Tradewinds Capital Management LLC lowered its stake in shares of Weyerhaeuser Co. (NYSE:WY) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,719 shares of the real estate investment trust’s stock after selling 820 shares during the period. Tradewinds Capital Management LLC’s holdings in Weyerhaeuser were worth $200,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in WY. Perkins Coie Trust Co increased its position in shares of 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 period. AXA acquired a new position in shares of Weyerhaeuser during the first quarter valued at approximately $139,000. Park Avenue Institutional Advisers LLC increased its position in shares of 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 period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Weyerhaeuser during the first quarter valued at approximately $161,000. Finally, Integrated Investment Consultants LLC increased its position in shares of 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 period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Co. (NYSE:WY) traded up 0.717% during midday trading on Monday, reaching $31.605. The company’s stock had a trading volume of 2,167,680 shares. The firm has a market capitalization of $23.66 billion, a PE ratio of 40.728 and a beta of 1.39. Weyerhaeuser Co. has a 1-year low of $22.06 and a 1-year high of $33.17. The stock’s 50-day moving average price is $31.22 and its 200 day moving average price is $31.18.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The business earned $1.41 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the prior year, the firm earned $0.26 EPS. Weyerhaeuser’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, October 28th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.95%. Weyerhaeuser’s dividend payout ratio is currently 158.98%.
WY has been the topic of several research analyst reports. DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Zacks Investment Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Citigroup Inc. increased their price target on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th. Finally, Argus reissued a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a research report on Tuesday, September 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.38.
In other news, SVP Denise M. Merle sold 15,049 shares of Weyerhaeuser stock in a transaction on Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rhonda D. Hunter sold 3,318 shares of Weyerhaeuser stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $33.00, for a total value of $109,494.00. Following the completion of the sale, the vice president now directly owns 61,768 shares of the company’s stock, valued at $2,038,344. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
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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