Palladium Partners LLC held its stake in Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,078 shares of the real estate investment trust’s stock at the end of the first quarter. Palladium Partners LLC’s holdings in Weyerhaeuser Company were worth $274,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in WY. First Personal Financial Services raised its stake in Weyerhaeuser Company by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC raised its stake in Weyerhaeuser Company by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares in the last quarter. Independent Advisor Alliance purchased a new stake in Weyerhaeuser Company during the fourth quarter valued at $124,000. Gemmer Asset Management LLC raised its stake in Weyerhaeuser Company by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in Weyerhaeuser Company by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares in the last quarter. Institutional investors own 77.38% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE:WY) opened at 33.66 on Friday. The firm has a 50-day moving average price of $33.26 and a 200 day moving average price of $32.74. Weyerhaeuser Company has a 12-month low of $26.55 and a 12-month high of $35.50. The company has a market capitalization of $25.31 billion, a P/E ratio of 23.07 and a beta of 1.46.
Weyerhaeuser Company (NYSE:WY) last announced its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser Company had a return on equity of 6.22% and a net margin of 16.58%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. On average, equities research analysts predict that Weyerhaeuser Company will post $1.01 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.24 annualized dividend and a yield of 3.68%. Weyerhaeuser Company’s dividend payout ratio (DPR) is presently 85.52%.
Several research firms recently weighed in on WY. ValuEngine upgraded Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser Company in a research report on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser Company in a report on Wednesday, May 17th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of Weyerhaeuser Company in a report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.88.
In other Weyerhaeuser Company news, Director Rick R. Holley sold 180,556 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $35.07, for a total transaction of $6,332,098.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rick R. Holley sold 6,687 shares of the stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $35.00, for a total value of $234,045.00. Following the sale, the director now directly owns 557,707 shares in the company, valued at approximately $19,519,745. The disclosure for this sale can be found here. Insiders have sold a total of 220,659 shares of company stock worth $7,742,721 in the last ninety days. Insiders own 1.30% of the company’s stock.
Weyerhaeuser Company Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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