Amalgamated Bank lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 61.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,162 shares of the real estate investment trust’s stock after acquiring an additional 31,972 shares during the period. Amalgamated Bank’s holdings in Weyerhaeuser were worth $2,819,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Pegasus Partners Ltd. lifted its holdings in shares of Weyerhaeuser by 153.0% in the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock valued at $5,098,000 after acquiring an additional 92,021 shares during the last quarter. American Century Companies Inc. lifted its stake in Weyerhaeuser by 8.6% in 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. Oppenheimer & Co. Inc. lifted its stake in Weyerhaeuser by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 27,029 shares during the last quarter. BB&T Securities LLC lifted its stake in Weyerhaeuser by 6.9% in the second quarter. BB&T Securities LLC now owns 251,271 shares of the real estate investment trust’s stock worth $8,418,000 after purchasing an additional 16,114 shares during the last quarter. Finally, Van Cleef Asset Management Inc lifted its stake in Weyerhaeuser by 1.1% in the second quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after purchasing an additional 2,358 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.
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WY has been the subject of several analyst reports. 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 note on Monday, July 31st. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, July 7th. Royal Bank Of Canada reissued a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.00.
Weyerhaeuser Company (NYSE:WY) opened at 32.99 on Friday. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 25.94 and a beta of 1.39. The company’s 50-day moving average is $32.36 and its 200 day moving average is $33.28. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.17 EPS. Equities analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.76%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 97.64%.
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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