Orleans Capital Management Corp LA boosted its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 15.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,915 shares of the real estate investment trust’s stock after buying an additional 6,070 shares during the quarter. Orleans Capital Management Corp LA’s holdings in Weyerhaeuser were worth $1,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Common Asset Management LLC boosted its position 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 period. Securian Asset Management Inc boosted its position 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 period. Swiss National Bank boosted its position 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 period. Bollard Group LLC boosted its position 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 period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position 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 period. Institutional investors own 76.26% of the company’s stock.

Shares of NYSE:WY traded down $0.03 during midday trading on Tuesday, reaching $33.94. 8,658 shares of the company were exchanged, compared to its average volume of 2,511,526. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.77 and a current ratio of 2.18. Weyerhaeuser Co has a one year low of $32.93 and a one year high of $38.39. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 4.33 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Weyerhaeuser had a net margin of 12.94% and a return on equity of 12.15%. The firm had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Weyerhaeuser’s revenue for the quarter was up 14.2% on a year-over-year basis. research analysts predict that Weyerhaeuser Co will post 1.57 earnings per share for the current 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 given a dividend of $0.34 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.01%. Weyerhaeuser’s dividend payout ratio is currently 118.26%.

A number of research firms have weighed in on WY. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $38.50.

Weyerhaeuser Company 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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