American Trust Investment Advisors LLC Raises Position in Weyerhaeuser Company (WY)

American Trust Investment Advisors LLC boosted its position in shares of Weyerhaeuser Company (NYSE:WY) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,699 shares of the real estate investment trust’s stock after buying an additional 7,045 shares during the period. Weyerhaeuser Company accounts for about 1.6% of American Trust Investment Advisors LLC’s portfolio, making the stock its 27th largest position. American Trust Investment Advisors LLC’s holdings in Weyerhaeuser Company were worth $1,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WY. Russell Investments Group Ltd. bought a new stake in shares of Weyerhaeuser Company during the fourth quarter worth about $3,087,000. Dimensional Fund Advisors LP increased its stake in shares of Weyerhaeuser Company by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 302,962 shares of the real estate investment trust’s stock worth $9,118,000 after buying an additional 7,182 shares during the period. FMR LLC increased its stake in shares of Weyerhaeuser Company by 22.4% in the fourth quarter. FMR LLC now owns 781,412 shares of the real estate investment trust’s stock worth $23,513,000 after buying an additional 143,062 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Weyerhaeuser Company during the fourth quarter worth about $5,692,000. Finally, Brookfield Asset Management Inc. increased its stake in shares of Weyerhaeuser Company by 26.0% in the fourth quarter. Brookfield Asset Management Inc. now owns 448,458 shares of the real estate investment trust’s stock worth $13,494,000 after buying an additional 92,600 shares during the period. Institutional investors own 77.37% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 32.51 on Wednesday. The company’s 50 day moving average price is $33.31 and its 200-day moving average price is $32.87. The firm has a market capitalization of $24.45 billion, a P/E ratio of 22.28 and a beta of 1.41. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.

Weyerhaeuser Company (NYSE:WY) last issued its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser Company had a return on equity of 6.22% and a net margin of 16.58%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s revenue was up 20.5% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser Company will post $1.00 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.81%. Weyerhaeuser Company’s dividend payout ratio is currently 85.52%.

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A number of analysts have issued reports on WY shares. Zacks Investment Research raised Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Monday, April 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser Company in a research note on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of Weyerhaeuser Company in a research note on Tuesday, March 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $39.00 target price (up from $38.00) on shares of Weyerhaeuser Company in a research note on Saturday, April 22nd. Finally, BidaskClub downgraded Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.56.

In related news, Director Rick R. Holley sold 6,687 shares of the stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total transaction of $234,045.00. Following the transaction, the director now directly owns 557,707 shares in the company, valued at $19,519,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rick R. Holley sold 33,416 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $35.21, for a total value of $1,176,577.36. Following the transaction, the director now owns 571,036 shares in the company, valued at $20,106,177.56. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

About Weyerhaeuser Company

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.

Institutional Ownership by Quarter for Weyerhaeuser Company (NYSE:WY)

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