Weyerhaeuser Company $WY Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC boosted its stake in Weyerhaeuser Company (NYSE:WYFree Report) by 25.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 750,000 shares of the real estate investment trust’s stock after purchasing an additional 150,000 shares during the period. Pacific Heights Asset Management LLC owned approximately 0.10% of Weyerhaeuser worth $17,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WY. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 4.4% in the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after acquiring an additional 1,731,315 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after purchasing an additional 23,485,504 shares during the period. State Street Corp boosted its stake in shares of Weyerhaeuser by 1.7% in the fourth quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after purchasing an additional 562,781 shares during the period. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter valued at $549,531,000. Finally, Geode Capital Management LLC increased its stake in Weyerhaeuser by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after buying an additional 225,227 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

WY stock opened at $23.74 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The firm has a market cap of $17.11 billion, a P/E ratio of 36.52, a P/E/G ratio of 1.26 and a beta of 0.89. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The stock’s 50 day simple moving average is $24.30 and its 200 day simple moving average is $24.38.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a report on Friday, July 17th. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

View Our Latest Report on WY

About Weyerhaeuser

(Free Report)

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

Further Reading

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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