49,311 Shares in Weyerhaeuser Company (WY) Purchased by BT Investment Management Ltd
BT Investment Management Ltd acquired a new position in shares of Weyerhaeuser Company (NYSE:WY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,311 shares of the real estate investment trust’s stock, valued at approximately $1,652,000.
Other institutional investors also recently bought and sold shares of the company. Barnett & Company Inc. purchased a new stake in Weyerhaeuser during the 2nd quarter worth about $101,000. First Personal Financial Services increased its position in Weyerhaeuser by 90.7% during the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,520 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in Weyerhaeuser during the 2nd quarter worth about $109,000. Alexandria Capital LLC increased its position in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 12 shares in the last quarter. Finally, Gemmer Asset Management LLC increased its position in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE WY) opened at 33.37 on Tuesday. The stock has a market cap of $25.13 billion, a PE ratio of 26.23 and a beta of 1.39. The firm has a 50-day moving average price of $32.37 and a 200 day moving average price of $33.26. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. Equities research analysts predict that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 97.64%.
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WY has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. Finally, Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus 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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