Wall Street Access Asset Management LLC reduced its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,420 shares of the real estate investment trust’s stock after selling 1,480 shares during the quarter. Wall Street Access Asset Management LLC’s holdings in Weyerhaeuser were worth $332,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in WY. Barings LLC increased its holdings in Weyerhaeuser by 179.5% during the 4th quarter. Barings LLC now owns 1,289,013 shares of the real estate investment trust’s stock worth $45,451,000 after acquiring an additional 827,804 shares during the period. JPMorgan Chase & Co. increased its holdings in Weyerhaeuser by 9.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock worth $322,797,000 after acquiring an additional 813,226 shares during the period. Teachers Advisors LLC increased its holdings in Weyerhaeuser by 33.7% during the 4th quarter. Teachers Advisors LLC now owns 2,925,727 shares of the real estate investment trust’s stock worth $103,161,000 after acquiring an additional 737,511 shares during the period. Bank of New York Mellon Corp increased its holdings in Weyerhaeuser by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 8,827,895 shares of the real estate investment trust’s stock worth $311,270,000 after acquiring an additional 580,014 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in Weyerhaeuser by 22.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,743,270 shares of the real estate investment trust’s stock worth $96,728,000 after acquiring an additional 494,554 shares during the period. Institutional investors own 75.99% of the company’s stock.
Weyerhaeuser Co (NYSE:WY) opened at $35.55 on Tuesday. The company has a market cap of $27,083.43, a price-to-earnings ratio of 46.10, a PEG ratio of 5.31 and a beta of 1.43. Weyerhaeuser Co has a twelve month low of $30.95 and a twelve month 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.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ 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 return on equity of 9.62% and a net margin of 8.09%. Weyerhaeuser’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. equities research analysts expect that Weyerhaeuser Co will post 1.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is currently 166.24%.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.
A number of equities analysts have recently commented on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Saturday, January 6th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.44.
ILLEGAL ACTIVITY NOTICE: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://ledgergazette.com/2018/03/20/wall-street-access-asset-management-llc-sells-1480-shares-of-weyerhaeuser-co-wy.html.
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.
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.