NTV Asset Management LLC Sells 1,007 Shares of Weyerhaeuser Company $WY

NTV Asset Management LLC reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,908 shares of the real estate investment trust’s stock after selling 1,007 shares during the quarter. NTV Asset Management LLC’s holdings in Weyerhaeuser were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser during the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser during the first quarter worth $31,000. Costello Asset Management INC bought a new stake in Weyerhaeuser during the first quarter worth $32,000. Marshall Investment Management LLC bought a new stake in Weyerhaeuser during the first quarter worth $36,000. Finally, Zions Bancorporation National Association UT bought a new stake in Weyerhaeuser during the first quarter worth $40,000. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the topic of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Saturday, September 27th. Finally, CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $25.12 on Friday. The stock has a market cap of $18.12 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 124.36 and a beta of 1.05. Weyerhaeuser Company has a fifty-two week low of $23.98 and a fifty-two week high of $33.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a fifty day moving average of $25.40 and a 200-day moving average of $26.07.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s payout ratio is 221.05%.

Weyerhaeuser 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.