Weyerhaeuser Company (WY) Holdings Trimmed by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. reduced its stake in shares of Weyerhaeuser Company (NYSE:WY) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 383,902 shares of the real estate investment trust’s stock after selling 24,191 shares during the quarter. Oppenheimer & Co. Inc. owned 0.05% of Weyerhaeuser worth $13,065,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Weyerhaeuser by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 311,332 shares of the real estate investment trust’s stock valued at $10,578,000 after purchasing an additional 8,370 shares in the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $1,571,000. First Financial Equity Corporation purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $225,000. Bragg Financial Advisors Inc lifted its holdings in shares of Weyerhaeuser by 78.9% in the first quarter. Bragg Financial Advisors Inc now owns 56,065 shares of the real estate investment trust’s stock valued at $1,905,000 after purchasing an additional 24,725 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Weyerhaeuser by 3,007.9% in the first quarter. Point72 Asset Management L.P. now owns 236,200 shares of the real estate investment trust’s stock valued at $8,026,000 after purchasing an additional 228,600 shares in the last quarter. Institutional investors own 75.90% of the company’s stock.
WY has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $28.58 to $36.00 in a research note on Monday, August 14th. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective on the stock. in a research note on Monday, August 14th. Finally, BidaskClub downgraded 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 issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $37.20.
Shares of Weyerhaeuser Company (NYSE WY) traded up $0.08 during mid-day trading on Thursday, reaching $36.19. 1,269,300 shares of the company traded hands, compared to its average volume of 3,348,969. Weyerhaeuser Company has a 1 year low of $29.81 and a 1 year high of $36.92. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $27,380.00, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 6.16 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. sell-side analysts anticipate that Weyerhaeuser Company will post 1.17 earnings per share 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 given a dividend of $0.32 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. This represents a $1.28 annualized dividend and a yield of 3.54%. Weyerhaeuser’s dividend payout ratio is 253.06%.
In related news, Director Rick R. Holley sold 227,341 shares of the company’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 transaction of $7,968,302.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was 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.
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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