Jefferies Group LLC lessened its position in shares of Weyerhaeuser Co (NYSE:WY) by 22.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 83,309 shares of the real estate investment trust’s stock after selling 24,295 shares during the quarter. Jefferies Group LLC’s holdings in Weyerhaeuser were worth $2,937,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. BB&T Corp lifted its holdings in Weyerhaeuser by 4.9% during the 4th quarter. BB&T Corp now owns 29,332 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 1,368 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Weyerhaeuser by 5.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,336 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 1,420 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,453 shares during the last quarter. First National Trust Co lifted its holdings in Weyerhaeuser by 12.6% during the 4th quarter. First National Trust Co now owns 13,164 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 1,468 shares during the last quarter. Finally, Barrett Asset Management LLC lifted its holdings in Weyerhaeuser by 102.2% during the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,584 shares during the last quarter. 76.79% of the stock is currently owned by institutional investors.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by company insiders.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. research analysts predict that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is currently 166.24%.
WY has been the topic of a number of research reports. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research report on Saturday, January 13th. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Weyerhaeuser currently has an average rating of “Hold” and an average target price of $37.44.
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.
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