Bronfman E.L. Rothschild L.P. lowered its position in shares of Weyerhaeuser Co (NYSE:WY) by 10.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,446 shares of the real estate investment trust’s stock after selling 1,499 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Weyerhaeuser were worth $294,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WY. Vanguard Group Inc grew its position in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. Vanguard Group Inc. grew its position in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. Capital World Investors grew its position in Weyerhaeuser by 15.1% during the 3rd quarter. Capital World Investors now owns 14,258,395 shares of the real estate investment trust’s stock worth $460,118,000 after acquiring an additional 1,872,823 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Weyerhaeuser by 2,071.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,799,843 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,716,941 shares during the last quarter. Finally, Capital International Investors bought a new stake in Weyerhaeuser during the 3rd quarter worth $55,264,000. Institutional investors and hedge funds own 76.64% of the company’s stock.
A number of research firms have commented on WY. Seaport Global Securities began coverage on Weyerhaeuser in a research report on Wednesday, January 23rd. They issued a “buy” rating and a $30.00 price target on the stock. Raymond James set a $29.00 price target on Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, January 8th. Argus reduced their price target on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Bank of America lowered Weyerhaeuser to a “hold” rating and set a $35.00 price target on the stock. in a research report on Thursday, December 20th. Finally, ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and a consensus price target of $33.22.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts forecast that Weyerhaeuser Co will post 0.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Thursday, February 28th. Weyerhaeuser’s dividend payout ratio is 115.25%.
In other news, insider Russell S. Hagen sold 8,000 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.35% of the stock is owned by insiders.
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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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