Baird Financial Group Inc. boosted its holdings in Weyerhaeuser Co (NYSE:WY) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,297,280 shares of the real estate investment trust’s stock after buying an additional 20,378 shares during the period. Baird Financial Group Inc.’s holdings in Weyerhaeuser were worth $45,742,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bellwether Investment Group LLC bought a new position in Weyerhaeuser during the 4th quarter worth approximately $277,000. Exane Derivatives raised its holdings in Weyerhaeuser by 94,833.3% during the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 2,845 shares during the last quarter. Barrett Asset Management LLC raised its holdings in Weyerhaeuser by 102.2% during the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,584 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Weyerhaeuser by 324.7% during the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 3,490 shares during the last quarter. Institutional investors and hedge funds own 74.69% of the company’s stock.
In other news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the sale, the insider now owns 98,973 shares in the company, valued at approximately $3,574,904.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Co (NYSE:WY) opened at $35.18 on Monday. The firm has a market cap of $26,550.00, a price-to-earnings ratio of 41.88, a PEG ratio of 5.25 and a beta of 1.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14. Weyerhaeuser Co has a one year low of $30.95 and a one year high of $37.89.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 EPS. analysts expect that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a $0.32 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.28 annualized dividend and a dividend yield of 3.64%. Weyerhaeuser’s dividend payout ratio is currently 152.38%.
Several research firms have issued reports on WY. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus raised their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Saturday, January 6th. Finally, Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Weyerhaeuser has a consensus rating of “Hold” and an average price target of $37.44.
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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