on the stock. Raymond James lowered their target price on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Friday, August 27th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, July 27th. Finally, Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research note on Monday, October 4th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Buy” and an average price target of $39.29.

Weyerhaeuser Profile

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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