Cetera Investment Advisers Buys New Stake in Weyerhaeuser Company (WY)
Cetera Investment Advisers bought a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,715 shares of the real estate investment trust’s stock, valued at approximately $389,000.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position 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 worth $1,857,812,000 after buying an additional 53,166,351 shares during the last quarter. Capital World Investors lifted its position 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 worth $592,798,000 after buying an additional 7,096,454 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Weyerhaeuser by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after buying an additional 1,553,556 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Weyerhaeuser by 1,559.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after buying an additional 1,389,961 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after buying an additional 1,273,679 shares during the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (WY) traded up 0.20% during trading on Friday, reaching $35.25. The company’s stock had a trading volume of 175,133 shares. The company has a market cap of $26.54 billion, a PE ratio of 27.71 and a beta of 1.39. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50. The stock has a 50-day moving average price of $33.80 and a 200 day moving average price of $33.38.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year. On average, analysts expect that Weyerhaeuser Company will post $1.06 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 97.64%.
WY has been the subject of several recent analyst reports. BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Bank of America Corporation downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Goldman Sachs Group, Inc. (The) downgraded Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.25.
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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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