Gofen & Glossberg LLC IL Sells 2,240 Shares of Weyerhaeuser Co (NYSE:WY)

Gofen & Glossberg LLC IL cut its stake in Weyerhaeuser Co (NYSE:WY) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,488 shares of the real estate investment trust’s stock after selling 2,240 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Weyerhaeuser were worth $1,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of WY. Allworth Financial LP lifted its position in Weyerhaeuser by 85.7% in the third quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 427 shares during the last quarter. NuWave Investment Management LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth $30,000. Rational Advisors LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth $30,000. NEXT Financial Group Inc lifted its position in shares of Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 789 shares during the last quarter. Finally, Personal Wealth Partners bought a new stake in shares of Weyerhaeuser during the second quarter worth $33,000. Institutional investors own 76.97% of the company’s stock.

NYSE:WY opened at $27.13 on Friday. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $29.23. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 9.63 and a beta of 1.67. The stock has a fifty day simple moving average of $26.90 and a 200-day simple moving average of $25.84. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. The firm’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, equities research analysts predict that Weyerhaeuser Co will post 0.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.36 annualized dividend and a dividend yield of 5.01%. Weyerhaeuser’s payout ratio is currently 115.25%.

Several analysts have recently weighed in on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. ValuEngine upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets set a $32.00 target price on Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.67.

Weyerhaeuser Company Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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