Candriam Luxembourg S.C.A. Cuts Holdings in Weyerhaeuser Co (WY)

Candriam Luxembourg S.C.A. lowered its stake in Weyerhaeuser Co (NYSE:WY) by 75.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 58,031 shares of the real estate investment trust’s stock after selling 176,820 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Weyerhaeuser were worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WY. Edgestream Partners L.P. acquired a new position in Weyerhaeuser during the third quarter worth $1,265,000. Toronto Dominion Bank increased its holdings in Weyerhaeuser by 64.5% during the third quarter. Toronto Dominion Bank now owns 808,378 shares of the real estate investment trust’s stock worth $26,083,000 after buying an additional 316,952 shares during the last quarter. Forsta AP Fonden increased its holdings in Weyerhaeuser by 40.0% during the third quarter. Forsta AP Fonden now owns 286,900 shares of the real estate investment trust’s stock worth $9,258,000 after buying an additional 82,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Weyerhaeuser by 2.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,135,059 shares of the real estate investment trust’s stock worth $68,898,000 after buying an additional 59,514 shares during the last quarter. Finally, Advisor Partners LLC increased its holdings in Weyerhaeuser by 14.1% during the third quarter. Advisor Partners LLC now owns 24,297 shares of the real estate investment trust’s stock worth $784,000 after buying an additional 3,006 shares during the last quarter. 76.48% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on WY. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, August 3rd. Scotiabank restated a “hold” rating and set a $32.00 target price on shares of Weyerhaeuser in a report on Tuesday, November 13th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Monday, November 5th. DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. Finally, Argus decreased their price objective on shares of Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.57.

In other Weyerhaeuser news, insider Devin W. Stockfish bought 27,890 shares of Weyerhaeuser stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $26.93 per share, with a total value of $751,077.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

NYSE:WY opened at $26.67 on Friday. Weyerhaeuser Co has a one year low of $25.75 and a one year high of $38.39. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 4.33 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, analysts predict that Weyerhaeuser Co will post 1.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be given a $0.34 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.10%. Weyerhaeuser’s payout ratio is presently 118.26%.

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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.

Further Reading: Capital gains and your 401(k) or IRA

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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