Mcclain Value Management LLC Lowers Stake in Weyerhaeuser Company (WY)
Mcclain Value Management LLC lowered its stake in Weyerhaeuser Company (NYSE:WY) by 86.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,259 shares of the real estate investment trust’s stock after selling 65,698 shares during the period. Weyerhaeuser Company makes up about 0.4% of Mcclain Value Management LLC’s holdings, making the stock its 29th largest position. Mcclain Value Management LLC’s holdings in Weyerhaeuser Company were worth $309,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in Weyerhaeuser Company by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 19,405,131 shares of the real estate investment trust’s stock worth $619,800,000 after buying an additional 105,731 shares in the last quarter. BlackRock Fund Advisors raised its stake in Weyerhaeuser Company by 4.3% in the third quarter. BlackRock Fund Advisors now owns 16,635,375 shares of the real estate investment trust’s stock worth $531,334,000 after buying an additional 690,684 shares in the last quarter. Northern Trust Corp raised its stake in Weyerhaeuser Company by 2.7% in the third quarter. Northern Trust Corp now owns 9,875,750 shares of the real estate investment trust’s stock worth $315,432,000 after buying an additional 261,867 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Weyerhaeuser Company by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 7,868,617 shares of the real estate investment trust’s stock worth $234,249,000 after buying an additional 119,230 shares in the last quarter. Finally, Evercore Trust Company N.A. bought a new stake in Weyerhaeuser Company during the third quarter worth about $215,356,000. 77.72% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Company (NYSE:WY) opened at 33.52 on Friday. The stock has a market cap of $25.09 billion, a P/E ratio of 23.96 and a beta of 1.36. The company’s 50-day moving average price is $31.44 and its 200-day moving average price is $31.22. Weyerhaeuser Company has a 1-year low of $22.66 and a 1-year high of $34.00.
Weyerhaeuser Company (NYSE:WY) last issued its earnings results on Friday, February 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Weyerhaeuser Company had a return on equity of 5.98% and a net margin of 15.11%. The company earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company earned $0.24 EPS. Weyerhaeuser Company’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts predict that Weyerhaeuser Company will post $0.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, March 1st. Weyerhaeuser Company’s payout ratio is 91.85%.
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WY has been the topic of a number of analyst reports. CLSA lowered Weyerhaeuser Company from an “outperform” rating to an “underperform” rating in a research report on Thursday, December 15th. Raymond James Financial, Inc. raised Weyerhaeuser Company from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research report on Monday, January 9th. RBC Capital Markets reissued a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser Company in a research report on Friday, January 6th. BMO Capital Markets reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser Company in a research report on Tuesday, December 13th. Finally, Zacks Investment Research lowered Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.56.
In other news, SVP Denise M. Merle sold 1,349 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $33.28, for a total value of $44,894.72. Following the completion of the sale, the senior vice president now owns 38,087 shares of the company’s stock, valued at $1,267,535.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denise M. Merle sold 6,503 shares of the company’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $33.00, for a total value of $214,599.00. The disclosure for this sale can be found here. Insiders sold 48,699 shares of company stock valued at $1,636,830 in the last ninety days. Company insiders own 1.30% of the company’s stock.
Weyerhaeuser Company Company Profile
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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