46,687 Shares in Weyerhaeuser Company (WY) Purchased by Valeo Financial Advisors LLC
Valeo Financial Advisors LLC purchased a new stake in Weyerhaeuser Company (NYSE:WY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 46,687 shares of the real estate investment trust’s stock, valued at approximately $1,589,000.
Several other large investors also recently added to or reduced their stakes in WY. American Century Companies Inc. raised its stake in shares of Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. Pegasus Partners Ltd. raised its stake in shares of Weyerhaeuser by 153.0% during the 2nd quarter. Pegasus Partners Ltd. now owns 152,185 shares of the real estate investment trust’s stock worth $5,098,000 after purchasing an additional 92,021 shares in the last quarter. Trust Co. of Vermont raised its stake in shares of Weyerhaeuser by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after purchasing an additional 3,231 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Weyerhaeuser by 7.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 408,093 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 27,029 shares in the last quarter. Finally, Van Cleef Asset Management Inc raised its stake in shares of Weyerhaeuser by 1.1% during the 2nd quarter. Van Cleef Asset Management Inc now owns 217,112 shares of the real estate investment trust’s stock worth $7,273,000 after purchasing an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.
Shares of Weyerhaeuser Company (NYSE WY) traded down $0.19 during mid-day trading on Monday, hitting $35.43. The company had a trading volume of 2,270,800 shares, compared to its average volume of 3,313,280. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. Weyerhaeuser Company has a 1-year low of $29.81 and a 1-year high of $36.92. The company has a market cap of $26,740.00, a P/E ratio of 36.15, a price-to-earnings-growth ratio of 6.04 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. sell-side analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.32 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s payout ratio is currently 261.22%.
WY has been the subject of a number of recent research reports. BMO Capital Markets downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $28.58 to $36.00 in a research note on Monday, August 14th. Argus raised their price target on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stephens initiated coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target for the company. TheStreet downgraded Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Weyerhaeuser has a consensus rating of “Hold” and an average target price of $37.20.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 296,623 shares of company stock worth $10,452,392. Company insiders own 1.20% of the company’s stock.
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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