Davidson Investment Advisors Decreases Holdings in Weyerhaeuser Company (WY)
Davidson Investment Advisors trimmed its position in Weyerhaeuser Company (NYSE:WY) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,941 shares of the real estate investment trust’s stock after selling 25,368 shares during the quarter. Davidson Investment Advisors’ holdings in Weyerhaeuser were worth $6,696,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barnett & Company Inc. acquired a new position in Weyerhaeuser in the 2nd quarter valued at $101,000. First Personal Financial Services grew its holdings in Weyerhaeuser by 90.7% in the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Dupont Capital Management Corp acquired a new position in Weyerhaeuser in the 2nd quarter valued at $109,000. Alexandria Capital LLC grew its holdings in Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC grew its holdings in Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares in the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. TheStreet downgraded Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Shares of Weyerhaeuser Company (NYSE WY) traded up 0.33% during mid-day trading on Monday, hitting $33.10. The company had a trading volume of 457,761 shares. The company’s 50-day moving average is $32.36 and its 200 day moving average is $33.28. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The company has a market capitalization of $24.92 billion, a PE ratio of 26.02 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, September 7th. Weyerhaeuser’s payout ratio is 97.64%.
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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