Weyerhaeuser Company (WY) Shares Bought by Bp Plc
Bp Plc raised its position in Weyerhaeuser Company (NYSE:WY) by 40.3% during the first quarter, Holdings Channel reports. The fund owned 296,000 shares of the real estate investment trust’s stock after buying an additional 85,000 shares during the period. Bp Plc’s holdings in Weyerhaeuser Company were worth $10,055,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of WY. Norges Bank bought a new stake in Weyerhaeuser Company during the fourth quarter valued at about $257,785,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Weyerhaeuser Company during the fourth quarter valued at about $66,332,000. American Century Companies Inc. boosted its stake in Weyerhaeuser Company by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock valued at $504,615,000 after buying an additional 1,858,252 shares during the last quarter. Teachers Advisors LLC boosted its stake in Weyerhaeuser Company by 74.4% in the fourth quarter. Teachers Advisors LLC now owns 3,487,661 shares of the real estate investment trust’s stock valued at $104,944,000 after buying an additional 1,487,589 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Weyerhaeuser Company by 3.7% in the first quarter. First Eagle Investment Management LLC now owns 35,579,410 shares of the real estate investment trust’s stock valued at $1,208,988,000 after buying an additional 1,260,154 shares during the last quarter. 77.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of Weyerhaeuser Company (NYSE WY) opened at 34.04 on Tuesday. Weyerhaeuser Company has a 52 week low of $26.55 and a 52 week high of $35.50. The stock’s 50 day moving average is $33.27 and its 200-day moving average is $32.80. The stock has a market capitalization of $25.60 billion, a price-to-earnings ratio of 23.33 and a beta of 1.46.
Weyerhaeuser Company (NYSE:WY) last announced its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser Company had a return on equity of 6.22% and a net margin of 16.58%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, analysts anticipate that Weyerhaeuser Company will post $1.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, June 7th. Weyerhaeuser Company’s payout ratio is 85.52%.
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Several equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Weyerhaeuser Company in a research report on Tuesday, April 18th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser Company in a research report on Wednesday, May 17th. Finally, Citigroup Inc. restated a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser Company in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $36.88.
In related news, Director Rick R. Holley sold 33,416 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the completion of the sale, the director now owns 571,036 shares in the company, valued at $20,106,177.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rick R. Holley sold 6,687 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total value of $234,045.00. Following the sale, the director now owns 557,707 shares of the company’s stock, valued at approximately $19,519,745. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,659 shares of company stock valued at $7,742,721. 1.30% of the stock is owned by company insiders.
About Weyerhaeuser Company
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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