Carret Asset Management LLC decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 16.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,111 shares of the real estate investment trust’s stock after selling 1,638 shares during the period. Carret Asset Management LLC’s holdings in Weyerhaeuser were worth $276,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Alexandria Capital LLC raised its holdings 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 in the last quarter. Kistler Tiffany Companies LLC raised its holdings 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 in the last quarter. Gemmer Asset Management LLC raised its holdings 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 in the last quarter. Solaris Asset Management LLC increased its stake in shares of Weyerhaeuser by 1.3% in the second quarter. Solaris Asset Management LLC now owns 5,145 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 65 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Weyerhaeuser by 2.7% in the second quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 115 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.
Weyerhaeuser Company (WY) traded up $0.05 during midday trading on Thursday, reaching $35.24. The company’s stock had a trading volume of 2,235,000 shares, compared to its average volume of 3,324,209. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $26,562.44, a P/E ratio of 35.91, a price-to-earnings-growth ratio of 5.99 and a beta of 1.45. Weyerhaeuser Company has a 12 month low of $29.81 and a 12 month high of $36.92.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. equities analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.63%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s payout ratio is presently 112.28%.
A number of equities analysts have recently commented on WY shares. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $28.58 to $36.00 in a research note on Monday, August 14th. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research note on Monday, August 14th. BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $37.20.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the sale, 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 can be accessed through the SEC website. Also, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 296,623 shares of company stock worth $10,452,392 over the last ninety days. Company 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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