Hyman Charles D reduced its holdings in Weyerhaeuser (NYSE:WY) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,033 shares of the real estate investment trust’s stock after selling 2,479 shares during the period. Hyman Charles D’s holdings in Weyerhaeuser were worth $4,060,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in WY. FMR LLC lifted its holdings in Weyerhaeuser by 336.8% in the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after buying an additional 1,598,165 shares during the period. Jeppson Wealth Management LLC acquired a new stake in Weyerhaeuser in the third quarter worth $32,000. Brinker Capital Investments LLC acquired a new stake in Weyerhaeuser in the third quarter worth $2,475,000. Sei Investments Co. raised its holdings in Weyerhaeuser by 80.3% in the third quarter. Sei Investments Co. now owns 1,041,788 shares of the real estate investment trust’s stock worth $29,716,000 after purchasing an additional 463,929 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Weyerhaeuser by 23.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 29,953 shares of the real estate investment trust’s stock worth $854,000 after purchasing an additional 5,647 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.
Several equities research analysts have weighed in on WY shares. Stephens lowered shares of Weyerhaeuser from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Monday. DA Davidson increased their target price on shares of Weyerhaeuser from $29.00 to $34.00 in a report on Monday, February 1st. Raymond James upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $37.00 to $50.00 in a report on Monday. Finally, BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Weyerhaeuser has an average rating of “Buy” and a consensus target price of $34.33.
Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 29th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. As a group, analysts forecast that Weyerhaeuser will post 0.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 19th. Investors of record on Friday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, March 4th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 174.36%.
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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