Weyerhaeuser Company (WY) Stake Raised by Principal Financial Group Inc.
Principal Financial Group Inc. lifted its position in shares of Weyerhaeuser Company (NYSE:WY) by 110.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,818,177 shares of the real estate investment trust’s stock after acquiring an additional 1,476,159 shares during the quarter. Principal Financial Group Inc. owned 0.37% of Weyerhaeuser worth $95,903,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of WY. BlackRock Inc. boosted its stake 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 acquiring an additional 53,166,351 shares in the last quarter. Capital World Investors boosted its stake 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 acquiring an additional 7,096,454 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 acquiring an additional 1,553,556 shares in the last quarter. Janus Henderson Group PLC boosted its stake 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 acquiring an additional 1,389,961 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake 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 acquiring an additional 1,273,679 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors and hedge funds.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (NYSE:WY) opened at $36.14 on Friday. The firm has a market cap of $27,279.52, a PE ratio of 36.88, a P/E/G ratio of 6.17 and a beta of 1.46. Weyerhaeuser Company has a 12 month low of $28.62 and a 12 month high of $36.48. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. Weyerhaeuser’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. equities analysts anticipate that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio (DPR) is 108.77%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research note on Monday, September 4th. JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research note on Monday, August 14th. Finally, BidaskClub lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.20.
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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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