Mraz Amerine & Associates Inc. decreased its holdings in Weyerhaeuser Company (NYSE:WY) by 8.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,184 shares of the real estate investment trust’s stock after selling 2,429 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Weyerhaeuser were worth $891,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WY. Barnett & Company Inc. bought a new position in shares of Weyerhaeuser in the second quarter worth about $101,000. Dupont Capital Management Corp bought a new position in Weyerhaeuser during the second quarter valued at approximately $109,000. Alexandria Capital LLC boosted its stake in Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC boosted its stake in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. Finally, First Command Bank boosted its stake in Weyerhaeuser by 73.1% during the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares during the last quarter. 75.16% of the stock is owned by hedge funds and other institutional investors.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE:WY) traded down $0.13 during mid-day trading on Friday, reaching $36.14. The company’s stock had a trading volume of 3,026,400 shares, compared to its average volume of 2,871,338. Weyerhaeuser Company has a fifty-two week low of $28.62 and a fifty-two week high of $36.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. The stock has a market capitalization of $27,279.52, a P/E ratio of 36.88, a PEG ratio of 6.17 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.32 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. Weyerhaeuser’s dividend payout ratio is 108.77%.
WY has been the subject of a number of research reports. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and increased their price target for the company from $28.58 to $36.00 in a research note on Monday, August 14th. Stephens initiated coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. Argus increased their price target on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $37.20.
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Weyerhaeuser 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.
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