Sterling Capital Management LLC reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,540 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Sterling Capital Management LLC’s holdings in Weyerhaeuser were worth $5,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WY. Boston Common Asset Management LLC raised its stake in shares of Weyerhaeuser by 4.0% in the second quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock worth $8,339,000 after purchasing an additional 8,850 shares during the last quarter. Securian Asset Management Inc raised its stake in shares of Weyerhaeuser by 1.6% in the second quarter. Securian Asset Management Inc now owns 135,020 shares of the real estate investment trust’s stock worth $4,923,000 after purchasing an additional 2,126 shares during the last quarter. Swiss National Bank raised its stake in shares of Weyerhaeuser by 3.1% in the second quarter. Swiss National Bank now owns 2,497,320 shares of the real estate investment trust’s stock worth $91,052,000 after purchasing an additional 75,500 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Weyerhaeuser by 2,860.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 930,847 shares of the real estate investment trust’s stock worth $33,939,000 after purchasing an additional 899,400 shares during the last quarter. Finally, Bollard Group LLC raised its stake in shares of Weyerhaeuser by 2.2% in the second quarter. Bollard Group LLC now owns 337,064 shares of the real estate investment trust’s stock worth $12,289,000 after purchasing an additional 7,133 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Several research analysts have recently issued reports on WY shares. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, August 3rd. DA Davidson restated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.50.

Shares of NYSE:WY opened at $34.49 on Thursday. Weyerhaeuser Co has a 52-week low of $32.85 and a 52-week high of $38.39. The stock has a market capitalization of $25.84 billion, a PE ratio of 29.99, a PEG ratio of 4.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.18 and a quick ratio of 1.77.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The firm had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities analysts predict that Weyerhaeuser Co will post 1.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.94%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, September 13th. Weyerhaeuser’s dividend payout ratio (DPR) is 111.30%.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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