Becker Capital Management Inc. Cuts Stake in Weyerhaeuser Company (NYSE:WY)

Becker Capital Management Inc. lowered its position in Weyerhaeuser Company (NYSE:WY) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,585 shares of the real estate investment trust’s stock after selling 15,028 shares during the period. Becker Capital Management Inc.’s holdings in Weyerhaeuser were worth $20,782,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alexandria Capital LLC increased its stake in Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in Weyerhaeuser by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,655 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 20 shares in the last quarter. Cambridge Advisors Inc. increased its stake in Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 30 shares in the last quarter. New England Private Wealth Advisors LLC increased its stake in Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares in the last quarter. Finally, Loudon Investment Management LLC increased its stake in Weyerhaeuser by 1.2% in the first quarter. Loudon Investment Management LLC now owns 6,845 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 82 shares in the last quarter. 76.57% of the stock is owned by institutional investors.

Weyerhaeuser Company (NYSE:WY) opened at 33.40 on Tuesday. The firm has a market cap of $25.11 billion, a P/E ratio of 22.89 and a beta of 1.41. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The firm’s 50-day moving average price is $33.31 and its 200 day moving average price is $32.87.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. Weyerhaeuser had a return on equity of 6.22% and a net margin of 16.58%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. Equities analysts forecast that Weyerhaeuser Company will post $0.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.31 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.71%. Weyerhaeuser’s payout ratio is currently 85.52%.

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A number of research firms have recently weighed in on WY. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Tuesday, May 23rd. BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Friday, July 7th. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and an average price target of $36.56.

In other Weyerhaeuser news, Director Rick R. Holley sold 33,416 shares of the firm’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $35.21, for a total value of $1,176,577.36. Following the sale, the director now owns 571,036 shares of the company’s stock, valued at approximately $20,106,177.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 6,687 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total value of $234,045.00. Following the completion of the sale, the director now directly owns 557,707 shares in the company, valued at approximately $19,519,745. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Weyerhaeuser

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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