Montag A & Associates Inc. lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 96,901 shares of the real estate investment trust’s stock after selling 2,634 shares during the period. Montag A & Associates Inc.’s holdings in Weyerhaeuser were worth $3,298,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in shares of Weyerhaeuser by 29.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,231 shares of the real estate investment trust’s stock valued at $348,000 after acquiring an additional 2,303 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Weyerhaeuser by 0.5% during the 3rd quarter. Rhumbline Advisers now owns 1,493,256 shares of the real estate investment trust’s stock valued at $50,816,000 after acquiring an additional 6,830 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Weyerhaeuser by 12.0% during the 3rd quarter. Toronto Dominion Bank now owns 290,437 shares of the real estate investment trust’s stock valued at $9,883,000 after acquiring an additional 31,084 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Weyerhaeuser by 1.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,676,680 shares of the real estate investment trust’s stock valued at $57,057,000 after acquiring an additional 31,000 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Weyerhaeuser by 2.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after acquiring an additional 951,807 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.
A number of equities research analysts have recently commented on the company. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research report on Monday, August 14th. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Argus increased their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $37.20.
In other news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.
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Weyerhaeuser Company (NYSE WY) traded up $0.13 during midday trading on Tuesday, hitting $36.09. 568,704 shares of the stock were exchanged, compared to its average volume of 3,371,677. Weyerhaeuser Company has a 1-year low of $28.75 and a 1-year high of $36.48. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The firm has a market capitalization of $27,050.00, a P/E ratio of 36.88, a PEG ratio of 6.17 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.30 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. analysts anticipate that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.55%. Weyerhaeuser’s dividend payout ratio is 253.06%.
Weyerhaeuser Company Profile
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.
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