Wall Street Access Asset Management LLC Sells 160 Shares of Weyerhaeuser Company (WY)
Wall Street Access Asset Management LLC trimmed its position in Weyerhaeuser Company (NYSE:WY) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,932 shares of the real estate investment trust’s stock after selling 160 shares during the period. Wall Street Access Asset Management LLC’s holdings in Weyerhaeuser were worth $366,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Barnett & Company Inc. purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $101,000. First Personal Financial Services lifted its holdings in Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,520 shares during the period. Dupont Capital Management Corp bought a new position in Weyerhaeuser in the second quarter valued at about $109,000. Alexandria Capital LLC lifted its holdings in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 12 shares during the period. Finally, Gemmer Asset Management LLC lifted its holdings in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 20 shares during the period. 75.23% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Monday, August 14th. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a report on Monday, September 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.25.
Weyerhaeuser Company (NYSE WY) traded up 0.4180% during trading on Friday, reaching $33.5597. The company’s stock had a trading volume of 997,514 shares. The firm has a market capitalization of $25.27 billion, a P/E ratio of 26.3834 and a beta of 1.39. The stock has a 50-day moving average of $32.38 and a 200 day moving average of $33.26. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. On average, 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 given a $0.31 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.71%. Weyerhaeuser’s payout ratio is 97.64%.
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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