Weyerhaeuser Co. (WY) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. lowered its position in Weyerhaeuser Co. (NYSE:WY) by 88.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 522,629 shares of the real estate investment trust’s stock after selling 3,971,294 shares during the period. Ameriprise Financial Inc. owned 0.07% of Weyerhaeuser worth $15,543,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in Weyerhaeuser by 591.3% in the first quarter. Glenmede Trust Co. NA now owns 14,448 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 12,358 shares during the last quarter. Wade G W & Inc. boosted its position in Weyerhaeuser by 89.6% in the first quarter. Wade G W & Inc. now owns 15,657 shares of the real estate investment trust’s stock worth $485,000 after buying an additional 7,397 shares during the last quarter. Texas Permanent School Fund boosted its position in Weyerhaeuser by 50.9% in the first quarter. Texas Permanent School Fund now owns 272,199 shares of the real estate investment trust’s stock worth $8,433,000 after buying an additional 91,801 shares during the last quarter. Chesley Taft & Associates LLC acquired a new position in Weyerhaeuser during the first quarter worth approximately $4,934,000. Finally, Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Weyerhaeuser during the first quarter worth approximately $267,000. Institutional investors and hedge funds own 75.73% of the company’s stock.
Shares of Weyerhaeuser Co. (NYSE:WY) traded up 0.56% on Friday, reaching $32.26. 2,425,464 shares of the company’s stock traded hands. Weyerhaeuser Co. has a one year low of $22.06 and a one year high of $33.17. The company’s 50-day moving average price is $31.43 and its 200 day moving average price is $30.95. The firm has a market cap of $24.15 billion, a P/E ratio of 41.57 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm earned $1.41 billion during the quarter, compared to analysts’ expectations of $7.54 billion. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts forecast that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 158.98%.
A number of equities research analysts have recently issued reports on the company. DA Davidson cut Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Monday, August 8th. Citigroup Inc. boosted their price objective on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Dundee Securities cut Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, July 19th. Finally, Argus restated a “buy” rating on shares of Weyerhaeuser in a report on Sunday, June 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $35.38.
In other news, VP Rhonda D. Hunter sold 3,318 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $33.00, for a total transaction of $109,494.00. Following the completion of the transaction, the vice president now directly owns 61,768 shares of the company’s stock, valued at approximately $2,038,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rick R. Holley sold 608,000 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $32.55, for a total transaction of $19,790,400.00. Following the transaction, the director now directly owns 696,488 shares of the company’s stock, valued at $22,670,684.40. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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