National Pension Service grew its holdings in Weyerhaeuser Co (NYSE:WY) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 842,396 shares of the real estate investment trust’s stock after purchasing an additional 4,032 shares during the period. National Pension Service owned about 0.11% of Weyerhaeuser worth $27,184,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WY. Citizens Financial Group Inc RI grew its holdings in shares of Weyerhaeuser by 162.1% in the third quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 2,036 shares during the period. Truvestments Capital LLC bought a new stake in shares of Weyerhaeuser in the third quarter worth $113,000. Westbourne Investment Advisors Inc. bought a new stake in shares of Weyerhaeuser in the third quarter worth $129,000. Pinebridge Investments L.P. bought a new stake in shares of Weyerhaeuser in the second quarter worth $171,000. Finally, Signaturefd LLC grew its holdings in shares of Weyerhaeuser by 82.3% in the second quarter. Signaturefd LLC now owns 4,806 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 2,170 shares during the period. 75.89% of the stock is owned by institutional investors and hedge funds.
In related news, insider Devin W. Stockfish purchased 27,890 shares of the business’s stock in a transaction on Tuesday, November 13th. The stock was acquired 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.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that Weyerhaeuser Co will post 1.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 30th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Thursday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 118.26%.
Several analysts recently commented on WY shares. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $37.50 to $35.00 in a report on Monday, October 29th. Vertical Research raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Weyerhaeuser in a report on Tuesday, November 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.57.
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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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