ProShare Advisors LLC Raises Stake in Weyerhaeuser Company $WY

ProShare Advisors LLC grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 34.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 226,424 shares of the real estate investment trust’s stock after acquiring an additional 58,464 shares during the period. ProShare Advisors LLC’s holdings in Weyerhaeuser were worth $5,364,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WY. Goldman Sachs Group Inc. boosted its position in shares of Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Weyerhaeuser by 3.4% during the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after purchasing an additional 1,498 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Weyerhaeuser by 5.9% during the 1st quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 3,124 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth $275,000. Finally, Bank of Nova Scotia boosted its position in shares of Weyerhaeuser by 10.2% during the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after purchasing an additional 8,500 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WY has been the subject of several research reports. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Trading Up 0.6%

NYSE:WY opened at $23.67 on Friday. The company has a market capitalization of $17.07 billion, a PE ratio of 43.84, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The stock has a fifty day simple moving average of $24.00 and a 200-day simple moving average of $24.17.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The business’s revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s payout ratio is presently 155.56%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.