Prudential PLC reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 3.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 272,994 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Prudential PLC’s holdings in Weyerhaeuser were worth $9,145,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnett & Company Inc. bought a new position in shares of Weyerhaeuser during the 2nd quarter valued at approximately $101,000. Dupont Capital Management Corp bought a new stake in Weyerhaeuser in the second quarter worth $109,000. Alexandria Capital LLC lifted its position in Weyerhaeuser by 0.3% in the second 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. Gemmer Asset Management LLC lifted its position in 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 worth $139,000 after buying an additional 20 shares during the last quarter. Finally, First Command Bank lifted its position in Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,765 shares during the last quarter. Hedge funds and other institutional investors own 75.23% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE WY) opened at 35.02 on Tuesday. The firm has a 50-day moving average price of $33.45 and a 200 day moving average price of $33.34. The firm has a market cap of $26.37 billion, a P/E ratio of 27.53 and a beta of 1.39. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share. On average, analysts forecast that Weyerhaeuser Company will post $1.06 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.54%. Weyerhaeuser’s dividend payout ratio is presently 97.64%.
A number of analysts have weighed in on WY shares. BidaskClub upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Friday, June 23rd. Zacks Investment Research lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Bank of America Corporation lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. Finally, Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Weyerhaeuser has a consensus rating of “Hold” and an average price target of $37.25.
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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