Weyerhaeuser Company (WY) Position Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,816 shares of the real estate investment trust’s stock after purchasing an additional 256 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Weyerhaeuser were worth $1,870,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barnett & Company Inc. purchased a new position in Weyerhaeuser during the 2nd quarter worth $101,000. First Personal Financial Services boosted its holdings in Weyerhaeuser by 90.7% during the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,520 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Weyerhaeuser during the 2nd quarter worth $109,000. Alexandria Capital LLC boosted its holdings in shares of Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Shares of Weyerhaeuser Company (WY) traded down 0.03% during mid-day trading on Friday, reaching $33.05. The company’s stock had a trading volume of 1,559,900 shares. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month 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 $24.88 billion, a P/E ratio of 25.98 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is currently 97.64%.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $35.00 in a report on Wednesday, July 5th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $37.00.

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About Weyerhaeuser

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 (NYSE:WY)

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