Weyerhaeuser Co (NYSE:WY) Position Decreased by Reinhart Partners Inc.

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Reinhart Partners Inc. decreased its position in Weyerhaeuser Co (NYSE:WY) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 983,798 shares of the real estate investment trust’s stock after selling 21,501 shares during the period. Weyerhaeuser comprises 2.5% of Reinhart Partners Inc.’s portfolio, making the stock its 10th largest holding. Reinhart Partners Inc.’s holdings in Weyerhaeuser were worth $27,251,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its holdings in shares of Weyerhaeuser by 66.5% in the third quarter. Eagle Asset Management Inc. now owns 53,794 shares of the real estate investment trust’s stock valued at $1,490,000 after acquiring an additional 21,485 shares in the last quarter. Bourgeon Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 2.3% in the third quarter. Bourgeon Capital Management LLC now owns 217,571 shares of the real estate investment trust’s stock valued at $6,027,000 after acquiring an additional 4,935 shares in the last quarter. Armor Investment Advisors LLC boosted its holdings in shares of Weyerhaeuser by 3.7% in the third quarter. Armor Investment Advisors LLC now owns 20,940 shares of the real estate investment trust’s stock valued at $580,000 after acquiring an additional 746 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Weyerhaeuser by 6.0% during the third quarter. Daiwa Securities Group Inc. now owns 30,753 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 1,750 shares in the last quarter. Finally, Bartlett & Co. LLC boosted its holdings in Weyerhaeuser by 301.5% during the third quarter. Bartlett & Co. LLC now owns 6,525 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,900 shares in the last quarter. 77.00% of the stock is currently owned by institutional investors and hedge funds.

WY stock traded up $0.28 during trading on Friday, reaching $29.63. 2,275,022 shares of the company were exchanged, compared to its average volume of 4,317,481. The company has a market cap of $22.11 billion, a P/E ratio of 25.11 and a beta of 1.66. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $30.28. The stock’s 50 day moving average price is $28.20 and its 200 day moving average price is $26.16. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.22 and a current ratio of 1.55.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. As a group, equities research analysts forecast that Weyerhaeuser Co will post 0.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.59%. Weyerhaeuser’s payout ratio is currently 115.25%.

WY has been the topic of a number of research analyst reports. Bank of America set a $31.00 price objective on shares of Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. BMO Capital Markets set a $32.00 price objective on shares of Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, September 17th. ValuEngine raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Scotiabank set a $28.50 price objective on shares of Weyerhaeuser and gave the stock a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Weyerhaeuser has a consensus rating of “Buy” and an average target price of $30.93.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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