Sentry Investment Management LLC Holds Stake in Weyerhaeuser Company (WY)
Sentry Investment Management LLC maintained its stake in shares of Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,765 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Sentry Investment Management LLC’s holdings in Weyerhaeuser were worth $1,902,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Weyerhaeuser by 3,527.2% during the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after purchasing an additional 53,166,351 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Weyerhaeuser by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after purchasing an additional 1,535,736 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Weyerhaeuser by 3.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock valued at $1,231,500,000 after purchasing an additional 1,181,780 shares during the last quarter. State Street Corp grew its holdings in shares of Weyerhaeuser by 0.8% during the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock valued at $1,064,520,000 after purchasing an additional 245,129 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Weyerhaeuser by 67.0% during the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after purchasing an additional 7,096,454 shares during the last quarter. 75.23% of the stock is currently owned by institutional investors.
WY has been the topic of several research reports. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $37.25.
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Weyerhaeuser Company (NYSE WY) traded down 0.17% during midday trading on Tuesday, reaching $34.96. 314,022 shares of the company’s stock were exchanged. The stock has a market cap of $26.32 billion, a PE ratio of 27.48 and a beta of 1.39. The firm has a 50 day moving average of $33.45 and a 200-day moving average of $33.34. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its earnings results 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. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $0.17 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts predict that Weyerhaeuser Company will post $1.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s dividend 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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