First Eagle Investment Management LLC raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,712,997 shares of the real estate investment trust’s stock after purchasing an additional 951,807 shares during the period. Weyerhaeuser accounts for about 2.9% of First Eagle Investment Management LLC’s holdings, making the stock its 3rd largest holding. First Eagle Investment Management LLC owned about 5.00% of Weyerhaeuser worth $1,283,373,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Weyerhaeuser by 3,527.2% in the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after buying an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after buying an additional 1,535,736 shares during the last quarter. State Street Corp grew its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after buying an additional 245,129 shares during the last quarter. Capital World Investors grew its stake in shares of Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after buying an additional 7,096,454 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Weyerhaeuser by 5.8% in the 3rd quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after buying an additional 934,684 shares during the last quarter. Hedge funds and other institutional investors own 75.80% of the company’s stock.
Several analysts have commented on WY shares. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research note on Monday, September 4th. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research note on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $37.20.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE:WY) traded up $0.14 during trading on Monday, reaching $36.28. The company had a trading volume of 559,383 shares, compared to its average volume of 3,376,245. Weyerhaeuser Company has a one year low of $28.62 and a one year high of $36.48. The company has a market cap of $27,490.00, a PE ratio of 36.88, a P/E/G ratio of 6.17 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm earned $0.30 EPS. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts anticipate that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio is presently 253.06%.
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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