Toronto Dominion Bank increased its stake in shares of Weyerhaeuser Co (NYSE:WY) by 64.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 808,378 shares of the real estate investment trust’s stock after purchasing an additional 316,952 shares during the quarter. Toronto Dominion Bank owned about 0.11% of Weyerhaeuser worth $26,083,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Interactive Financial Advisors boosted its position in shares of Weyerhaeuser by 145.1% during the second quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,714 shares in the last quarter. Citizens Financial Group Inc RI boosted its position in shares of Weyerhaeuser by 162.1% during the third quarter. Citizens Financial Group Inc RI now owns 3,292 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 2,036 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Weyerhaeuser during the third quarter worth $113,000. Quad Cities Investment Group LLC bought a new position in shares of Weyerhaeuser during the second quarter worth $136,000. Finally, Westbourne Investment Advisors Inc. bought a new position in shares of Weyerhaeuser during the third quarter worth $129,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:WY opened at $27.06 on Friday. Weyerhaeuser Co has a 12 month low of $25.75 and a 12 month high of $38.39. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.65. The firm has a market cap of $20.02 billion, a P/E ratio of 23.53, a P/E/G ratio of 4.40 and a beta of 1.48.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 30th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.03%. Weyerhaeuser’s payout ratio is 118.26%.
In related news, insider Devin W. Stockfish acquired 27,890 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $26.93 per share, for a total transaction of $751,077.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.
A number of equities analysts have recently weighed in on WY shares. DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Vertical Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Weyerhaeuser currently has an average rating of “Hold” and an average price target of $34.67.
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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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