Merit Financial Group LLC purchased a new position in Weyerhaeuser Co (NYSE:WY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,780 shares of the real estate investment trust’s stock, valued at approximately $344,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Weyerhaeuser by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock valued at $10,906,000 after purchasing an additional 14,267 shares during the period. First Trust Advisors LP boosted its holdings in Weyerhaeuser by 2.2% during the third quarter. First Trust Advisors LP now owns 142,698 shares of the real estate investment trust’s stock worth $4,856,000 after purchasing an additional 3,139 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Weyerhaeuser by 1.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 294,385 shares of the real estate investment trust’s stock worth $10,018,000 after purchasing an additional 5,216 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Weyerhaeuser during the third quarter worth $1,890,000. Finally, Andra AP fonden raised its position in Weyerhaeuser by 78.8% during the third quarter. Andra AP fonden now owns 106,200 shares of the real estate investment trust’s stock worth $3,614,000 after acquiring an additional 46,800 shares in the last quarter. Institutional investors own 76.79% of the company’s stock.
Shares of Weyerhaeuser Co (NYSE:WY) traded down $0.31 during trading on Wednesday, reaching $35.24. The company had a trading volume of 2,790,000 shares, compared to its average volume of 4,830,000. Weyerhaeuser Co has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. The company has a market cap of $26,640.00, a PE ratio of 41.95, a P/E/G ratio of 5.24 and a beta of 1.43.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. research analysts predict that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a $0.32 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.63%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.38%.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Saturday, January 6th. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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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