Weyerhaeuser Co (WY) Position Lowered by Leavell Investment Management Inc.

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Leavell Investment Management Inc. cut its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,623 shares of the real estate investment trust’s stock after selling 5,677 shares during the period. Leavell Investment Management Inc.’s holdings in Weyerhaeuser were worth $1,597,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in Weyerhaeuser in the first quarter worth about $32,000. Westside Investment Management Inc. boosted its position in Weyerhaeuser by 160.0% in the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. CNB Bank boosted its position in Weyerhaeuser by 784.0% in the fourth quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,176 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at about $31,000. Finally, Rehmann Capital Advisory Group lifted its position in shares of Weyerhaeuser by 37.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 442 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors.

Shares of WY opened at $26.82 on Wednesday. The company has a market cap of $20.27 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 6.59 and a beta of 1.66. Weyerhaeuser Co has a 12-month low of $20.52 and a 12-month high of $38.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.63 and a current ratio of 0.83.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue was down 10.3% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Co will post 0.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s payout ratio is 115.25%.

In other Weyerhaeuser news, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.35% of the company’s stock.

WY has been the topic of several recent analyst reports. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Bank of America downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 2nd. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, March 11th. Raymond James set a $29.00 target price on Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, January 8th. Finally, Seaport Global Securities initiated coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They set a “buy” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.10.

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Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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