Denise M. Merle Sells 15,049 Shares of Weyerhaeuser Co. (WY) Stock
Weyerhaeuser Co. (NYSE:WY) SVP Denise M. Merle sold 15,049 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $31.12, for a total transaction of $468,324.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Weyerhaeuser Co. (NYSE:WY) opened at 31.20 on Friday. The company has a 50-day moving average price of $31.22 and a 200-day moving average price of $31.17. Weyerhaeuser Co. has a 12-month low of $22.06 and a 12-month high of $33.17. The firm has a market cap of $23.36 billion, a P/E ratio of 40.21 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The firm earned $1.41 billion during the quarter, compared to analyst estimates of $7.54 billion. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. Weyerhaeuser’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.31 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.97%. Weyerhaeuser’s payout ratio is 158.98%.
A number of equities research analysts have weighed in on the stock. Dundee Securities downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Goldman Sachs Group Inc. assumed coverage on shares of Weyerhaeuser in a research note on Thursday, September 22nd. They set a “buy” rating and a $37.00 price objective for the company. Zacks Investment Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. DA Davidson raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Argus reaffirmed a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $35.38.
A number of hedge funds have recently made changes to their positions in the company. Bank of Montreal Can purchased a new stake in shares of Weyerhaeuser during the second quarter worth approximately $35,119,000. Renaissance Technologies LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth approximately $44,534,000. British Airways Pensions Investment Management Ltd purchased a new stake in shares of Weyerhaeuser during the second quarter worth approximately $15,305,000. Prudential PLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth approximately $8,650,000. Finally, Adage Capital Partners GP L.L.C. raised its position in Weyerhaeuser by 5.9% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,166,500 shares of the real estate investment trust’s stock valued at $36,138,000 after buying an additional 65,211 shares during the last quarter. Hedge funds and other institutional investors own 75.73% 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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