Weyerhaeuser Company (WY) Position Cut by Northeast Investment Management

Northeast Investment Management trimmed its holdings in Weyerhaeuser Company (NYSE:WY) by 11.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,513 shares of the real estate investment trust’s stock after selling 32,258 shares during the quarter. Northeast Investment Management’s holdings in Weyerhaeuser were worth $8,457,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Weyerhaeuser by 3.2% in the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after purchasing an additional 1,535,736 shares during the period. First Eagle Investment Management LLC lifted its position in Weyerhaeuser by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after purchasing an additional 951,807 shares during the period. Capital World Investors lifted its position in Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after purchasing an additional 7,096,454 shares during the period. American Century Companies Inc. lifted its position in Weyerhaeuser by 5.8% in the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after purchasing an additional 934,684 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Weyerhaeuser by 2.3% during the 2nd quarter. Northern Trust Corp now owns 10,723,639 shares of the real estate investment trust’s stock valued at $359,243,000 after acquiring an additional 245,971 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company (WY) traded down $0.27 during midday trading on Tuesday, hitting $35.13. 3,899,600 shares of the stock were exchanged, compared to its average volume of 3,335,096. Weyerhaeuser Company has a 1-year low of $29.81 and a 1-year high of $36.92. 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 $26,720.96, a P/E ratio of 36.12, a PEG ratio of 6.04 and a beta of 1.45.

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 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 3.64%. Weyerhaeuser’s dividend payout ratio is 112.28%.

A number of equities research analysts have recently commented on WY shares. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 4th. 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. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price on the stock. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Finally, BMO Capital Markets downgraded 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. One 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 company’s stock. The stock has an average rating of “Hold” and an average price target of $37.20.

In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the transaction, the insider now directly owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rick R. Holley sold 227,341 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Insiders sold 296,623 shares of company stock worth $10,452,392 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

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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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