Caisse DE Depot ET Placement DU Quebec reduced its position in shares of Weyerhaeuser Co (NYSE:WY) by 25.2% during the 4th quarter, Holdings Channel reports. The firm owned 73,843 shares of the real estate investment trust’s stock after selling 24,835 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Weyerhaeuser were worth $2,604,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in WY. Dimensional Fund Advisors LP boosted its stake in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock worth $10,906,000 after purchasing an additional 14,267 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Weyerhaeuser by 2.2% during the 3rd quarter. First Trust Advisors LP now owns 142,698 shares of the real estate investment trust’s stock worth $4,856,000 after acquiring an additional 3,139 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 1.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 294,385 shares of the real estate investment trust’s stock worth $10,018,000 after acquiring an additional 5,216 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Weyerhaeuser by 26.1% during the 3rd quarter. Bessemer Group Inc. now owns 10,628 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 2,203 shares during the period. Finally, Candriam Luxembourg S.C.A. lifted its holdings in shares of Weyerhaeuser by 3.3% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 53,291 shares of the real estate investment trust’s stock worth $1,813,000 after acquiring an additional 1,721 shares during the period. 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 shares were sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.
Weyerhaeuser (NYSE:WY) last posted its quarterly 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 net margin of 8.09% and a return on equity of 9.62%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. research analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a $0.32 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 3.60%. Weyerhaeuser’s payout ratio is 152.38%.
Several research analysts have recently weighed in on WY shares. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective on the stock. in a report on Saturday, January 13th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Weyerhaeuser has an average rating of “Hold” and a consensus target price of $37.44.
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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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