Cohen Capital Management Inc. Buys New Position in Weyerhaeuser Company $WY

Cohen Capital Management Inc. purchased a new position in shares of Weyerhaeuser Company (NYSE:WY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 73,840 shares of the real estate investment trust’s stock, valued at approximately $1,407,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Essential Partners LLC raised its position in Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,208 shares during the last quarter. Nvwm LLC grew its holdings in shares of Weyerhaeuser by 174.7% during the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 800 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 617 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth $35,000. Finally, Bayban acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $41,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Friday, July 10th. DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a report on Tuesday, June 30th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. Finally, Seaport Research Partners set a $30.00 target price on shares of Weyerhaeuser in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.33.

Weyerhaeuser Trading Up 0.3%

Shares of WY opened at $19.00 on Wednesday. The stock’s fifty day simple moving average is $22.23 and its 200-day simple moving average is $23.50. The firm has a market capitalization of $13.70 billion, a PE ratio of 90.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. Weyerhaeuser Company has a 12-month low of $18.25 and a 12-month high of $27.75. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. As a group, research analysts predict that Weyerhaeuser Company will post 0.28 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.