Weyerhaeuser Company (WY) Shares Bought by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 76.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 151,404 shares of the real estate investment trust’s stock after buying an additional 65,505 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Weyerhaeuser Company were worth $5,145,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. boosted its position in shares of Weyerhaeuser Company by 1,634.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,304,983 shares of the real estate investment trust’s stock valued at $39,290,000 after buying an additional 1,229,763 shares in the last quarter. Aviva PLC raised its stake in Weyerhaeuser Company by 6.0% in the fourth quarter. Aviva PLC now owns 489,685 shares of the real estate investment trust’s stock valued at $14,740,000 after buying an additional 27,579 shares in the last quarter. FIL Ltd raised its stake in Weyerhaeuser Company by 9.0% in the fourth quarter. FIL Ltd now owns 1,358,550 shares of the real estate investment trust’s stock valued at $40,879,000 after buying an additional 112,731 shares in the last quarter. RidgeWorth Capital Management LLC raised its stake in Weyerhaeuser Company by 6.5% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,936,100 shares of the real estate investment trust’s stock valued at $58,257,000 after buying an additional 118,500 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its stake in Weyerhaeuser Company by 3.9% in the fourth quarter. Hunter Associates Investment Management LLC now owns 93,900 shares of the real estate investment trust’s stock valued at $2,825,000 after buying an additional 3,500 shares in the last quarter. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Weyerhaeuser Company (NYSE:WY)

Weyerhaeuser Company (WY) opened at 34.04 on Tuesday. The stock’s 50 day moving average is $33.27 and its 200-day moving average is $32.80. Weyerhaeuser Company has a one year low of $26.55 and a one year high of $35.50. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 23.33 and a beta of 1.46.

Weyerhaeuser Company (NYSE:WY) last posted its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the company posted $0.24 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post $1.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a $0.31 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.64%. Weyerhaeuser Company’s dividend payout ratio is 85.52%.

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Several research firms recently issued reports on WY. ValuEngine upgraded shares of Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser Company in a research report on Saturday, April 22nd. Zacks Investment Research upgraded shares of Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 10th. BidaskClub lowered shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser Company in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.88.

In related news, Director Rick R. Holley sold 33,416 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $35.21, for a total value of $1,176,577.36. Following the completion of the transaction, the director now directly owns 571,036 shares in the company, valued at approximately $20,106,177.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rick R. Holley sold 6,687 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total transaction of $234,045.00. Following the completion of the transaction, the director now owns 557,707 shares of the company’s stock, valued at $19,519,745. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,659 shares of company stock valued at $7,742,721. Corporate insiders own 1.30% of the company’s stock.

Weyerhaeuser Company Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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