Wellington Shields Capital Management LLC lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,723 shares of the real estate investment trust’s stock after selling 6,570 shares during the period. Wellington Shields Capital Management LLC’s holdings in Weyerhaeuser were worth $2,134,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Weyerhaeuser by 3,527.2% during the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after acquiring an additional 53,166,351 shares during the period. Capital World Investors lifted its stake in Weyerhaeuser by 67.0% during the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after acquiring an additional 7,096,454 shares during the period. Vanguard Group Inc. lifted its stake in Weyerhaeuser by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after acquiring an additional 1,535,736 shares during the period. Principal Financial Group Inc. lifted its stake in Weyerhaeuser by 110.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock valued at $95,903,000 after acquiring an additional 1,476,159 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Weyerhaeuser by 1,559.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock valued at $49,550,000 after acquiring an additional 1,389,961 shares during the period. 75.80% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on the stock. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $28.58 to $36.00 in a research note on Monday, August 14th. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research note on Monday, July 31st. JMP Securities cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Monday, August 14th. Finally, Argus boosted their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $37.20.
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Shares of Weyerhaeuser Company (NYSE:WY) traded down $0.18 during midday trading on Tuesday, reaching $35.96. 2,375,800 shares of the company traded hands, compared to its average volume of 3,371,677. The stock has a market cap of $27,050.00, a price-to-earnings ratio of 36.88, a PEG ratio of 6.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Company has a 12 month low of $28.75 and a 12 month high of $36.48.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. research analysts predict 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. Investors of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s payout ratio is presently 253.06%.
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 transaction of $7,968,302.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.
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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