Intact Investment Management Inc. continued to hold its stake in shares of Weyerhaeuser Company (NYSE:WY) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,000 shares of the real estate investment trust’s stock at the close of the second quarter. Intact Investment Management Inc.’s holdings in Weyerhaeuser were worth $201,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WY. Barnett & Company Inc. bought a new position in Weyerhaeuser during the 2nd quarter valued at $101,000. First Personal Financial Services boosted its stake 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 valued at $109,000 after acquiring an additional 1,520 shares during the last quarter. Dupont Capital Management Corp bought a new position in Weyerhaeuser during the 2nd quarter valued at $109,000. Alexandria Capital LLC boosted its stake in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.
A number of research analysts have commented on WY shares. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. Finally, Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $35.00 in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.25.
Shares of Weyerhaeuser Company (NYSE WY) opened at 33.58 on Friday. The firm has a market cap of $25.28 billion, a PE ratio of 26.40 and a beta of 1.39. The company has a 50 day moving average of $32.38 and a 200-day moving average of $33.26. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last issued 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. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser Company will post $1.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.69%. Weyerhaeuser’s dividend payout ratio is presently 97.64%.
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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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