BNP Paribas Arbitrage SA raised its position in Weyerhaeuser Company (NYSE:WY) by 48.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443,011 shares of the real estate investment trust’s stock after acquiring an additional 145,208 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.06% of Weyerhaeuser worth $15,076,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Alexandria Capital LLC lifted its stake in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 12 shares during the last quarter. Kistler Tiffany Companies LLC lifted its position in shares of Weyerhaeuser by 0.4% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 19 shares during the last quarter. Gemmer Asset Management LLC lifted its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Cambridge Advisors Inc. lifted its position in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 8,864 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 30 shares during the last quarter. Finally, New England Private Wealth Advisors LLC lifted its position in shares of Weyerhaeuser by 0.4% during the 1st quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.
In other news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
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Shares of Weyerhaeuser Company (NYSE:WY) traded down $0.13 during trading on Monday, hitting $36.14. 3,026,400 shares of the stock were exchanged, compared to its average volume of 3,376,245. The firm has a market cap of $27,490.00, a PE ratio of 36.88, a price-to-earnings-growth ratio of 6.17 and a beta of 1.46. Weyerhaeuser Company has a fifty-two week low of $28.62 and a fifty-two week high of $36.48. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. equities analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s payout ratio is presently 253.06%.
WY has been the subject of several recent analyst reports. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Argus boosted their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a research report on Monday, July 31st. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.20.
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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