Brandywine Trust Co. Has $214,000 Position in Weyerhaeuser Company (WY)
Brandywine Trust Co. held its position in shares of Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,400 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Weyerhaeuser comprises about 0.2% of Brandywine Trust Co.’s holdings, making the stock its 22nd biggest position. Brandywine Trust Co.’s holdings in Weyerhaeuser were worth $214,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Barnett & Company Inc. purchased a new position in shares of Weyerhaeuser during the second quarter worth $101,000. First Personal Financial Services boosted its position in shares of Weyerhaeuser by 90.7% during the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Weyerhaeuser during the second quarter worth $109,000. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% during 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 period. Finally, Gemmer Asset Management LLC boosted its position in shares of Weyerhaeuser by 0.5% during 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 period. 75.23% of the stock is owned by institutional investors.
Several research analysts have recently commented on the company. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a research report on Monday, August 14th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $37.00.
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Weyerhaeuser Company (NYSE WY) traded up 0.736% on Wednesday, reaching $33.525. The company had a trading volume of 602,965 shares. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 26.356 and a beta of 1.39. The stock’s 50-day moving average price is $32.38 and its 200 day moving average price is $33.26. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm earned $0.17 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.73%. Weyerhaeuser’s dividend payout ratio is currently 97.64%.
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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