Schroder Investment Management Group lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,820 shares of the real estate investment trust’s stock after buying an additional 19,570 shares during the period. Schroder Investment Management Group’s holdings in Weyerhaeuser were worth $6,286,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Weyerhaeuser by 67.0% during the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after purchasing an additional 7,096,454 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Weyerhaeuser by 3.2% during the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after purchasing an additional 1,535,736 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser by 110.0% during the third quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock worth $95,903,000 after purchasing an additional 1,476,159 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Weyerhaeuser by 1,559.9% during the second quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after purchasing an additional 1,389,961 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Weyerhaeuser by 8.6% during the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares during the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
Several research analysts recently issued reports on WY shares. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a report on Monday, September 4th. Argus raised their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens initiated coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price for the company. Finally, BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $37.20.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the completion of the sale, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. Insiders have sold 296,623 shares of company stock valued at $10,452,392 in the last three months. Corporate insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (NYSE:WY) traded down $0.19 on Monday, reaching $35.43. 2,270,800 shares of the company’s stock were exchanged, compared to its average volume of 3,313,280. Weyerhaeuser Company has a one year low of $29.81 and a one year high of $36.92. The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $26,740.00, a PE ratio of 36.15, a price-to-earnings-growth ratio of 6.04 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.61%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s payout ratio is currently 261.22%.
Weyerhaeuser 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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