Rodgers Brothers Inc. decreased its stake in shares of Weyerhaeuser Co (NYSE:WY) by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,807 shares of the real estate investment trust’s stock after selling 5,005 shares during the quarter. Rodgers Brothers Inc.’s holdings in Weyerhaeuser were worth $346,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Eagle Ridge Investment Management raised its position in Weyerhaeuser by 3.0% in the fourth quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock valued at $6,676,000 after purchasing an additional 5,439 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Weyerhaeuser by 8.2% in the third quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock valued at $12,249,000 after buying an additional 27,233 shares in the last quarter. North Star Asset Management Inc. grew its stake in shares of Weyerhaeuser by 13.1% in the fourth quarter. North Star Asset Management Inc. now owns 34,045 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 3,948 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Weyerhaeuser by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock valued at $40,735,000 after buying an additional 7,084 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of Weyerhaeuser by 11.8% in the third quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock valued at $6,286,000 after buying an additional 19,570 shares in the last quarter. Institutional investors own 76.79% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note 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’s stock. The company has an average rating of “Hold” and an average target price of $37.44.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 3.59%. Weyerhaeuser’s payout ratio is 166.24%.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.22, for a total transaction of $542,000.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.
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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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