Bleakley Financial Group LLC Raises Stock Position in Weyerhaeuser Company $WY

Bleakley Financial Group LLC grew its holdings in Weyerhaeuser Company (NYSE:WY) by 37.5% during the second quarter, HoldingsChannel.com reports. The fund owned 55,037 shares of the real estate investment trust’s stock after purchasing an additional 15,008 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $1,414,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Ethic Inc. raised its stake in shares of Weyerhaeuser by 7.8% in the 2nd quarter. Ethic Inc. now owns 27,618 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 2,009 shares during the period. Blume Capital Management Inc. raised its stake in shares of Weyerhaeuser by 5.2% in the 2nd quarter. Blume Capital Management Inc. now owns 136,846 shares of the real estate investment trust’s stock valued at $3,516,000 after acquiring an additional 6,745 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Weyerhaeuser by 4.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 520,308 shares of the real estate investment trust’s stock valued at $13,437,000 after acquiring an additional 23,054 shares during the period. Unison Advisors LLC raised its stake in shares of Weyerhaeuser by 0.8% in the 2nd quarter. Unison Advisors LLC now owns 69,879 shares of the real estate investment trust’s stock valued at $1,795,000 after acquiring an additional 570 shares during the period. Finally, Cidel Asset Management Inc. grew its holdings in Weyerhaeuser by 6.8% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Price Performance

Shares of WY stock opened at $23.89 on Friday. The firm has a market cap of $17.23 billion, a P/E ratio of 62.86, a P/E/G ratio of 250.88 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1-year low of $23.23 and a 1-year high of $32.70. The firm has a fifty day moving average of $24.90 and a two-hundred day moving average of $25.60.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WY. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Finally, CIBC lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average target price of $32.63.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.