Weyerhaeuser Company (WY) Position Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its stake in Weyerhaeuser Company (NYSE:WY) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,599 shares of the real estate investment trust’s stock after purchasing an additional 14,267 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Weyerhaeuser were worth $10,906,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Barnett & Company Inc. purchased a new stake in Weyerhaeuser during the second quarter worth approximately $101,000. Dupont Capital Management Corp purchased a new stake in Weyerhaeuser during the second quarter worth approximately $109,000. Alexandria Capital LLC grew its stake in Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the period. Gemmer Asset Management LLC grew its stake in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the period. Finally, First Command Bank grew its stake in Weyerhaeuser by 73.1% during the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,765 shares during the period. Hedge funds and other institutional investors own 75.80% of the company’s stock.
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Weyerhaeuser Company (WY) opened at $36.55 on Thursday. The firm has a market cap of $27,324.82, a price-to-earnings ratio of 36.94, a PEG ratio of 6.18 and a beta of 1.46. 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 Company has a 52 week low of $29.81 and a 52 week high of $36.68.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. analysts anticipate that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.32 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.50%. Weyerhaeuser’s dividend payout ratio is currently 108.77%.
In related news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction 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 legal filing with the SEC, which can be accessed through this link. Also, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Several research firms have issued reports on WY. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research note on Monday, August 14th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.20.
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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