Courier Capital LLC boosted its position in shares of Weyerhaeuser (NYSE:WY) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,218 shares of the real estate investment trust’s stock after buying an additional 2,397 shares during the period. Courier Capital LLC’s holdings in Weyerhaeuser were worth $628,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Vanguard Group Inc. boosted its stake in shares of Weyerhaeuser by 8.4% during the 2nd quarter. Vanguard Group Inc. now owns 119,442,545 shares of the real estate investment trust’s stock worth $2,682,679,000 after acquiring an additional 9,300,683 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at approximately $135,396,000. Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser by 88.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,607,295 shares of the real estate investment trust’s stock valued at $148,400,000 after buying an additional 3,103,179 shares in the last quarter. M&G Investment Management Ltd. lifted its position in shares of Weyerhaeuser by 1,392.5% during the 2nd quarter. M&G Investment Management Ltd. now owns 2,802,972 shares of the real estate investment trust’s stock valued at $61,665,000 after buying an additional 2,615,166 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Weyerhaeuser by 109.0% in the 2nd quarter. Nordea Investment Management AB now owns 4,767,686 shares of the real estate investment trust’s stock valued at $105,938,000 after purchasing an additional 2,486,021 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors.
Shares of WY opened at $29.02 on Tuesday. The stock has a 50-day simple moving average of $28.80 and a 200-day simple moving average of $25.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.72 and a current ratio of 2.28. The stock has a market capitalization of $21.91 billion, a PE ratio of 71.61 and a beta of 1.96. Weyerhaeuser has a 1 year low of $13.10 and a 1 year high of $31.58.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Wednesday, November 4th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.13. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. Analysts predict that Weyerhaeuser will post 0.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 3rd.
WY has been the subject of a number of recent research reports. Raymond James reaffirmed a “hold” rating on shares of Weyerhaeuser in a research note on Monday, September 14th. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Monday, August 3rd. BMO Capital Markets raised their target price on Weyerhaeuser from $23.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Royal Bank of Canada raised their target price on Weyerhaeuser from $30.00 to $33.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Citigroup raised their target price on Weyerhaeuser from $26.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Weyerhaeuser has an average rating of “Hold” and an average target price of $29.56.
In other Weyerhaeuser news, SVP James A. Kilberg sold 35,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $30.50, for a total transaction of $1,067,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 34,400 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $28.62, for a total value of $984,528.00. Following the sale, the director now owns 25,001 shares in the company, valued at $715,528.62. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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