Stevens First Principles Investment Advisors lowered its stake in Weyerhaeuser Co. (NYSE:WY) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,660 shares of the real estate investment trust’s stock after selling 1,091 shares during the period. Weyerhaeuser makes up approximately 5.4% of Stevens First Principles Investment Advisors’ portfolio, making the stock its largest position. Stevens First Principles Investment Advisors’ holdings in Weyerhaeuser were worth $7,284,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co increased its stake in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. AXA bought a new stake in Weyerhaeuser during the first quarter valued at $139,000. Park Avenue Institutional Advisers LLC increased its stake in Weyerhaeuser by 50.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 4,966 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 1,660 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Weyerhaeuser during the first quarter valued at $161,000. Finally, Integrated Investment Consultants LLC increased its stake in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,280 shares during the last quarter. Institutional investors and hedge funds own 75.73% of the company’s stock.
Weyerhaeuser Co. (NYSE:WY) traded down 0.370% during mid-day trading on Friday, reaching $30.985. 2,065,355 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $31.26 and a 200-day moving average price of $31.15. The stock has a market cap of $23.20 billion, a P/E ratio of 39.929 and a beta of 1.39. Weyerhaeuser Co. has a 52 week low of $22.06 and a 52 week high of $33.17.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $7.54 billion. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 earnings per share. On average, analysts forecast that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.99%. Weyerhaeuser’s payout ratio is presently 158.98%.
Several equities research analysts recently weighed in on the stock. DA Davidson downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Monday, August 8th. Citigroup Inc. upped their price objective on shares of Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Dundee Securities downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, July 19th. Finally, Argus reissued a “buy” rating on shares of Weyerhaeuser in a report on Sunday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.38.
In other news, Director Rick R. Holley sold 608,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $32.55, for a total value of $19,790,400.00. Following the completion of the sale, the director now directly owns 696,488 shares in the company, valued at $22,670,684.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rick R. Holley sold 426,957 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $32.51, for a total value of $13,880,372.07. Following the completion of the sale, the director now owns 696,488 shares of the company’s stock, valued at $22,642,824.88. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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