Weyerhaeuser Company (WY) Position Lowered by Oarsman Capital Inc.
Oarsman Capital Inc. reduced its stake in Weyerhaeuser Company (NYSE:WY) by 9.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,066 shares of the real estate investment trust’s stock after selling 760 shares during the quarter. Oarsman Capital Inc.’s holdings in Weyerhaeuser were worth $237,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after acquiring an additional 53,166,351 shares during the period. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after acquiring an additional 1,553,556 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 3.3% in the second quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock worth $1,231,500,000 after acquiring an additional 1,181,780 shares during the period. State Street Corp lifted its stake in shares of Weyerhaeuser by 0.8% in the first quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after acquiring an additional 245,129 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Weyerhaeuser by 8.6% in the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after acquiring an additional 1,273,679 shares during the period. 75.27% of the stock is currently owned by institutional investors.
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Weyerhaeuser Company (WY) opened at 33.20 on Wednesday. The stock’s 50 day moving average price is $32.48 and its 200-day moving average price is $33.29. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 26.10 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Equities analysts anticipate that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Thursday, September 7th. Weyerhaeuser’s payout ratio is presently 97.64%.
Several equities analysts have issued reports on the company. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 price target on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research note on Monday, July 31st. Finally, Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Weyerhaeuser presently has an average rating of “Hold” and an average target price of $37.00.
Weyerhaeuser Company Profile
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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