Keudell Morrison Wealth Management raised its holdings in Weyerhaeuser Co (NYSE:WY) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,152 shares of the real estate investment trust’s stock after purchasing an additional 3,059 shares during the period. Keudell Morrison Wealth Management’s holdings in Weyerhaeuser were worth $818,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of WY. NEXT Financial Group Inc grew its stake in Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 789 shares in the last quarter. Strategic Wealth Partners Ltd. grew its stake in Weyerhaeuser by 24.7% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 2,320 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 460 shares in the last quarter. SG3 Management LLC purchased a new position in Weyerhaeuser in the 1st quarter worth approximately $105,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Weyerhaeuser by 109.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,368 shares of the real estate investment trust’s stock worth $2,091,000 after buying an additional 41,532 shares in the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in Weyerhaeuser in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.97% of the company’s stock.
Shares of WY traded down $0.20 during mid-day trading on Tuesday, reaching $27.50. The company’s stock had a trading volume of 1,216,528 shares, compared to its average volume of 3,039,780. The stock has a market cap of $20.70 billion, a PE ratio of 23.30, a P/E/G ratio of 9.71 and a beta of 1.67. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $32.37. The company’s fifty day moving average price is $26.49 and its two-hundred day moving average price is $25.77.
The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 4.95%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.
WY has been the subject of a number of research reports. Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. ValuEngine cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the stock a “buy” rating in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus price target of $32.67.
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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