Weyerhaeuser Co. (WY) Shares Bought by Seaward Management Limited Partnership
Seaward Management Limited Partnership raised its stake in shares of Weyerhaeuser Co. (NYSE:WY) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 51,619 shares of the real estate investment trust’s stock after buying an additional 30 shares during the period. Seaward Management Limited Partnership’s holdings in Weyerhaeuser were worth $1,536,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of WY. Perkins Coie Trust Co raised its stake in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 100 shares in the last quarter. AXA purchased a new stake in Weyerhaeuser during the first quarter valued at $139,000. Park Avenue Institutional Advisers LLC raised its stake in Weyerhaeuser by 50.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 4,966 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 1,660 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Weyerhaeuser during the first quarter valued at $161,000. Finally, Integrated Investment Consultants LLC raised its stake in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,280 shares in the last quarter. 75.73% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Co. (NYSE:WY) traded up 1.27% during trading on Wednesday, hitting $30.34. The stock had a trading volume of 2,949,011 shares. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 39.10 and a beta of 1.44. Weyerhaeuser Co. has a 52-week low of $22.06 and a 52-week high of $33.17. The firm’s 50-day moving average price is $31.44 and its 200-day moving average price is $30.94.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $7.54 billion. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The business’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Analysts predict that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 4.09%. Weyerhaeuser’s dividend payout ratio is presently 158.98%.
WY has been the topic of several analyst reports. Argus reissued a “buy” rating on shares of Weyerhaeuser in a report on Sunday, June 12th. Citigroup Inc. upped their price target on Weyerhaeuser from $36.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 8th. Zacks Investment Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. DA Davidson raised Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.00.
In other Weyerhaeuser news, VP Rhonda D. Hunter sold 3,292 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $30.00, for a total transaction of $98,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rhonda D. Hunter sold 3,318 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $33.00, for a total value of $109,494.00. Following the sale, the vice president now owns 61,768 shares of the company’s stock, valued at $2,038,344. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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