Fiduciary Counselling Inc. maintained its stake in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,022 shares of the real estate investment trust’s stock at the close of the second quarter. Weyerhaeuser makes up 29.4% of Fiduciary Counselling Inc.’s investment portfolio, making the stock its biggest position. Fiduciary Counselling Inc.’s holdings in Weyerhaeuser were worth $7,873,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barnett & Company Inc. acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $101,000. First Personal Financial Services grew its position in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,520 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $109,000. Alexandria Capital LLC grew its position in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC grew its position in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.
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Weyerhaeuser Company (NYSE:WY) traded down 0.166% during trading on Friday, reaching $33.005. 1,655,377 shares of the company’s stock were exchanged. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50. The company’s 50 day moving average price is $32.40 and its 200-day moving average price is $33.28. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 25.947 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share. On average, equities analysts expect that Weyerhaeuser Company will post $1.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 97.64%.
Several equities analysts recently issued reports on WY shares. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $28.58 to $36.00 in a research note on Monday, August 14th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 31st. Finally, BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.00.
Weyerhaeuser Company Profile
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.
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