Bessemer Group Inc. raised its stake in shares of Weyerhaeuser Company (NYSE:WY) by 26.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,628 shares of the real estate investment trust’s stock after buying an additional 2,203 shares during the quarter. Bessemer Group Inc. owned about 1,408.00% of Weyerhaeuser worth $362,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Alexandria Capital LLC raised its stake in Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Weyerhaeuser by 0.4% during the second quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 19 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. Cambridge Advisors Inc. raised its stake in Weyerhaeuser by 0.3% during the second quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 30 shares during the last quarter. Finally, Solaris Asset Management LLC raised its stake in Weyerhaeuser by 1.3% during the second quarter. Solaris Asset Management LLC now owns 5,145 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 75.80% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE:WY) opened at $36.28 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Weyerhaeuser Company has a fifty-two week low of $29.81 and a fifty-two week high of $36.92. The company has a market capitalization of $27,385.20, a price-to-earnings ratio of 37.02, a P/E/G ratio of 6.19 and a beta of 1.46.
The company also recently disclosed 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. The ex-dividend date is Thursday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.53%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s payout ratio is presently 108.77%.
A number of brokerages have issued reports on WY. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Argus lifted their target price on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens began coverage on Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 target price for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a report on Monday, September 4th. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.20.
In related news, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
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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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