Delta Lloyd NV Has $1,828,000 Position in Weyerhaeuser Co. (WY)
Delta Lloyd NV maintained its stake in Weyerhaeuser Co. (NYSE:WY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,238 shares of the real estate investment trust’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Weyerhaeuser were worth $1,828,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in WY. Confluence Investment Management LLC increased its stake in shares of Weyerhaeuser by 8.3% in the third quarter. Confluence Investment Management LLC now owns 1,966,361 shares of the real estate investment trust’s stock valued at $62,806,000 after buying an additional 150,242 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Weyerhaeuser during the third quarter valued at about $249,000. Granite Investment Advisors Inc. increased its stake in shares of Weyerhaeuser by 1.3% in the third quarter. Granite Investment Advisors Inc. now owns 176,587 shares of the real estate investment trust’s stock valued at $5,640,000 after buying an additional 2,338 shares during the period. Guyasuta Investment Advisors Inc. increased its stake in shares of Weyerhaeuser by 8.9% in the third quarter. Guyasuta Investment Advisors Inc. now owns 100,384 shares of the real estate investment trust’s stock valued at $3,206,000 after buying an additional 8,229 shares during the period. Finally, WASHINGTON TRUST Co increased its stake in shares of Weyerhaeuser by 2.7% in the third quarter. WASHINGTON TRUST Co now owns 209,726 shares of the real estate investment trust’s stock valued at $6,698,000 after buying an additional 5,558 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.
Shares of Weyerhaeuser Co. (NYSE:WY) traded down 0.19% on Tuesday, reaching $31.16. The company had a trading volume of 3,811,074 shares. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17. The stock has a 50-day moving average price of $30.51 and a 200-day moving average price of $30.93. The stock has a market cap of $23.31 billion, a PE ratio of 40.47 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. The firm earned $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, October 28th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Wednesday, October 26th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 169.86%.
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Several brokerages have issued reports on WY. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Monday, August 8th. Citigroup Inc. increased their price target on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Goldman Sachs Group Inc. started coverage on Weyerhaeuser in a report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 price target for the company. Finally, Argus reaffirmed a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, September 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $35.50.
In other news, SVP Denise M. Merle sold 15,049 shares of Weyerhaeuser stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
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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