Invesco Ltd. lowered its stake in shares of Weyerhaeuser Co (NYSE:WY) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,787,209 shares of the real estate investment trust’s stock after selling 360,861 shares during the quarter. Invesco Ltd. owned about 3.19% of Weyerhaeuser worth $626,554,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Weyerhaeuser by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock valued at $246,032,000 after purchasing an additional 711,947 shares during the period. Dimensional Fund Advisors LP raised its position in Weyerhaeuser by 14.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 426,032 shares of the real estate investment trust’s stock worth $9,313,000 after acquiring an additional 54,126 shares in the last quarter. Victory Capital Management Inc. raised its position in Weyerhaeuser by 775.7% during the first quarter. Victory Capital Management Inc. now owns 128,202 shares of the real estate investment trust’s stock worth $3,377,000 after acquiring an additional 113,562 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Weyerhaeuser by 2.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 50,474 shares of the real estate investment trust’s stock worth $1,329,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Weyerhaeuser during the first quarter worth $218,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.10.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. Weyerhaeuser’s revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. Sell-side analysts anticipate that Weyerhaeuser Co will post 0.57 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 4.90%. Weyerhaeuser’s payout ratio is 115.25%.
Weyerhaeuser Company 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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