Insider Selling: Weyerhaeuser Company (WY) Director Sells $7,968,302.05 in Stock
Weyerhaeuser Company (NYSE:WY) Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Weyerhaeuser Company (WY) opened at 35.18 on Friday. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a 50-day moving average price of $33.80 and a 200 day moving average price of $33.38. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of 27.66 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $1.81 billion for 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 company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, equities research analysts predict that Weyerhaeuser Company will post $1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.31 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.52%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.
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WY has been the topic of a number of recent analyst reports. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research report on Monday, July 31st. Finally, JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three 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 price target of $37.25.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Barnett & Company Inc. bought a new position in Weyerhaeuser in the 2nd quarter worth about $101,000. Dupont Capital Management Corp bought a new position in Weyerhaeuser in the 2nd quarter worth about $109,000. Alexandria Capital LLC increased its stake 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 worth $117,000 after acquiring an additional 12 shares during the last quarter. Gemmer Asset Management LLC increased its stake 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 worth $139,000 after acquiring an additional 20 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Weyerhaeuser by 137.1% in the 1st quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
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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