Investors Sell Shares of Weyerhaeuser Co. (WY) on Strength (WY)
Traders sold shares of Weyerhaeuser Co. (NYSE:WY) on strength during trading hours on Tuesday. $25.39 million flowed into the stock on the tick-up and $49.68 million flowed out of the stock on the tick-down, for a money net flow of $24.29 million out of the stock. Of all stocks tracked, Weyerhaeuser had the 0th highest net out-flow for the day. Weyerhaeuser traded up $0.61 for the day and closed at $31.85
A number of brokerages recently commented on WY. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Argus restated a “buy” rating on shares of Weyerhaeuser in a research note on Sunday, June 12th. Zacks Investment Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Monday, June 6th. Vertical Group lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, Vertical Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $34.00.
The firm has a market cap of $23.79 billion and a P/E ratio of 39.32. The company has a 50 day moving average of $30.01 and a 200 day moving average of $28.92.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business earned $1.84 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the business posted $0.26 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%.
In related news, VP Rhonda D. Hunter sold 6,500 shares of the stock in a transaction on Monday, June 20th. The stock was sold at an average price of $29.12, for a total value of $189,280.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David P. Bozeman sold 1,929 shares of the stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $30.30, for a total value of $58,448.70. Following the completion of the sale, the director now owns 6,262 shares in the company, valued at approximately $189,738.60. The disclosure for this sale can be found here.
Several large investors have modified their holdings of the company. Mutual of America Capital Management LLC increased its stake in shares of Weyerhaeuser by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 71,515 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 244 shares during the period. Everett Harris & Co. CA increased its stake in Weyerhaeuser by 209.1% in the fourth quarter. Everett Harris & Co. CA now owns 60,870 shares of the real estate investment trust’s stock worth $1,825,000 after buying an additional 41,175 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Weyerhaeuser during the fourth quarter worth $1,274,000. Loeb Partners Corp purchased a new stake in Weyerhaeuser during the fourth quarter worth $1,559,000. Finally, Giovine Capital Group LLC purchased a new stake in Weyerhaeuser during the fourth quarter worth $1,486,000.
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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